The Latvian parliament, the Saeima, has approved amendments extending a reduced excise tax rate on diesel fuel until the end of 2026, LSM reports. The diesel tax was lowered from EUR 467 to EUR 396 per 1,000 litres and for marked diesel fuel used in agriculture from EUR 70 to EUR 21 per 1,000 litres…
Three parliamentary groups in Lithuania will sign an agreement on forming a new coalition government on 18 June 2026, BNS reports. The coalition will consist of the Social Democratic Party of Lithuania (LSDP), the Union of Democrats for Lithuania (DSVL), and the joint parliamentary group of the Lithuanian Union of Farmers and Greens (LVZS) and…
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…
Four political groups in Latvia have agreed on the programme of a new coalition government and the distribution of ministerial portfolios, LSM reports. The United List’s MP, Andris Kulbergs, will serve as prime minister, and the party alliance will also hold the posts of ministers of finance, justice, and regional development. Outgoing Prime Minister Evika…
The average price of agricultural land in Estonia was EUR 6,122 per hectare in 2025, which was down 9.7% from EUR 6,782 in 2024, according to Statistics Estonia, ERR reports. The price drop was due to a lack of large transactions. The average price of grassland stood at EUR 4,861 and arable land at EUR…
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…
The Latvian parliament, the Saeima, has extended a ban on the import of agricultural and animal feed products from Russia and Belarus until 1 July 2027, LSM reports. Latvia banned the import of certain agricultural products from the two aggressor states in March 2024. The ban applies to products originating from Russia or Belarus that…
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
Lithuania’s real GDP totalled EUR 84bn at current prices in 2025, which was up 2.7% from 2024, according to seasonally and calendar-adjusted data from the State Data Agency (VDA), BNS reported. According to unadjusted data, the country’s GDP rose by 2.8% on year. Gross value added grew by 3.2% in industry, 3% in services, 2.1%…