Lithuania’s insurance market totalled EUR 1.73bn in terms of premiums written in 2025, which was up 9.2% from 2024, according to data from the Bank of Lithuania, Baltic News reports. Non-life insurance premiums amounted to EUR 1.339bn (up 10.2%) and life insurance premiums to EUR 391mn (up 5.7%). Insurers paid a total of EUR 927mn…
Estonia’s GDP rose by 1.3% in the first quarter of 2026, compared to the same period of 2025, according to Statistics Estonia’s flash estimate, BNS reported. Compared to the fourth quarter of 2025, seasonally and working-day adjusted GDP rose by 0.6%. Robert Müürsepp, national accounts service manager at Statistics Estonia, noted that there were several…
Most Estonians support the re-election of President Alar Karis for a second term in office, according to a new Norstat poll for the Institute for Societal Research (YI), Baltic News reports. The survey conducted in early March 2026 shows that 70% of respondents support and 17% oppose electing Karis for a second term. He is…
Several Ukrainian strike drones have crashed in the three Baltic States and Finland as Ukraine is attacking Russia’s oil and gas infrastructure, Baltic News and YLE reported. The drones are targeting oil and gas terminals and other infrastructure at Russia’s ports on the Gulf of Finland and the Kirishi oil refinery. One of the stray…
Companies in the Baltic States issued an all-time record of EUR 6.68bn in bonds in 2025, which was an increase of more than double from 2024, The Baltic Times reported. The volume of local bonds issued totalled EUR 1.37bn, which was up 42% over a year. The number of Baltic companies issuing bonds reached a…
A consortium led by US-based JPMorgan will advise on the Latvian state’s buyout of Swedish telecommunications group Telia’s shares in the Latvian telecommunications companies, Tet and Latvijas Mobilais Telefons (LMT), BNS reports. Under the agreement, the consortium, which besides JPMorgan includes A&O Shearman, Deloitte, Hardiman Telecommunications, TEGOS, and WALLESS, will advise Latvia’s state-owned energy group, Latvenergo,…
Russia continued to pose the most significant threat to Latvia’s national security in 2025, according to the State Security Service’s (VDD) new report, BNS reports. VDD pointed to Russia’s actions to damage infrastructure, aggressive intelligence activities, and psychological operations to influence public opinion in Latvia. VDD expects Russia to continue its “intensive, systematic, and aggressive…
The number of housing transactions in Latvia increased by around 20% in the first three quarters of 2025, compared to the same period of 2024, according to real estate agency Latio, LETA reported. The data showed that it took an average of 47 days to sell a home at market price in December 2025, which…
Latvia’s Riga Regional Court has overturned a lower court ruling in a bribery case involving the state-owned railway company, Latvijas Dzelzcels (LDz), BNS reports. The court found LDz’s former CEO, Ugis Magonis, and Estonian businessman Oleg Ossinovski guilty of bribery, sentencing Magonis to 2.5 years in prison and Ossinovski to a fine of EUR 151,700….