Every major party in Estonia has added to the state’s debt burden, according to Kaspar Oja, senior economist at the Bank of Estonia, ERR reported. While the biggest budget deficits emerged during the coronavirus pandemic, Estonia has had structural deficits every year since 2017, Oja noted. His analysis found that when in government, the Conservative…
Lithuania’s incoming new coalition government may try to resume official dialogue with neighbouring Belarus on reopening transport links and trade, The Baltic Sentinel reports. Political analyst Vytautas Bruveris noted that many rural voters of the Lithuanian Social Democratic Party (LSDP) and the Lithuanian Union of Farmers and Greens (LVZS), especially in eastern Lithuania, were tired…
Latvia’s new prime minister, Andris Kulbergs, suggested “scaling down” the Rail Baltica railway project, ERR reported. Speaking at a joint press conference with Estonian Prime Minister Kristen Michal in Tallinn, Kulbergs said that he was looking at a potential solution to the project’s funding gap that would be “out of the box.” He said that…
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…
Lithuanian President Gitanas Nauseda has signed into law amendments to legislation governing the country’s public broadcaster, Lithuanian National Radio and Television (LRT), BNS reports. The changes will create a new board of directors for LRT, expand the company’s governing council, and establish fixed terms for council members and increase their powers. Also, the amendments will…
The prime ministers of the Nordic-Baltic Eight (NB8) countries announced that the group would cooperate with Ukraine on military expertise and training, information sharing, and the development of their defence industries and technology, ERR reports. Joining the summit meeting in the Estonian capital, Tallinn, Ukrainian President Volodymyr Zelensky said that Ukraine was ready to supply…
Estonia’s consumer price index rose by 3.7% on year in May 2026, according to Statistics Estonia, ERR reported. Consumer prices of goods rose by 3.1% and services by 4.6%. The increase in prices was influenced the most by a 10.4% rise in transport costs and 5.4% rise in housing-related costs, both driven up by higher…
Latvia’s security situation has not improved and has become more complex, President Edgars Rinkevics stated, LETA reports. Speaking in an interview on TV24, Rinkevics warned that Russia was becoming more unpredictable and that Latvia must be prepared to respond to various kinds of Russian provocations. At the same time, he noted that the threat posed…
The Latvian government needs to make a decision on the future of the country’s national airline, airBaltic, in summer 2026, Prime Minister Andris Kulbergs stated, LETA reports. Speaking in an interview with TV3, Kulbergs said that airBaltic remained a strategic state asset, but stressed that taxpayer money could no longer be the sole support for…