House prices in the Baltic States rose the most in Lithuania in the first quarter of 2024, according to Eurostat data, LSM reports. Compared to the first quarter of 2023, house prices increased by 9.9% in Lithuania, 7.8% in Estonia, and 3.7% in Latvia. Compared to the fourth quarter of 2023, house prices went up…
A recent study reveals a significant increase in the occurrence of heat waves in the Baltic States, particularly Estonia, over the past 30 years, ERR reports. Using data from 40 weather stations in 1951-2021, the study assessed changes in heat waves using five common indices: Number, duration, total days, amplitude, and magnitude, showing a marked…
Defence spending as a percentage of GDP in the Baltic States is among the highest in NATO, according to the Tallinn-based International Centre for Defence and Security (ICDS), LSM reports. The study shows that Estonia’s overall defence expenditure amounts to 3.43% of GDP, which is third-highest in NATO after Poland (4.12%) and the US (3.72%)….
The planned synchronisation of the Baltic electricity grids with Western Europe in February 2025 will slightly increase electricity prices for consumers, according to Lithuanian Energy Minister Dainius Kreivys, BNS reports. The impact on prices will be minimal, around a few percent, he said. Lithuanian power grid operator Litgrid estimates that the synchronisation will cost consumers…
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%.
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…
The ruling coalition in Latvia will review contracts and rising costs of the Rail Baltica railway project before approving any related payments, LETA reports. Following an audit of the project, the Ministry of Transport has turned to the Prosecution Office. The audit estimated that the total cost of the project had risen to EUR 23.8bn….
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…
An agreement on the automatic recognition of degrees of higher education between the Benelux and Baltic countries came into effect as of 1 May 2024, BNS reports. The agreement facilitates academic mobility and promotes university cooperation between the six countries. The agreement attests that the quality of national higher education systems is reliable.