Unemployment in the Baltic States was highest in Lithuania in May 2024, according to Eurostat data, LETA reports. The unemployment rate stood at 7.7% in Lithuania, 7.4% in Estonia, and 6.7% in Latvia. The EU average was 6%.
Estonia’s consumer price index rose by 2.8% on year in June 2024, according to preliminary data from Statistics Estonia, ERR reports. Compared to May 2024, consumer prices rose by 0.5%. In May 2024, the annual inflation rate stood at 2.9%. In 2023, annual inflation was 9.%.
The Estonian Defence Ministry has proposed allowing foreign citizens to take part in Estonia’s national defence, military training, and activities of the Estonian Defence League (Kaitseliit) volunteer corps, BNS reports. The proposed changes would allow foreign nationals to enter into contracts with Estonian defence forces for both peacetime and wartime roles. Currently, foreign nationals can…
Estonia’s raw milk production per dairy cow rose by 5% in 2023 from the year before, which was the highest increase in 31 years, according to a report from the European Commission, ERR reports. In terms of milk production per cow, Estonian farms are second only to Denmark in the EU, Tanel-Taavi Bulitko, CEO of…
Lithuanian fashion retail group Apranga Group posted a retail turnover (including VAT) of EUR 161.6mn in the first half of 2024, which was up 9.4% from the same period of 2023, GlobeNewswire reports. Sales in Lithuania amounted to EUR 96.4mn (up 7.5%), in Latvia to EUR 41.0mn (up 17.1%), and in Estonia to EUR 24.1mn (up…
Estonian mobility company Bolt posted revenue of EUR 1.7bn in 2023, which was up 37.4% from EUR 1.2bn in 2022, ERR reports. The company’s operating loss stood at EUR 94.3bn, compared to EUR 262.6mn a year earlier. However, annual net loss rose to EUR 91.9mn from EUR 72.2mn in 2022. Bolt offers taxi, delivery, and…
Estonian investment holding company Infortar has announced a voluntary takeover offer to acquire all remaining shares of shipping and tourism group Tallink Grupp for EUR 0.55 per share, GlobeNewswire reports. Infortar currently owns 46.76% of Tallink’s shares and seeks to acquire the remaining 53.24%. The offer period runs from 2 July 2024 to 5 August…
German Foreign Minister Annalena Baerbock accused Russia of conducting “hybrid attacks” against the Baltic States, Anadolu Agency reports. Speaking at a joint news conference with her visiting Latvian counterpart, Baiba Braze, Baerbock cited Russia’s GPS interference, disinformation campaigns, and removal of border buoys. She noted that Germany and NATO allies had increased their military presence…
Estonia could resist a Russian invasion for “a couple of weeks” before the arrival of NATO support, according to Colonel Mati Tikerpuu, commander of the 2nd Infantry Brigade of the Estonian Land Forces, Business Insider reports. Speaking in an interview with El País, Tikerpuu said that the time would be enough for allied reinforcements to…
