The taxable value of real estate property in Lithuania has increased by 90% since the beginning of 2021, according to an assessment by the Centre of Registers, BNS reports. The tax value of residential property has roughly doubled, while the value of other real estate has increased by 60-100% over five years. Property values have…
Estonia’s harmonised index of consumer prices (HICP) rose by 5.2% on year in September 2025, according to Statistics Estonia’s flash estimate, ERR reports. Compared to August 2025, prices fell by 1.2%. The monthly fall was mainly due to a drop in prices for food, non-alcoholic beverages, and fuel. The HICP takes into account spending by…
Lithuania’s GDP rose by 3% over a year in 2024 to EUR 79bn at current prices, according to the State Data Agency’s (VDA) revised data, BNS reports. Gross value added in manufacturing rose by 2.9% and in wholesale and retail trade by 2.6% in constant prices. Growth in professional, scientific, and technical activities stood at…
Business sentiment in Latvia improved in all economic sectors in September 2025, according to the Central Statistical Bureau’s (CSP) latest survey, LSM reports. The business confidence indicator was 4.8% in retail trade, which was up 1.5 percentage points from August 2025. Business confidence stood at 1.7% in services (up 1.3 points), negative 3.5% in manufacturing…
Estonia’s GDP growth will reach 0.6% in 2025, according to the latest economic forecast from the Bank of Estonia, Estonian World reports. In June 2025, the central bank forecast that the GDP would rise by 1.5% in 2025. The central bank expects Estonia’s economy to grow by over 3% in 2026 and 2027, boosted by…
Almost a third of consumers in Latvia still pay in cash, according to a report from financial technology platform Adyen, Labs of Latvia reports. The data showed that 29% of Latvian consumers prefer to pay in cash. Around a third of those aged 30 and those aged 60 as well as a quarter of 20-year-olds…
The EU should take on joint debt to finance defence spending, Gediminas Simkus, board chairman of the Bank of Lithuania, stated, BNS reports. Speaking in an interview with Politico, Simkus called for “more unity in defence” in the EU, noting that the European defence industry market was still very fragmented. He said that the “time…
The Latvian government may have to take additional austerity measures to implement the ruling coalition’s policy priorities, Prime Minister Evika Silina stated, LETA reports. Earlier, ministries submitted proposals to cut altogether EUR 150mn in public sector spending in 2026. Speaking in an interview with TV3, Silina said that the sum might not be enough to…
Estonian Finance Minister Jürgen Ligi said that public outcry over inflation was misplaced, ERR reports. He argued that complaining about rising prices was “as stupid as cursing bad weather when you wake up in the morning.” Ligi stressed that most prices were not under government control, and that the government could thus neither cause nor…