Latvia: LIAA helped attract EUR 655mn of foreign investments in 2024

The Investment and Development Agency of Latvia (LIAA) helped attract 45 foreign investment projects, which will create an estimated 2,023 new jobs, in 2024, LSM reports. The total value of the projects is EUR 655.4mn, which is up 6% from 2023. The biggest investments were in high-value-added manufacturing, ICT, energy, and aviation. LIAA’s target is…

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Estonia: Government to support large-scale export projects

The Estonian government has agreed to provide EUR 160mn of state support for large-scale export-oriented investments in Estonia over 2025-2028, ERR reports. Economy and Industry Minister Erkki Keldo said that the support mechanism was aimed at regaining Estonia’s competitiveness in attracting investors to knowledge-intensive sectors of the economy. The scheme will be managed by the…

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Baltic: Vacancies up in Lithuania, down in Latvia, Estonia in Q2/2024

The number of job vacancies in the Baltic States rose in Lithuania but fell in Latvia and Estonia in the second quarter of 2024, according to Latvia’s Central Statistical Bureau (CSP), LSM reports. Compared to a year earlier, the number of vacancies increased by 3.3% in Lithuania, but declined by 5.6% in Latvia and 10.6% in…

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Estonia: Highest salaries now offered to doctors: survey

Doctors now enjoy the highest salaries in Estonia, surpassing IT experts, according to data from recruitment portal CV Keskus, BNS reported. Salaries offered to doctors now stand at an average of EUR 3,650-4,150 per month, followed by sales managers with EUR 1,900-4,000 and IT specialists with EUR 2,900-3,750. Meanwhile, average salary offers for sales specialists…

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Lithuania: Income growth to exceed inflation 3-4 times in 2024: minister

The growth of household income in Lithuania will exceed inflation by 3-4 times in 2024, Social Security and Labour Minister Monika Navickiene forecasts, BNS reports. The Social Security and Labour Ministry expects that household income will rise by an average 12% on year in 2024, while the Finance Ministry expects Lithuania’s average annual inflation to…

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