Estonia’s real GDP will grow by 2.3% in 2026 and by 2.5% in 2027, according to the Ministry of Finance’s latest economic forecast, ERR reports. In subsequent years, the ministry expects the country’s GDP growth to slow down slightly. Finance Minister Jürgen Ligi noted that security and uncertainty were the prevailing factors at the moment….
Lithuania’s Central Electoral Commission (VRK) has allocated EUR 2.5mn of state funding to ten political parties, BNS reports. The ruling Social Democratic Party of Lithuania (LSDP) received EUR 662,700 and the main opposition party, Homeland Union, EUR 612,000. VRK suspended funding for the far-right coalition party, Dawn of Nemunas (PPNA), due to serious violations of…
The Latvian government has proposed granting a short-term loan of EUR 30mn to the national air carrier, airBaltic, due to the rapid rise in fuel prices, LSM reports. Speaking in an interview with LTV, Prime Minister Evika Silina admitted that the company may need more state support later, however. Earlier, airBaltic estimated that it would…
Estonian capital Tallinn’s city council has approved the city budget for 2026, ERR reports. Total revenues are planned at EUR 1.2bn, including EUR 781.2mn from personal income tax, EUR 188.3mn in state and other grants, EUR 112.4mn from the sale of goods and services, EUR 36.4mn from land tax, and EUR 9.5mn from external funding….
Latvia’s Corruption Prevention and Combating Bureau (KNAB) has questioned more than 60 people as part of a criminal investigation into the implementation of the Rail Baltica railway project, LETA reports. The Prosecutor General’s Office initiated criminal proceedings over possible unlawful actions by officials responsible for the project back in December 2024. The officials, including politicians,…
Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
Latvia’s GDP will grow by 1.7% in 2025, according to the Bank of Latvia’s revised macroeconomic forecast, LSM reports. In June 2025, the central bank projected 1.2% GDP growth in 2025. The new forecast expects economic growth to accelerate thanks to increased domestic and external demand. The GDP will grow by 2.8% in 2026, by…
Estonia’s GDP will grow by 3.6% in 2026, but economic growth will slow down to 2.5% by 2028, according to the Bank of Estonia’s latest forecast, ERR reports. Growth in 2026 will be driven by increased exports and government stimulus, the central bank said. The general government budget deficit will be the largest in 30…
Leaders of the three Baltic States took part in the first Eastern Flank Summit, which was organised by Finnish Prime Minister Petteri Orpo, LETA reported. The summit was also attended by leaders from Bulgaria, Poland, Romania, and Sweden as well as EU defence commissioner Andrius Kubilius. Estonian Prime Minister Kristen Michal noted that Europe’s eastern…