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…
Gross domestic expenditure on research and development (R&D) in relation to GDP in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. R&D spending amounted to 1.99% of GDP in Estonia in 2024, which was up from 1.41% in 2014. Meanwhile, R&D expenditure stood at 1.04% (1.03%) of GDP…
Lithuania’s real GDP totalled EUR 84bn at current prices in 2025, which was up 2.7% from 2024, according to seasonally and calendar-adjusted data from the State Data Agency (VDA), BNS reported. According to unadjusted data, the country’s GDP rose by 2.8% on year. Gross value added grew by 3.2% in industry, 3% in services, 2.1%…
Lithuania’s GDP will grow by 2.5% in 2025, according to the Bank of Lithuania’s latest forecast, ELTA reports. In September 2025, the central bank projected that the country’s economy would grow by 2.7% in 2025. The bank now expects the GDP to rise by 3.2% in 2026, by 2.3% in 2027, and by 3.0% in…
The number of housing transactions in Latvia increased by around 20% in the first three quarters of 2025, compared to the same period of 2024, according to real estate agency Latio, LETA reported. The data showed that it took an average of 47 days to sell a home at market price in December 2025, which…
