Power plants in Estonia generated 3,619 GWh of electricity from renewable sources in 2025, which was up 7% from 2024, according to transmission system operator Elering, ERR reports. Renewable energy accounted for 68% of total electricity production and covered 41% of total electricity consumption in 2025. Electricity production from wind power amounted to 1,324 GWh…
Latvian monetary financial institutions (MFIs), mainly banks, generated an aggregate profit of EUR 341.7mn in 2025, which was down 34.5% from EUR 521.4mn in 2024, according to the Bank of Latvia, LETA reports. MFIs had assets totalling EUR 31.687bn at the end of 2025, which was up 5.9% from EUR 29.913bn a year earlier. The…
Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
Latvia’s national air carrier, airBaltic, intends to increase its presence in neighbouring Lithuania, according to the company’s new CEO, Erno Hildén, BNS reports. He said that the airline had plans for new destinations and more frequent flights, particularly to and from Vilnius. While acknowledging that airBaltic was facing significant financial challenges, Hildén vowed that his…
Finnish police have arrested two crew members of a cargo ship suspected of severing Finnish telecommunications operator Elisa’s undersea data cable in the Gulf of Finland, YLE reports. In addition, two more crew members were issued with travel bans. Three informed sources told Helsingin Sanomat that there was no indication of Russian involvement in the…
Police in Finland have detained a cargo ship and its crew suspected of breaking two undersea data cables in Estonia’s exclusive economic zone in the Gulf of Finland, ERR reports. Finnish telecommunications operator Elisa detected a fault in its data cable in the early morning hours of 31 December 2025. Estonia’s Ministry of Justice and…
The number of housing transactions in Latvia increased by around 20% in the first three quarters of 2025, compared to the same period of 2024, according to real estate agency Latio, LETA reported. The data showed that it took an average of 47 days to sell a home at market price in December 2025, which…
The Estonian Centre for Defence Investments (RKIK) has signed a contract to buy six K239 Chunmoo self-propelled multiple-launch rocket systems (MLRS) from South Korea’s Hanwha Aerospace for EUR 290mn, ERR reports. Under the deal, Hanwha will deliver the MLRS units within two years. Additional units and longer range may be added later. Also, Hanwha will…
Lithuania should “slightly de-escalate” tensions with Belarus, Deividas Matulionis, national security adviser to Lithuanian President Gitanas Nauseda, stated, LRT reported. Earlier, Belarus released 123 political prisoners in exchange for the US lifting sanctions on Belarusian potash fertilisers. Also, Belarus pledged to stop the incursion of smuggler balloons into Lithuanian airspace. Lithuania has halted transit shipments…