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…
Over a quarter of people in the Baltic States could not afford one week of annual holiday travel away from home in 2025, according to Eurostat data, LSM reports. In Lithuania, 30.9% of residents could not afford one week of holiday travel in 2025, which was down from 32.2% in 2024. The corresponding share was…
Banks in Estonia made a net profit of EUR 356mn in the first half of 2026, which was almost the same as a year earlier, according to Taavi Raudsaar, economist at the Bank of Estonia, Baltic News reported. The total loan portfolio of banks amounted to EUR 30.0bn, which was up by more than 8%…
Latvian banks reported combined profits of EUR 181.2mn in the first half of 2026, which was down 9.3% from EUR 199.7mn in the same period of 2025, according to data from the Bank of Latvia, LETA reports. The total assets of Latvia’s monetary financial institutions amounted to EUR 32.675bn at the end of June 2026,…
Estonia’s GDP growth will reach 2.4% in 2026 and remain close to 2.5% in 2027 and 2028, according to the Bank of Estonia’s latest forecast, ERR reports. In March 2026, the central bank had projected annual GDP growth of around 2.8%. Strong fiscal stimulus will boost economic growth in 2026, with increased household and public…
The number of marriages registered in Estonia totalled 5,998 in 2025, which was 363 fewer than in 2024, according to data from Statistics Estonia, ERR reported. The number of new marriages was the lowest since 2012. The first-marriage rate was 0.45 for men and 0.52 for women. The average age at first marriage was 31.8…
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 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…
The wealth of Estonian households has increased significantly, while wealth inequality has remained relatively stable over 2013-2024, according to the Bank of Estonia and Statistics Estonia, ERR reports. The household finance and consumption surveys showed that the median household had net wealth of EUR 103,300 in 2024, which was up more than double from EUR…
