Home prices in Latvia rose by 1.9% in the fourth quarter of 2025 from the previous quarter, according to Eurostat data, LSM reports. Compared to the fourth quarter of 2024, housing prices increased by 11%. Residential property prices have risen by more than 120% and rental prices by more than 30% over ten years since…
The Latvian government is considering a windfall tax on fuel retailers, LETA reports. Under the proposal, fuel retailers would have to pay a solidarity tax if their actual retail price was more than 3% higher than the objectively calculated indicative retail price. Earlier, the government lowered the excise duty on diesel fuel temporarily until 30…
The municipal government of the Estonian capital, Tallinn, will draw up a new citywide development plan, ERR reports. The previous plan was completed in 2001. In the next 25 years, Tallinn did urban planning by city district. The new plan will focus on developing urban space, including transport networks, educational institution networks, and district centres. Tallinn’s…
The total production of industrial enterprises in Estonia decreased by 0.5% at constant prices over a year in February 2026, according to data from Statistics Estonia, ERR reports. Compared to January 2026, seasonally-adjusted total industrial production fell by 0.7% and manufacturing by 0.8%. Riin Kadarik, leading analyst at Statistics Estonia, said that the decrease was…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
Lithuania’s GDP will grow by 3.1% under a baseline scenario in 2026, according to the Bank of Lithuania’s latest forecast, ELTA reports. GDP growth will reach 2.0% in 2027 and 2.9% in 2028, the central bank projects. Under an adverse scenario, however, the country’s GDP growth will stand at 3.1% in 2026, at mere 1.6%…
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….
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
A majority of Estonians oppose foreign labour, according to a Norstat poll for the Institute for Societal Research (YI), ERR reports. The survey shows that 71% of respondents oppose and 19% support bringing in labour from outside the EU, while 52% oppose and 37% support labour from other EU countries. Also, 76% of respondents think…