Latvia’s foreign trade turnover totalled EUR 42.73bn in 2025, which was up EUR 2,198.7mn (5.4%) from 2024 at current prices, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The total value of exported goods amounted to EUR 19.54bn, which was up EUR 698.1mn (3.7%) from 2024. The value of goods imported…
Corruption remained considerably lower in Estonia than in Latvia and Lithuania in 2025, according to Transparency International’s Corruption Perceptions Index, ERR reports. Estonia ranked 12th on the index, which was up from 13th place in 2024, BNS reported. Meanwhile, Lithuania came in on 28th (32nd) and Latvia on 37th (38th) place, LSM reported. Estonia scored 76…
Latvia’s construction output rose by 9% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Construction of buildings increased by 1.2%, civil engineering structures by 25.7%, and specialised construction activities by 2.9%. In the fourth quarter of 2025, construction output increased by 9.9% from a…
Estonian Prime Minister Kristen Michal urged Latvia to complete its part of the Rail Baltica railway by 2030 as agreed, ERR reported. Michal said that Estonia would “kindly pressure” Latvia with the help of EU funding. Earlier, Maris Dzelme, board chairman of Eiropas Dzelzcela Linijas (EDZL), which manages the construction project in Latvia, said that…
Latvia’s industrial production output increased by 4.0% over a year in 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Output in manufacturing rose by 5.5% on year, but fell by 3.0% in electricity and gas supply and by 15.4% in mining and quarrying. The country’s manufacturing turnover increased…
Ghana’s Foreign Minister, Samuel Okudzeto Ablakwa, arrived on a two-day working visit to Latvia on 2 February 2026, LSM reported. Ablakwa said that the immediate reason for his visit was to discuss the circumstances surrounding the death of an 18-year-old Ghanaian student in Riga in June 2025, GhanaWeb reported. Also, Ablakwa informed his Latvian counterpart,…
Estonia’s Chancellor of Justice, Ülle Madise, has asked the Supreme Court to declare the country’s new car tax unconstitutional, ERR reports. Madise argued that current legislation was in conflict with the Constitution as it did not allow refunding the motor vehicle registration fee in exceptional cases, such as when the vehicle was stolen, destroyed, or…
Power plants in Estonia generated 3,619 GWh of electricity from renewable sources in 2025, which was up 7% from 2024, according to transmission system operator Elering, ERR reports. Renewable energy accounted for 68% of total electricity production and covered 41% of total electricity consumption in 2025. Electricity production from wind power amounted to 1,324 GWh…
Latvian monetary financial institutions (MFIs), mainly banks, generated an aggregate profit of EUR 341.7mn in 2025, which was down 34.5% from EUR 521.4mn in 2024, according to the Bank of Latvia, LETA reports. MFIs had assets totalling EUR 31.687bn at the end of 2025, which was up 5.9% from EUR 29.913bn a year earlier. The…