Estonia’s GDP rose by 2.1% in the second quarter of 2026, compared to the same period of 2025, according to Statistics Estonia’s flash estimate, ERR reported. Compared to the first quarter of 2026, the seasonally and working-day adjusted GDP rose by 0.4%. Tõnu Mertsina, chief economist at Swedbank, said that current estimates showed that Estonia’s…
Lithuania’s budget deficit was the smallest in the Baltic States in the first quarter of 2026, according to Eurostat data, BNS reported. Lithuania’s budget deficit stood at 0.9% of GDP, which was down from 1.7% in the fourth quarter of 2025. Estonia’s budget deficit amounted 1.2% (1.3%) and Latvia’s to 1.9% (2.4%) of GDP. Meanwhile,…
Hackers have stolen large amounts of sensitive data from Latvia’s state forest management company, Latvijas Valsts Mezi (LVM), LETA reports. Baiba Kaskina, head of Latvia’s Cyber Incident Response Institution (CERT.LV), suggested that that the attack appeared to have been commercially motivated, LSM reported. A foreign ransomware group has claimed responsibility for the attack. Prime Minister…
Hourly labour costs in the Baltic States rose the fastest in Lithuania in the first quarter of 2026, according to Eurostat data, ELTA reported. Nominal hourly labour costs in the whole economy rose by 8.6% in Lithuania, 6.2% in Estonia, and 2.3% in Latvia from the first quarter of 2025. Hourly wage costs alone went…
The chairman of the Social Democratic Party of Lithuania (LSDP), Mindaugas Sinkevicius, confirmed that he would assume the post of prime minister in a new coalition government, ELTA reports. He will replace incumbent Prime Minister Inga Ruginiene, who was appointed in August 2025. Currently, Sinkevicius serves as the mayor of the Jonava district municipality. He…
The number of marriages registered in Estonia totalled 5,998 in 2025, which was 363 fewer than in 2024, according to data from Statistics Estonia, ERR reported. The number of new marriages was the lowest since 2012. The first-marriage rate was 0.45 for men and 0.52 for women. The average age at first marriage was 31.8…
Latvia’s foreign trade turnover totalled EUR 15.01bn at current prices in the first four months of 2026, which was up EUR 589.1mn (4.1%) from the same period of 2025, according to the Central Statistical Bureau’s (CSP) provisional data, LSM reported. The total value of goods exports amounted to EUR 6.94bn (up 2.2%) and imports to…
Estonia’s exports of goods totalled almost EUR 1.8bn at current prices in April 2026, which was up 13% from the same period of 2025, according to Statistics Estonia, ERR reports. Exports of goods of Estonian origin rose by 10%, accounting for 61% of total exports. Re-exports increased by 19% over a year. Meanwhile, imports of…
Employment in Lithuania rose at the fastest pace in the entire EU in the first quarter of 2026, according to Eurostat data, ELTA reported. Lithuania’s employment rate rose by 1.8% over a quarter. Meanwhile, employment in Estonia rose by 0.9% and in Latvia by just 0.1%. However, compared to the first quarter of 2025, the…
