Estonia hopes to receive around EUR 6bn more from than it pays to the EU’s budget for 2028-2034, Finance Minister Jürgen Ligi said, ERR reports. Under the current budget proposal, Estonia would contribute EUR 4.8bn to the EU’s next multiannual financial framework. Estonia’s national allocation would amount to EUR 6.5bn and funds awarded competitively to…
The number of passengers using public transport in Latvia continued to rise in the first three quarters of 2025, according to data from the Central Statistical Bureau (CSP), LSM reports. Land transport carried a total of 143.4 million passengers in nine months, which was 1.1% more than a year earlier. The number of passengers using…
The Latvian parliament, the Saeima, has approved in final reading the state budget for 2026, LSM reports. Altogether 52 MPs voted for and 42 against the budget bill. This is the current coalition government’s third budget. The government foresees annual revenues of EUR 16.1bn, which would be EUR 944.6mn more than in 2025. Budget expenditures…
Estonia’s consumer price index (CPI) rose by 4.9% on year in November 2025, according to data from Statistics Estonia, ERR reports. Prices for services rose by 7.9% and for goods by 2.9% over a year. Compared to October 2025, the CPI dropped by 0.2%, however. Lauri Veski, team lead at Statistics Estonia, said that rising…
Latvia’s industrial production output increased by 8.8% in October 2025, compared to the same period of 2024, according to calendar-adjusted data from the Central Statistical Bureau (CSP), LSM reports. Output in electricity and gas supply rose by 10.1% and in manufacturing by 9.5%, but fell by 16.1% in mining and quarrying. Compared to September 2025,…
The Latvian parliament, the Saeima, has approved in final reading draft laws accompanying the state budget for 2026, LETA reports. MPs will now begin discussing the draft budget. The government’s budget priorities are national security, support for families with children, and high-quality education. Revenues are planned at EUR 16.1bn and expenditures at EUR 17.9bn. The…
Lithuania recorded the largest increase in net electricity generation in the EU over 2013-2023, according to data from Eurostat, LSM reports. Lithuania’s net electricity production rose by 28.2% in the ten-year period. Latvia recorded a slight increase in electricity generation as well. Meanwhile, Estonia’s electricity generation decreased by as much as 58.5% over the same…
The average monthly gross wage in Lithuania amounted to EUR 2,427.6 in the third quarter of 2025, which was up 8.5% from the same period of 2024, the State Data Agency (VDA) reported. The average net wage stood at EUR 1,484.4, which was up 7.8% over a year. Compared to the second quarter of 2025,…
Latvians are not buying homes due to high prices, insufficient savings and income, and economic uncertainty, according to a Norstat survey carried out for Luminor Bank in September 2025, LSM reports. The survey showed that 27% of Latvian residents cited high real estate prices as the main obstacle to buying a home. Another 24% of…