Estonia’s annual GDP growth will reach around 2.5% in 2026, 2027, and 2028, the Bank of Estonia forecasts, Estonian World reports. The country’s economic recovery is driven by increased household consumption following tax changes, higher government spending financed by borrowing, and stronger manufacturing exports. The central bank urged to boost productivity and competitiveness. The biggest…
The Estonian government has approved amendments to the law regulating the operations of the country’s public broadcaster, Eesti Rahvusringhääling (ERR), ERR reports. Culture Minister Heidy Purga said that the changes would bring the law into line with EU regulations. The amendments would introduce a four-year funding agreement for ERR and fixed-term contracts for editorial management….
The chairman of Estonia’s national-conservative opposition party, Fatherland, Urmas Reinsalu, signalled major changes in economic policy after the parliamentary elections in March 2027, ERR reports. He said that the current government had failed to manage state finances and argued that government operating costs should have been cut more. Fatherland’s first task therefore was to fix…
The EU should cover costs related to confronting Russia, Latvian Prime Minister Andris Kulbergs stated, Politico reports. He said that the EU should grant an additional EUR 7bn from its next multi-annual budget to compensate for Latvia’s higher defence spending and loss of trade with Russia. Latvia’s projected defence spending over the seven-year budget period…
Estonia’s non-parliamentary opposition party, Right-Wingers, has re-elected Lavly Perling as its chairwoman, ERR reported. She was the only candidate to the post. In her acceptance speech, Perling said that “painful decisions” were needed for Estonia not to lose the right to make decisions over its state finances. She insisted that state spending be frozen and…
European credit rating agency Scope Ratings has affirmed Lithuania’s long-term credit rating at A+ with a stable outlook, the Finance Ministry announced, BNS reports. The agency pointed to Lithuania’s resilient and increasingly diversified economy, sound public finances, and strong institutional framework. Also, rapid economic growth and greater macroeconomic resilience were raising income levels in Lithuania,…
Latvia has failed to reach targets set in the country’s addiction prevention plan for 2023-2025, the Ministry of Health announced, LETA reported. The ministry’s evaluation report attributed the incomplete implementation of the plan to the lack of government budget funding. The plan included 35 measures to reduce alcohol and drug use, of which 19 were…
Political parties in Lithuania are discussing the possibility of signing a new cross-party agreement on national defence, LRT reports. Opposition parties are pushing for a commitment to maintain defence spending above 5% of GDP after 2030. However, the ruling Social Democratic Party of Lithuania (LSDP) insists that there is no need for such an agreement….
Estonia has signed an agreement with the European Commission on up to EUR 2.34bn in long-term loans for defence investments through the EU’s Security Action for Europe (SAFE) programme, ERR reports. Under the agreement, the loan period will be 45 years. The Ministry of Defence will use the SAFE funding to acquire air defence capabilities,…
