The international credit rating agency, Fitch Ratings, has affirmed Lithuania’s long-term foreign-currency issuer default rating at A+ with a stable outlook, the Finance Ministry announced, BNS reports. The agency pointed to Lithuania’s credible policy framework, EU and eurozone membership, resilient economic growth, moderate government debt, and high institutional quality. Risks were related to the current…
Latvia’s state budget for 2027 will implement a policy of austerity, control, and reform, Finance Minister Maris Kucinskis announced, LSM reports. Speaking in an interview with Latvijas Radio, Kucinskis said that the government would freeze budget spending and public sector wages. At the same time, the government did not intend to raise taxes in 2027,…
The Lithuanian government has approved the draft state budget for 2027, BNS reports. Budget revenue, including EU funds, is expected at nearly EUR 22.2bn, which would be up 5.2% from 2026, BNS reports. Budget spending will total EUR 27.9bn, up 1.3% over a year. The State Social Insurance Fund’s (SoDra) revenue is projected at nearly…
Latvia’s state-owned railway company, Latvijas Dzelzcels (LDz), has signed an agreement with the Finance Ministry’s Central Finance and Contracts Agency (CFLA) on a project to build a new railway line to Riga International Airport, LSM reports. Under the contract, LDz and state-owned Eiropas Dzelzcela Linijas (EDZL) plan to build a new branch line from the…
European credit rating agency Scope Ratings has affirmed Lithuania’s long-term credit rating at A+ with a stable outlook, the Finance Ministry announced, BNS reports. The agency pointed to Lithuania’s resilient and increasingly diversified economy, sound public finances, and strong institutional framework. Also, rapid economic growth and greater macroeconomic resilience were raising income levels in Lithuania,…
Estonia’s annual inflation may drop below 4% in 2026, the Ministry of Finance forecasts, ERR reports. Kristjan Pungas, economic analyst at the ministry’s fiscal policy department, linked the projection to the easing of the conflict in the Middle East. He noted that Estonia’s inflation rate was one of the lowest in the eurozone in June…
Latvia’s central bank and the country’s Finance Ministry have both lowered their GDP growth forecasts and raised their inflation forecasts. Latvia’s GDP growth will drop to 2.0% in 2026, before rising to 2.4% in 2027 and 3.0% in 2028, according to the Bank of Latvia’s latest macroeconomic projection. In December 2025, the central bank had…
The Latvian parliament, the Saeima, has approved amendments extending a reduced excise tax rate on diesel fuel until the end of 2026, LSM reports. The diesel tax was lowered from EUR 467 to EUR 396 per 1,000 litres and for marked diesel fuel used in agriculture from EUR 70 to EUR 21 per 1,000 litres…
Estonia’s consumer price index rose by 3.7% on year in May 2026, according to Statistics Estonia, ERR reported. Consumer prices of goods rose by 3.1% and services by 4.6%. The increase in prices was influenced the most by a 10.4% rise in transport costs and 5.4% rise in housing-related costs, both driven up by higher…
