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…
Latvia’s GDP totalled EUR 9.9bn at current prices in the first quarter of 2026, according to data from the Central Statistical Bureau (CSP), LSM reported. Compared to the same period of 2025, the GDP rose by 2.5% at constant prices, according to seasonally and calendar non-adjusted data. Compared to the fourth quarter of 2025, the…
Estonia’s GDP totalled EUR 10.2bn at current prices in the first quarter of 2026, which was up 2.4% from the same period of 2025, according to Statistics Estonia, ERR reported. This was the fourth consecutive quarter of GDP growth and the first time that economic growth exceeded 2% since the first quarter of 2022. Value…
Lithuania’s State Security Department (VSD) has warned against proposals to resume transit shipments of Belarusian fertilisers through the port of Klaipeda, BNS reports. VSD director Remigijus Bridikis noted that such a move would contravene EU sanctions without reducing security threats posed by Belarus. He stressed that the Belarusian regime had not changed its policies of…
The US Department of State has sent a letter to Lithuania, Poland, and Ukraine, asking them to lift sanctions on Belarusian potash and allow transit shipments through their territories, RFE/RL reports. The letter stated that US companies were interested in buying Belarusian potash shipped via Baltic or Ukrainian ports so as to avoid Russian ports….
Lithuanian President Gitanas Nauseda denied that the US was pressuring Lithuania to reopen transit shipments of fertilisers from Belarus, BNS reported. He stressed that Belarusian fertilisers were under EU sanctions and insisted that there were no grounds to lift the sanctions. Earlier, Foreign Minister Kestutis Budrys told a closed-door meeting of the parliamentary group of…
Lithuania’s GDP will grow by 3.2% in 2026 and 2.1% in 2027, according to SEB Bank’s latest macroeconomic forecast, Lietuvos Rytas reports. The bank thus kept its GDP forecast unchanged from January 2026. The bank raised its projection for annual inflation in Lithuania to 5.7% in 2026 due to increased energy prices. In 2027, inflation…
Latvia’s foreign trade turnover totalled EUR 10.85bn at current prices in the first quarter of 2026, which was up EUR 113.8mn (1.1%) from the corresponding period of 2025, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The total value of exports amounted to EUR 4.97bn (down 1.7%) and of imports to…
