Estonia’s harmonised index of consumer prices rose by 4% in May 2026 from a year earlier, according to Statistics Estonia’s preliminary estimate, ERR reports. Compared to April 2026, consumer prices rose by 0.9%. Lenno Uusküla, chief economist at Luminor, said that the rapid price increase was driven by higher energy and other commodity prices as…
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%…
Four political groups in Latvia have signed an agreement on tasks and working principles for a new coalition government, LETA reports. The new coalition would consist of the opposition United List and National Alliance as well as current coalition partners New Unity and the Union of Greens and Farmers (ZZS). United List’s Andris Kulbergs would…
Latvia’s prime minister nominee, MP Andris Kulbergs of the opposition United List, announced that he would seek to form a four-party coalition government, LSM reported. After trilateral talks, United List, the National Alliance, and the Union of Greens and Farmers (ZZS) agreed to invite outgoing Prime Minister Evika Silina’s party, New Unity, to the negotiations….
The average price of agricultural land in Estonia was EUR 6,122 per hectare in 2025, which was down 9.7% from EUR 6,782 in 2024, according to Statistics Estonia, ERR reports. The price drop was due to a lack of large transactions. The average price of grassland stood at EUR 4,861 and arable land at EUR…
Latvia’s annual inflation rate reached 2.9% in April 2026, compared to the corresponding period of 2025, according to the Central Statistical Bureau’s (CSP) data, LSM reports. The rise in inflation was mainly influenced by increases in the prices of fuel, heating, electricity, health care, and catering and accommodation services. Compared to March 2026, average consumer…
Lithuania’s GDP will grow by 3.2% in 2026 and 2.1% in 2027, according to SEB Bank’s latest macroeconomic forecast, Lietuvos Rytas reports. The bank thus kept its GDP forecast unchanged from January 2026. The bank raised its projection for annual inflation in Lithuania to 5.7% in 2026 due to increased energy prices. In 2027, inflation…
Estonia’s consumer price index (CPI) rose by 3.4% in April 2026 from a year earlier, according to Statistics Estonia, ERR reports. The price of goods went up by 3.8% and of services by 2.8% on year. The rise in consumer prices was driven mostly by higher fuel, housing, and food costs. Transport costs increased by…
Estonia’s industrial production declined by 3.1% at constant prices in March 2026 compared to the same period of 2025, according to Statistics Estonia, ERR reports. Output increased by 5.9% in mining, but decreased by 19.5% in energy production and by 1.2% in manufacturing. In the manufacturing sector, output in wood processing rose by 5%, fabricated…