Poverty in Lithuania has increased across the country, particularly in remote regions, LRT reports. Nearly 700,000 people are living below the poverty risk threshold. The average poverty level in rural areas is almost twice as high as in cities. In some municipalities, every third resident is living in poverty. Ugne Uzgale, head of strategy and…
Estonia’s GDP rose by 1.3% in the first quarter of 2026, compared to the same period of 2025, according to Statistics Estonia’s flash estimate, BNS reported. Compared to the fourth quarter of 2025, seasonally and working-day adjusted GDP rose by 0.6%. Robert Müürsepp, national accounts service manager at Statistics Estonia, noted that there were several…
Estonia’s exports of goods totalled nearly EUR 1.5bn in February 2026, which was down 1% from the same period of 2025, according to data from Statistics Estonia, ERR reports. Imports of goods totalled nearly EUR 1.9bn, which was up 6% over a year. Estonia’s monthly trade deficit thus amounted to EUR 426mn, which was EUR…
Home prices in Latvia rose by 1.9% in the fourth quarter of 2025 from the previous quarter, according to Eurostat data, LSM reports. Compared to the fourth quarter of 2024, housing prices increased by 11%. Residential property prices have risen by more than 120% and rental prices by more than 30% over ten years since…
The Latvian government is considering a windfall tax on fuel retailers, LETA reports. Under the proposal, fuel retailers would have to pay a solidarity tax if their actual retail price was more than 3% higher than the objectively calculated indicative retail price. Earlier, the government lowered the excise duty on diesel fuel temporarily until 30…
The municipal government of the Estonian capital, Tallinn, will draw up a new citywide development plan, ERR reports. The previous plan was completed in 2001. In the next 25 years, Tallinn did urban planning by city district. The new plan will focus on developing urban space, including transport networks, educational institution networks, and district centres. Tallinn’s…
The total production of industrial enterprises in Estonia decreased by 0.5% at constant prices over a year in February 2026, according to data from Statistics Estonia, ERR reports. Compared to January 2026, seasonally-adjusted total industrial production fell by 0.7% and manufacturing by 0.8%. Riin Kadarik, leading analyst at Statistics Estonia, said that the decrease was…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
Lithuania’s GDP will grow by 3.1% under a baseline scenario in 2026, according to the Bank of Lithuania’s latest forecast, ELTA reports. GDP growth will reach 2.0% in 2027 and 2.9% in 2028, the central bank projects. Under an adverse scenario, however, the country’s GDP growth will stand at 3.1% in 2026, at mere 1.6%…
