Latvia’s central bank, the Bank of Latvia, has lowered its GDP forecast for 2026-2028 markedly, LSM reports. GDP growth will amount to 2.0% in 2026, to 2.4% in 2027, and to 3.0% in 2028, according to the latest forecast. In December 2025, the central bank had projected that the GDP would grow by 2.8% in…
Estonia’s GDP growth will accelerate from 0.5% in 2025 to 1.8% in 2026 and 2.7% in 2027, the Organisation for Economic Co-operation and Development (OECD) forecasts, ERR reports. The growth will be driven by looser fiscal policy and investment, the report said. Annual inflation will fall from 4.8% in 2025 to 4.1% in 2026 and…
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…
Estonia’s GDP totalled EUR 10.2bn at current prices in the first quarter of 2026, which was up 2.4% from the same period of 2025, according to Statistics Estonia, ERR reported. This was the fourth consecutive quarter of GDP growth and the first time that economic growth exceeded 2% since the first quarter of 2022. Value…
Latvia’s Riga International Airport (RIX) posted an audited profit of EUR 4.2mn in 2025, which was up EUR 0.8mn from 2024, The Baltic Times reported. The airport’s annual net turnover totalled EUR 80.7mn, which was up 3.9% over a year. Revenue from aviation services amounted to EUR 47.3mn (up 5.4%) and from non-aviation services to…
Latvian President Edgars Rinkevics has begun consultations with parliamentary groups on forming a new government, Baltic News reports. The President stressed the need to ensure political stability, effective governance, and national security continuity. The discussions are focused on how to build a working coalition in the parliament, the Saeima, and on the future direction of…
Estonia’s national transmission system operator, Elering, has postponed plans to build a fourth electricity interconnection with Latvia until after 2038, which was the project’s original completion date, ERR reports. Earlier, Elering postponed a decision on the construction of a third undersea electricity connection to Finland. Reigo Kebja, board member at Elering, said that final investment…
The Estonian Centre for Defence Investments (RKIK) has signed an agreement with the Korea Trade-Investment Promotion Agency (KOTRA) to buy three more Chunmoo multiple rocket launchers from South Korea’s Hanwha Aerospace, Yonhap reports. In December 2025, RKIK signed a EUR 290mn deal with Hanwha Aerospace for six launchers, rockets, and training support, The Korea Times…