Estonia’s GDP totalled EUR 10.5bn at current prices in the third quarter of 2025, which was up 0.9% from the same period of 2024, according to data from Statistics Estonia, ERR reported. Compared to the second quarter of 2025, seasonally and working-day adjusted GDP rose by 0.4%. Value added in the energy sector rose by…
Latvia’s average monthly gross wage amounted to EUR 1,835 in the third quarter of 2025, which was up 7.8% from the same period of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. The average wage rose by 8.1% in the private sector and 7.1% in the public sector. The average hourly…
Estonia expects European Commission President Ursula von der Leyen to propose a solution this week to use frozen Russian assets to help Ukraine, Foreign Minister Margus Tsahkna stated, ERR reports. He noted that a legal solution already existed to provide guarantees to Belgium against claims from Russia. Tsahkna insisted that there was no need for…
The international credit rating agency, S&P Global, has affirmed Latvia’s sovereign credit rating at A/A-1 with a stable outlook, unchanged from its previous report in May 2025, LSM reports. The agency noted persistent geopolitical uncertainty and elevated regional security risks, but expects Latvia to adhere to prudent fiscal policy and to withstand external headwinds in…
Estonia ranks the highest in the Baltic States on the World Intellectual Property Organization’s (WIPO) Global Innovation Index in 2025, Labs of Latvia reports. Estonia ranks 16th on the global index, followed by Lithuania on 33rd place and Latvia on 41st place. The Global Innovation Index ranks the world’s 139 most innovative economies based on…
Estonia’s consumer price index (CPI) rose by 5.2% on year in September 2025, driven mostly by a 7.7% increase in food prices, according to Statistics Estonia, ERR reported. Prices for goods rose by 2.8% and services by 8.9%. Compared to August 2025, the CPI fell by 1.1%. This was the first time that the CPI…
Estonia needs more skilled foreign labour, Hando Sutter, CEO of the Estonian Employers’ Confederation (ETK), stated, ERR reports. Speaking on ETV, Sutter noted that Estonia’s employment rate was now one of the highest in history. At the same time, the number of births was likely to be the lowest in 100 years in 2025, he…
Industrial production in the Baltic States increased the most in Latvia in August 2025, compared to a year earlier. In Estonia, the total production of industrial enterprises increased by 1%, compared to August 2024, according to Statistics Estonia’s data, ERR reported. Output rose by 2.5% in manufacturing and 0.7% in mining but dropped by 20.7%…
Employer and trade union groups in Estonia have begun talks on raising the minimum wage, ERR reports. Under an agreement signed in 2022, the minimum wage was to rise to 50% of the average wage by 2027. The monthly minimum wage would thus increase by about EUR 100 to just under EUR 1,000 in 2026….