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…
The Estonian rare earths processor, NPM Silmet, plans to stop using raw materials from Russia’s state-owned Solikamsk Magnesium Works (SMZ) by the end of 2026, ERR reports. NPM Silmet said that it would have to reduce production at its plant in Sillamäe as a result. The company is still waiting for a final shipment from…
The founder and chairman of Lithuanian property developer Hanner, Arvydas Avulis, is the country’s most influential business person, according to two new polls, BNS reports. Avulis ranked highest in surveys of both the country’s professional elite and general public. Combining the two polls, 51.6% of respondents ranked Avulis first. Dainius Dundulis, founder and owner of…
The Latvian parliament, the Saeima, has passed amendments banning the import of certain industrial goods from Russia and Belarus, LETA reports. The amendments ban the import of books, newspapers, video games, sporting goods, toys, clothing, and footwear either directly or indirectly from Russia and Belarus. Transit shipments of such goods to other countries will not…
Hourly labour costs in the Baltic States rose the fastest in Lithuania in the first quarter of 2026, according to Eurostat data, ELTA reported. Nominal hourly labour costs in the whole economy rose by 8.6% in Lithuania, 6.2% in Estonia, and 2.3% in Latvia from the first quarter of 2025. Hourly wage costs alone went…
Three political groups in the Lithuanian parliament, the Seimas, have signed an agreement on a new coalition government, BNS reports. The new ruling coalition will include the Lithuanian Social Democratic Party (LSDP), the Union of Democrats for Lithuania, and the joint parliamentary group of the Lithuanian Union of Farmers and Greens and the Electoral Action…
The prime ministers of the Nordic-Baltic Eight (NB8) countries announced that the group would cooperate with Ukraine on military expertise and training, information sharing, and the development of their defence industries and technology, ERR reports. Joining the summit meeting in the Estonian capital, Tallinn, Ukrainian President Volodymyr Zelensky said that Ukraine was ready to supply…
Estonia’s industrial production output declined by 3.8% on year in April 2026, according to data from Statistics Estonia, ERR reported. Output increased by 14.3% in mining, but decreased by 14.9% in energy production and by 3.2% in manufacturing. Compared to March 2026, industrial production grew by 1.2%. Riin Kadarik, leading analyst at Statistics Estonia, noted…
Latvia’s industrial production output increased by 7.0% in April 2026, compared to the same period of 2025, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reported. Output in manufacturing rose by 6.8% and in electricity and gas supply by 12.1%, while output in mining and quarrying fell by 8.3% over…
