Estonia hopes to receive around EUR 6bn more from than it pays to the EU’s budget for 2028-2034, Finance Minister Jürgen Ligi said, ERR reports. Under the current budget proposal, Estonia would contribute EUR 4.8bn to the EU’s next multiannual financial framework. Estonia’s national allocation would amount to EUR 6.5bn and funds awarded competitively to…
Estonia’s Tallinn Airport will expand its passenger terminal by building around 16,500 m2 of new premises, BNS reports. In addition, the airport will reconstruct over 18,000 m2 of existing areas in the terminal. After the expansion, the passenger terminal’s total floor area will reach 52,500 m2, ERR reports. The airport’s current terminal was designed to…
Latvia’s state real estate management company, Valsts Nekustamie Ipasumi (VNI), plans to complete the construction of a fence along the full stretch of the country’s border with Russia by the end of 2025, LSM reports. Only around 6 kilometres of the fence remains to be built in areas of difficult terrain along the border. VNI…
A rail link to the Latvian capital, Riga, is planned to be built in the second phase of the Rail Baltica railway project, Marko Kivila, CEO of the Baltic joint venture, RB Rail, told LETA. He noted that the Baltic States had not agreed on a timetable for the second phase yet. There would be…
Lithuanian news outlet DELFI hosted its inaugural Most Influential People awards in Vilnius on 2 October 2025, ELTA reports. President Gitanas Nauseda won the award for the most influential politician. Other winners included journalist Edmundas Jakilaitis (media), construction entrepreneur Arvydas Avulis (business), public commentator Andrius Tapinas, Prosecutor General Nida Grunskiene (civil service), and discus thrower…
The Latvian parliament, the Saeima, has approved in final reading a law on setting up anti-mobility infrastructure along the country’s eastern border, LSM reports. Altogether 75 MPs voted in favour and 12 against the law. Latvia will build anti-tank ditches, obstacles, storage facilities, and other technical solutions over an area of around 2,000 hectares in…
The three Baltic States must agree on a new financing model for the Baltic joint venture, RB Rail, which manages the Rail Baltica railway project, CEO Marko Kivila and CFO Ojars Daugavietis stressed, LETA reports. Kivila noted that RB Rail’s budget remains largely unchanged in 2025, and that the company has therefore halted hiring and…
The taxable value of real estate property in Lithuania has increased by 90% since the beginning of 2021, according to an assessment by the Centre of Registers, BNS reports. The tax value of residential property has roughly doubled, while the value of other real estate has increased by 60-100% over five years. Property values have…
Business sentiment in Latvia improved in all economic sectors in September 2025, according to the Central Statistical Bureau’s (CSP) latest survey, LSM reports. The business confidence indicator was 4.8% in retail trade, which was up 1.5 percentage points from August 2025. Business confidence stood at 1.7% in services (up 1.3 points), negative 3.5% in manufacturing…