Estonia’s consumer price index rose by 3.7% on year in May 2026, according to Statistics Estonia, ERR reported. Consumer prices of goods rose by 3.1% and services by 4.6%. The increase in prices was influenced the most by a 10.4% rise in transport costs and 5.4% rise in housing-related costs, both driven up by higher…
Latvia’s State Treasury has raised EUR 1bn with a new bond issue on international financial markets, LSM reports. The government bonds have a maturity of seven years, carry a yield of 3.525%, and have a fixed coupon rate of 3.500%. The bonds were purchased by more than 70 investors, mostly European asset managers. Total investor…
Estonia’s harmonised index of consumer prices rose by 4% in May 2026 from a year earlier, according to Statistics Estonia’s preliminary estimate, ERR reports. Compared to April 2026, consumer prices rose by 0.9%. Lenno Uusküla, chief economist at Luminor, said that the rapid price increase was driven by higher energy and other commodity prices as…
Business sentiment in Latvia was positive in the retail and services sectors, but negative in manufacturing and construction in May 2026, according to the Central Statistical Bureau (CSP), LSM reports. The retail confidence indicator stood at 3.1%, which was up 1.5 percentage points from April 2026. In services, the seasonally adjusted confidence indicator was 1.6%,…
Estonia’s exports of services totalled nearly EUR 3.3bn in the first quarter of 2026, which was up 4% from the same period of 2025, according to data from Statistics Estonia and the Bank of Estonia. Imports of services totalled around EUR 2.5bn, which was unchanged over a year. Estonia’s trade balance in services showed a…
The European Bank for Reconstruction and Development (EBRD) has lowered its GDP growth forecasts for all three Baltic States in both 2026 and 2027, LETA reports. The bank now projects that Estonia’s GDP will grow by 2.1% in 2026 and 2.3% in 2027. In February 2026, the bank’s GDP growth forecast for Estonia was 2.2%…
The average monthly gross wage in Estonia amounted to EUR 2,135 in the first quarter of 2026, which was up 6.2% from the same period of 2025, according to Statistics Estonia, ERR reported. Wages increased in all counties, rising by 6.5% to EUR 2,538 in Tallinn, by 6.3% to EUR 2,405 in Harjumaa county, and…
The average monthly gross wage in Latvia amounted to EUR 1,831 in the first quarter of 2026, which was an increase of EUR 73 (4.2%) from the same period of 2025, according to provisional data from the Central Statistical Bureau (CSP), LSM reported. The average wage rose by 4.6% in the public sector and 4.1%…
Latvians and Lithuanians work longer hours than Estonians, according to Eurostat data, LSM reports. The average working hours for employed persons in both Latvia and Lithuania stood at 38.3 hours per week in 2024, compared to just 36.5 hours in Estonia. The EU average was 36.0 hours. For employees, average working hours were 38.6 hours…
