Lithuania’s GDP rose by 3% over a year in 2024 to EUR 79bn at current prices, according to the State Data Agency’s (VDA) revised data, BNS reports. Gross value added in manufacturing rose by 2.9% and in wholesale and retail trade by 2.6% in constant prices. Growth in professional, scientific, and technical activities stood at…
Business sentiment in Latvia improved in all economic sectors in September 2025, according to the Central Statistical Bureau’s (CSP) latest survey, LSM reports. The business confidence indicator was 4.8% in retail trade, which was up 1.5 percentage points from August 2025. Business confidence stood at 1.7% in services (up 1.3 points), negative 3.5% in manufacturing…
Estonia’s fuel market remained stable in 2024, ERR reported. Olerex retained market leadership with annual sales of EUR 551.6mn, which was largely unchanged from 2023. Motor fuel accounted for 81% of overall turnover. The company’s profit remained stable at EUR 6.7mn. Circle K’s revenue declined to EUR 369.3mn, while its net profit increased to EUR…
Latvia’s relations with the US are deep and positive, Latvian Foreign Minister Baiba Braze assured, LETA reports. Speaking in an interview with LTV, Braze noted said that US President Donald Trump’s administration appreciated Latvia for being a good ally and for not engaging in public “loud rhetoric.” Earlier, US Secretary of State Marco Rubio met…
Estonia’s annual inflation may reach 6% or higher in 2025, driven by the rise in energy and food prices, local analysts forecast, ERR reports. Triinu Tapver, analyst at LHV Pank, said that inflation could amount to as much as 6.2-6.5% in 2025, which would be up sharply from the bank’s earlier estimate of 4.5% at…
Estonia’s annual GDP totalled EUR 39.5bn at current prices in 2024, which was down 0.3% from 2023, according to data from Statistics Estonia, ERR reports. In the fourth quarter of 2024, the GDP totalled EUR 10.6bn, which was up 1.2% from a year earlier. This marked the end of ten quarters of recession in the…
The World Trade Organization (WTO) has again suspended the case over China’s trade restrictions on Lithuania, following a second request from the European Commission (EC), BNS reports. Apparently, EC lawyers have failed to find sufficient proof of Chinese restrictions on Lithuanian goods. The case may now be halted for a year and then terminated if…
The total turnover of retail trade enterprises in Estonia amounted to EUR 10.4bn in 2024, which was down 3% from 2023, according to preliminary data from Statistics Estonia, Baltic News Network reports. Retail sales in grocery stores fell by 3% and in stores selling manufactured goods by 4% over a year. Retail sales of automotive…
Latvia’s total retail trade turnover rose by 1% in 2024 compared to 2023, according to calendar-adjusted data at constant prices published by the Central Statistical Bureau (CSP), LSM reports. The annual turnover of retail trade in food products decreased by 1.6%, whereas retail trade of non-food products (except automotive fuel) increased by 2.3%. Retail sales…