Estonia ranks the highest in the Baltic States on the World Intellectual Property Organization’s (WIPO) Global Innovation Index in 2025, Labs of Latvia reports. Estonia ranks 16th on the global index, followed by Lithuania on 33rd place and Latvia on 41st place. The Global Innovation Index ranks the world’s 139 most innovative economies based on…
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…
The four policy priorities of Latvia’s coalition government in 2025 are “security, support for families, economic growth, and reducing bureaucracy,” Prime Minister Evika Silina announced, LSM reports. She will begin individual meetings with ministers to discuss the priorities, according to LETA. Silina said that national security remained the government’s most pressing priority, highlighting the need…
Estonia ranks highest in the Baltic States on the World Intellectual Property Organization’s (WIPO) Global Innovation Index, LSM reports. Estonia ranked 16th globally in 2024, which was unchanged from 2023. Lithuania’s ranking was 35th, which was down from 34th place a year earlier. Latvia ranked 42nd, which was down from 37th place in 2023. In…
US electric car maker Tesla has opened its first pop-up store in Lithuania, BNS reports. The store is located at the Akropolis shopping mall in Vilnius. The company plans to open a permanent store and service centre in Vilnius in early 2025, Invest Lithuania reported. Tesla’s Dutch arm, Tesla International, established a subsidiary in Lithuania…
In his New Year address, Lauri Hussar, speaker of the Estonian parliament, the Riigikogu, outlined key challenges for Estonia in 2024, ERR reports. He emphasised the importance of transitioning to Estonian as the sole language of tuition in schools, viewing it as vital to preserving the country’s language and culture. Hussar urged unity in recognising…
The Investment and Development Agency of Latvia (LIAA) will provide EUR 73.38mn of support from EU structural funds for small and medium-sized enterprises, LSM reports. LIAA expects the programme to support a total of 1,500 innovative businesses. The Ministry of Economy said that the support programme would help businesses developing high-value-added products in the medium-high…