Banks in Estonia generated an aggregate profit of EUR 539mn in the first nine months of 2026, which was up around EUR 42mn (9%) from the same period of 2025, according to data from the Bank of Estonia, ERR reports. Kristjan Mäe, economist at the Bank of Estonia, said that the increase in bank profits…
Lithuania’s GDP totalled EUR 24.4bn at current prices in the third quarter of 2026, according to the State Data Agency’s (VDA) first estimate, BNS reports. Compared to the same period of 2025, the seasonally and working-day adjusted GDP rose by 2.3%. However, compared to the second quarter of 2026, the GDP contracted by 1.0%. Construction,…
Estonia’s GDP growth reached 2.2% in the third quarter of 2026 compared to the same period of 2025, according to Statistics Estonia’s flash estimate, ERR reported. Compared with the second quarter of 2026, the seasonally and working-day adjusted GDP grew by 0.6%. Robert Müürsepp, national accounts service manager at Statistics Estonia, said that several indicators…
Consumer confidence in Estonia declined sharply while overall business confidence improved in October 2026, according to Statistics Estonia, ERR reports. The consumer confidence index stood at -32.4 percentage points, which was down from -23.5 points in September 2026. The confidence of Estonian consumers in their own financial situation and the country’s general economic situation decreased…
An overwhelming majority of Lithuanians think that the current situation in the country is heading in the wrong direction, according to Baltijos Tyrimai’s latest poll for ELTA, DELFI reports. The public opinion survey showed that 62% of Lithuanian residents were pessimistic about the country’s situation in September-October 2026. Meanwhile, 23% of respondents said that the…
Income inequality in Latvia and Lithuania was among the highest in the EU in 2025, according to Eurostat data, LSM reported. Latvia’s Gini coefficient, which measures wealth distribution, stood at 35.6, which was up from 34.2 in 2024 and the second-highest in the entire EU. Lithuania’s Gini coefficient was the EU’s third-highest at 35.5 in…
Estonia’s annual GDP growth will reach around 2.5% in 2026, 2027, and 2028, the Bank of Estonia forecasts, Estonian World reports. The country’s economic recovery is driven by increased household consumption following tax changes, higher government spending financed by borrowing, and stronger manufacturing exports. The central bank urged to boost productivity and competitiveness. The biggest…
The chairman of Estonia’s national-conservative opposition party, Fatherland, Urmas Reinsalu, signalled major changes in economic policy after the parliamentary elections in March 2027, ERR reports. He said that the current government had failed to manage state finances and argued that government operating costs should have been cut more. Fatherland’s first task therefore was to fix…
Latvia was hit by the strongest storm since 1966 on the night of 22-23 August 2026, LSM reported. Wind speeds exceeded 30 mps in some areas, according to the Latvian Environment, Geology and Meteorology Centre (LVGMC), LETA reported. Several injuries and one fatality were recorded. Electricity distributor Sadales Tikls reported that the storm cut power…
