The wealth of Estonian households has increased significantly, while wealth inequality has remained relatively stable over 2013-2024, according to the Bank of Estonia and Statistics Estonia, ERR reports. The household finance and consumption surveys showed that the median household had net wealth of EUR 103,300 in 2024, which was up more than double from EUR…
The European Commission has approved an additional EUR 153mn in funding for Lithuania under the EU’s Recovery and Resilience Facility (RRF), BNS reports. The funds are due to be disbursed in July 2026. So far, Lithuania has received EUR 2.69bn under its national recovery plan. Lithuania will submit its final RRF payment request in September…
The Estonian government has issued EUR 1bn worth of bonds to cover the state budget deficit and to provide more liquidity, ERR reports. The bonds mature in May 2036 and carry a yield to maturity of 3.609%. More than 100 investors, mostly banks, pension funds, and European investment funds, subscribed to over EUR 2.2bn in…
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….
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…
The Lithuanian parliament, the Seimas, has approved the state budget for 2026 with 80 votes for, 39 against, and 7 abstentions, BNS reports. Under the budget, annual revenues, including EU funds, will amount to EUR 21.07bn and expenditures to EUR 27.51bn. The government’s net borrowing limit has been increased to EUR 7.79bn, ELTA reports. The…
The Estonian parliament, the Riigikogu, has approved the state budget for 2026 with 51 MPs voting for and 37 against, ERR reports. The government estimates annual budget revenue at EUR 18.6bn and expenditure at EUR 19.5bn. Investments will total EUR 1.3bn, which will be 45% more than in 2025. Then government expects tax revenues to…
The Latvian government will need to borrow EUR 3.8bn on international financial markets in 2026 and EUR 4.3bn in 2027, according to Janis Rozenbergs, deputy manager of the State Treasury, LETA reports. He told the budget and finance committee of the Latvian parliament, the Saeima, that the government needed around EUR 2bn per year to…
