Latvians are not buying homes due to high prices, insufficient savings and income, and economic uncertainty, according to a Norstat survey carried out for Luminor Bank in September 2025, LSM reports. The survey showed that 27% of Latvian residents cited high real estate prices as the main obstacle to buying a home. Another 24% of…
All foreign nationals interacting directly with customers in Lithuania will be required to be able to communicate in Lithuanian as of 1 January 2026, LRT reports. The rule applies to both foreign employees and their employers. The Lithuanian parliament, the Seimas, approved the new regulation in October 2024. However, the exact language proficiency requirements and…
Employee optimism about wage growth is waning in the Baltic States, according to Citadele Bank’s Purchasing Barometer survey in August 2025, BNS reports. The survey showed that 15% of Lithuanian workers expect a pay rise in the next three months, compared to 12% in Latvia and just 6% in Estonia. Meanwhile, 10% of workers in…
Lithuanians are the most active savers in the Baltic States, according to a September 2025 poll for Luminor Bank, The Baltic Times reports. In the survey, 23% of Lithuanians, 17% of Estonians, and 14% of Latvians said that they were able to save more than 10% of their income regularly. As many as 43% of…
Economic confidence and sense of security among Estonian residents increased in September 2025, according to a new Turu-Uuringute survey for the government, ERR reports. The survey showed that 67% of Estonian residents were satisfied with life, which was up from 64% in June 2025. Meanwhile, 48% (58%) felt economic uncertainty and 29% (34%) felt the…
Estonian capital Tallinn’s mayor, Jevgeni Ossinovski of the Social Democratic Party (SDE), survived a vote of no confidence in the city council on 8 July 2025, ERR reported. The motion received 33 votes out of 40 needed to oust the mayor. Members of the city’s four-party ruling coalition did not take part in the extraordinary…
Almost a third of consumers in Latvia still pay in cash, according to a report from financial technology platform Adyen, Labs of Latvia reports. The data showed that 29% of Latvian consumers prefer to pay in cash. Around a third of those aged 30 and those aged 60 as well as a quarter of 20-year-olds…
People in Latvia are more optimistic about their financial situation, according to a new SKDS poll for Luminor Bank conducted in December 2024, Baltic News Network reports. The survey showed that 42% of respondents expected their financial situation to improve in 2025, with 22% expecting much better and 21% slightly better finances. Meanwhile, 24% of…
People in Lithuania are more optimistic about the economy, according to a new Baltijos Tyrimai poll for ELTA conducted in October-November 2024, Lietuvos Rytas reports. The survey showed that 40% of respondents believed that the country’s economic situation had deteriorated in the past two months, which was down from 54% a year earlier. Meanwhile, 43%…