Russia has closed several railway checkpoints on the borders with Finland, Estonia, and Latvia as of 1 July 2026, The Baltic Times reports. The official notice indicated no end date or reason for the closure. The order applies to the Lyttä, Värtsilä, and Svetogorsk (Enso) checkpoints on Russia’s border with Finland, the Pechory (Petseri) checkpoint…
Latvia’s foreign trade turnover totalled EUR 15.01bn at current prices in the first four months of 2026, which was up EUR 589.1mn (4.1%) from the same period of 2025, according to the Central Statistical Bureau’s (CSP) provisional data, LSM reported. The total value of goods exports amounted to EUR 6.94bn (up 2.2%) and imports to…
Estonia’s exports of goods totalled almost EUR 1.8bn at current prices in April 2026, which was up 13% from the same period of 2025, according to Statistics Estonia, ERR reports. Exports of goods of Estonian origin rose by 10%, accounting for 61% of total exports. Re-exports increased by 19% over a year. Meanwhile, imports of…
The International Monetary Fund (IMF) recommended that the Estonian government stabilise public debt by limiting budget spending and increasing revenue, ERR reports. IMF experts warned that if current policies continued, public debt would become unsustainable. GDP growth alone will not solve the country’s long-term challenges, they pointed out. Achieving more sustainable growth would require increasing…
Estonia’s industrial production output declined by 3.8% on year in April 2026, according to data from Statistics Estonia, ERR reported. Output increased by 14.3% in mining, but decreased by 14.9% in energy production and by 3.2% in manufacturing. Compared to March 2026, industrial production grew by 1.2%. Riin Kadarik, leading analyst at Statistics Estonia, noted…
Latvia’s industrial production output increased by 7.0% in April 2026, compared to the same period of 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reported. Output in manufacturing rose by 6.8% and in electricity and gas supply by 12.1%, while output in mining and quarrying fell by 8.3% over…
Estonia’s exports of services totalled nearly EUR 3.3bn in the first quarter of 2026, which was up 4% from the same period of 2025, according to data from Statistics Estonia and the Bank of Estonia. Imports of services totalled around EUR 2.5bn, which was unchanged over a year. Estonia’s trade balance in services showed a…
The European Bank for Reconstruction and Development (EBRD) has lowered its GDP growth forecasts for all three Baltic States in both 2026 and 2027, LETA reports. The bank now projects that Estonia’s GDP will grow by 2.1% in 2026 and 2.3% in 2027. In February 2026, the bank’s GDP growth forecast for Estonia was 2.2%…
Latvia’s State Revenue Service (VID) has awarded the country’s largest corporate taxpayers in 2025, Baltic News reports. The largest taxpayer in the Riga region was global technology consulting company Accenture’s Latvian branch. Latvian industrial holding UPB was the largest taxpayer in Kurzeme, while optical fiber manufacturer Light Guide Optics International (Lightguide) was the largest taxpayer…