Estonia’s consumer price index (CPI) rose by 9.2% in 2023, compared to the year before, according to Statistics Estonia, ERR reports. The rise of food and non-alcoholic beverages accounted for almost two fifths of the overall rise in consumer prices. Meanwhile, petrol prices dropped by 7.4% and diesel fuel prices by 10.7% over a year….
Retailers in Estonia expect declining sales in the first half of 2024 amid lower consumer confidence, ERR reports. Many consumers plan to go shopping in neighbouring countries due to the rise in the VAT rate from 20% to 22% as of 1 January 2024, according to a Norstat poll for Citadele bank, BNS reports. The…
The share of renewable sources in total energy consumption in the Baltic States was highest in Latvia in 2022, LSM reports. Eurostat data showed that 43.3% of Latvia’s gross final energy consumption came from renewable sources in 2022, which was up from 42.1% in 2021. Estonia came in second with 38.5% (37.4%), followed by Lithuania…
Six European gas transmission system operators, including Gasgrid Finland, Estonia’s Elering, Latvia’s Conexus Baltic Grid, Lithuania’s Amber Grid, Poland’s Gaz-System, and Germany’s ONTRAS, have signed a contract with AFRY Management Consulting for a pre-feasibility study on the Nordic-Baltic Hydrogen Corridor, The Baltic Times reports. The project aims to develop cross-border hydrogen transmission infrastructure from Finland…
Lithuania experienced its least sunny month on record in December 2023, with an average of only 8.7 hours of sunshine, less than a third of the usual amount, LRT reports. This surpassed the previous record of 9.9 hours set in December 2018, according to the Lithuanian Hydrometeorological Service (LHMT). Vilnius only registered 2.9 hours and…
Half of Latvia’s population think that adopting the euro in 2014 was a good idea, according to a Norstat poll for LSM. The survey showed that 51% of Latvian residents believe that switching to the EU’s official currency was a good decision. Younger individuals were more likely to support the euro, while the more elderly…
More than a third of Latvian residents believe that 2024 will be financially better for them than 2023, according to a Norstat poll for Luminor Bank, Baltic News Network reports. The survey showed that 38% of residents expect this year to be financially better than last year. Young people aged 18-29 years are particularly optimistic,…
Estonian Prime Minister Kaja Kallas, who chairs the ruling Estonian Reform Party, expressed her will to remain as prime minister for four years, ERR reported. In an interview with Maaleht, Kallas said that she wanted to see the positive results of her government’s challenging decisions rather than just face criticism. Kallas dismissed rumours about running…
The minimum wage rose in all three Baltic States as of 1 January 2024, WageIndicator reported. The highest minimum monthly gross wage is in Lithuania, rising from EUR 840 in 2023 to EUR 924 in 2024. In Estonia, the minimum wage went up from EUR 725 to EUR 820 per month. Latvia has the lowest…
