Lithuania’s GDP will grow by 2.5% in 2025, according to the Bank of Lithuania’s latest forecast, ELTA reports. In September 2025, the central bank projected that the country’s economy would grow by 2.7% in 2025. The bank now expects the GDP to rise by 3.2% in 2026, by 2.3% in 2027, and by 3.0% in…
The Estonian Centre for Defence Investments (RKIK) has signed a contract to buy six K239 Chunmoo self-propelled multiple-launch rocket systems (MLRS) from South Korea’s Hanwha Aerospace for EUR 290mn, ERR reports. Under the deal, Hanwha will deliver the MLRS units within two years. Additional units and longer range may be added later. Also, Hanwha will…
Most large and medium-sized companies in the Baltic States plan to invest in business development in 2026, according to a Kantar survey for OP Corporate Bank, LSM reports. The survey showed that 87% of enterprises in Lithuania, 85% in Latvia, and 74% in Estonia plan to invest in development. Specifically, Lithuanian companies plan to increase…
The Estonian parliament, the Riigikogu, has approved the state budget for 2026 with 51 MPs voting for and 37 against, ERR reports. The government estimates annual budget revenue at EUR 18.6bn and expenditure at EUR 19.5bn. Investments will total EUR 1.3bn, which will be 45% more than in 2025. Then government expects tax revenues to…
Gross domestic expenditure on research and development (R&D) in the Baltic States was highest in Estonia in 2024, according to Eurostat data, LSM reports. Estonia’s R&D spending stood at 1.99% of GDP, which was up from 1.83% in 2023. The indicator stood at 1.04% (1.04%) in Lithuania and at 0.92% (0.82%) in Latvia. The EU…
Investors and listed companies are leaving Estonia’s Nasdaq Tallinn stock exchange, ERR reports. Joakim Helenius, chairman of Trigon Capital, which handles the Norwegian Oil Fund’s investments on Nasdaq Tallinn, noted that foreign investors had been pulling money out of the Estonian stock market for several years and no new foreign investors were coming in. He…
Estonia’s Tallinn Airport will expand its passenger terminal by building around 16,500 m2 of new premises, BNS reports. In addition, the airport will reconstruct over 18,000 m2 of existing areas in the terminal. After the expansion, the passenger terminal’s total floor area will reach 52,500 m2, ERR reports. The airport’s current terminal was designed to…
The Latvian parliament, the Saeima, has approved in final reading draft laws accompanying the state budget for 2026, LETA reports. MPs will now begin discussing the draft budget. The government’s budget priorities are national security, support for families with children, and high-quality education. Revenues are planned at EUR 16.1bn and expenditures at EUR 17.9bn. The…
Estonia’s GDP totalled EUR 10.5bn at current prices in the third quarter of 2025, which was up 0.9% from the same period of 2024, according to data from Statistics Estonia, ERR reported. Compared to the second quarter of 2025, seasonally and working-day adjusted GDP rose by 0.4%. Value added in the energy sector rose by…