Estonia hopes to receive around EUR 6bn more from than it pays to the EU’s budget for 2028-2034, Finance Minister Jürgen Ligi said, ERR reports. Under the current budget proposal, Estonia would contribute EUR 4.8bn to the EU’s next multiannual financial framework. Estonia’s national allocation would amount to EUR 6.5bn and funds awarded competitively to…
Latvia’s industrial production output increased by 8.8% in October 2025, compared to the same period of 2024, according to calendar-adjusted data from the Central Statistical Bureau (CSP), LSM reports. Output in electricity and gas supply rose by 10.1% and in manufacturing by 9.5%, but fell by 16.1% in mining and quarrying. Compared to September 2025,…
Industrial production in the Baltic States increased the most in Latvia in August 2025, compared to a year earlier. In Estonia, the total production of industrial enterprises increased by 1%, compared to August 2024, according to Statistics Estonia’s data, ERR reported. Output rose by 2.5% in manufacturing and 0.7% in mining but dropped by 20.7%…
Business sentiment in Latvia improved in all economic sectors in September 2025, according to the Central Statistical Bureau’s (CSP) latest survey, LSM reports. The business confidence indicator was 4.8% in retail trade, which was up 1.5 percentage points from August 2025. Business confidence stood at 1.7% in services (up 1.3 points), negative 3.5% in manufacturing…
German President Frank-Walter Steinmeier paid a working visit to Latvia on 8 July 2025, LSM reported. He held talks with Latvian President Edgars Rinkevics and Prime Minister Evika Silina. Steinmeier highlighted Germany’s special connection and historical and cultural ties with Latvia. Speaking about bilateral cooperation on security policy, he noted that Latvia was beginning to…
German President Frank-Walter Steinmeier visited Lithuania on the country’s Statehood Day on 6 July 2025, BNS reported. He reaffirmed Germany’s commitment to Lithuania’s defence. Speaking at a joint press conference with Lithuanian President Gitanas Nauseda in Vilnius, Steinmeier stated: “Your security is our security, your freedom is our freedom.” Germany is deploying a permanent brigade…
The EU should take on joint debt to finance defence spending, Gediminas Simkus, board chairman of the Bank of Lithuania, stated, BNS reports. Speaking in an interview with Politico, Simkus called for “more unity in defence” in the EU, noting that the European defence industry market was still very fragmented. He said that the “time…
Latvia’s gross energy consumption remained stable in 2024, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Gross energy consumption totalled 183 PJ, which was 1 PJ less than in 2023. Final energy consumption totalled 166 PJ, which was down 0.8% on year. Transport accounted for 47 PJ (28.4%) of final consumption,…
The Lithuanian fertiliser producer, Achema, may begin producing explosives, Lithuanian Prime Minister Gintautas Paluckas announced, BNS reports. He was speaking after a meeting with representatives of Achema’s management. Earlier, Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists (LPK), suggested converting some of the country’s large chemical plants to the production of explosives. Achema announced…