The Latvian government has again suggested that all three Baltic States invest in Latvia’s national airline, airBaltic, ERR reports. Prime Minister Evika Silina argued that the Baltic countries should work together to “coordinate aviation” in the region. She intends to discuss the issue with her Estonian and Lithuanian counterparts. Earlier, the Estonian government rejected Latvia’s…
Lithuania has proposed an action plan to attract more investments from Taiwan, the Foreign Ministry announced, BNS reports. The plan, which remains a “working draft,” outlines priority sectors and potential projects with a focus on developing Lithuania’s high-tech sector, the ministry said. Asta Skaisgiryte, foreign policy adviser to President Gitanas Nauseda, said that Lithuania could…
Companies in the Baltic States issued an all-time record of EUR 6.68bn in bonds in 2025, which was an increase of more than double from 2024, The Baltic Times reported. The volume of local bonds issued totalled EUR 1.37bn, which was up 42% over a year. The number of Baltic companies issuing bonds reached a…
Estonian capital Tallinn’s city council has approved the city budget for 2026, ERR reports. Total revenues are planned at EUR 1.2bn, including EUR 781.2mn from personal income tax, EUR 188.3mn in state and other grants, EUR 112.4mn from the sale of goods and services, EUR 36.4mn from land tax, and EUR 9.5mn from external funding….
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…