The National Audit Office of Estonia (Riigikontroll) found significant errors in the 2023 state budget act despite the overall accuracy of the state’s financial accounts, ERR reports. Key issues included incorrect recording of transactions in the budgets of the ministries of economy, regional affairs, and agriculture, leading to a discrepancy of EUR 122mn. Additionally, the…
The Estonian government will impose a lower ceiling on parental benefits and a cap on sickness benefits as of 2026, ERR reports. The government will reduce the maximum rate for parental benefits from the current three times the average wage to twice the average wage. The cut will affect around 3,500 people annually, or about…
Latvia’s industrial production rose by 1.4% on year in July 2024, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Output in manufacturing declined by 6.4%, while output in mining and quarrying increased by 6.1% and in electricity and gas supply by 66.0% over a year. Compared to June 2024,…
The average monthly wage in the Baltic States rose the fastest in Lithuania in 2023, according to research agency Figure Baltic Advisory’s study, LETA reports. The average wage rose by 8.8% in Lithuania, 8.2% in Latvia, and 7.3% in Estonia over a year. The agency projects that the monthly basic salary will rise by 6.3%…
The number of non-cash payments executed in Latvia totalled 395 million in the first half of 2024, which was 6% more than in the same period of 2023, according to the Bank of Latvia, LSM reports. The value of all non-cash payments totalled EUR 491.8bn, which was up by 226% over a year. The volume…
Lithuanian President Gitanas Nauseda called for limiting the number of immigrants entering the country, BNS reports. Speaking on LRT, Nauseda argued that “uncontrolled immigration was, first and foremost, a national security issue.” Given the “demographic hole” that Lithuania faces, failure to control immigration could lead to “outcomes none of us want,” Nauseda stated. He insisted…
Estonia’s unemployment rate stood at 7.6% in the second quarter of 2024, according to data from Statistics Estonia, Estonian World reports. The number of unemployed declined by 1,100 people over a quarter. Compared to the second quarter of 2023, the number of unemployed increased by 7,600, however. The employment rate stood at 69.7%, and the…
The average gross monthly wage in Estonia amounted to EUR 2,007 in the second quarter of 2024, which was up 7.2% from the same period of 2023, according to Statistics Estonia, The Baltic Guide reports. Wage growth has slowed down over the last four quarters. The average wage was highest in Tallinn (EUR 2,339), Harjumaa…
Air quality in the capital cities of the three Baltic States is best in Estonia’s Tallinn and worst in Latvia’s Riga, according to a new study by the European Environment Agency (EEA), LSM reports. Tallinn ranked 9th out of altogether 372 cities in Europe with “good” air quality that is better than the World Health…