Business sentiment in Latvia was positive in the retail and services sectors, but negative in manufacturing and construction in May 2026, according to the Central Statistical Bureau (CSP), LSM reports. The retail confidence indicator stood at 3.1%, which was up 1.5 percentage points from April 2026. In services, the seasonally adjusted confidence indicator was 1.6%,…
Estonia’s exports of services totalled nearly EUR 3.3bn in the first quarter of 2026, which was up 4% from the same period of 2025, according to data from Statistics Estonia and the Bank of Estonia. Imports of services totalled around EUR 2.5bn, which was unchanged over a year. Estonia’s trade balance in services showed a…
The average monthly gross wage in Estonia amounted to EUR 2,135 in the first quarter of 2026, which was up 6.2% from the same period of 2025, according to Statistics Estonia, ERR reported. Wages increased in all counties, rising by 6.5% to EUR 2,538 in Tallinn, by 6.3% to EUR 2,405 in Harjumaa county, and…
Lithuania has joined France, Italy, the Netherlands, and Spain in urging the EU to take tougher measures against abusive trade practices by China and other countries, Politico reports. The non-paper noted that some of the EU’s main trading partners were imposing new trade barriers and contributing to industrial overcapacity. The document proposed quicker and easier…
Latvia’s GDP totalled EUR 9.9bn at current prices in the first quarter of 2026, according to data from the Central Statistical Bureau (CSP), LSM reported. Compared to the same period of 2025, the GDP rose by 2.5% at constant prices, according to seasonally and calendar non-adjusted data. Compared to the fourth quarter of 2025, the…
Estonia’s GDP totalled EUR 10.2bn at current prices in the first quarter of 2026, which was up 2.4% from the same period of 2025, according to Statistics Estonia, ERR reported. This was the fourth consecutive quarter of GDP growth and the first time that economic growth exceeded 2% since the first quarter of 2022. Value…
Finnish President Alexander Stubb is paying a two-day state visit to Lithuania, STT reports. Finland’s Minister for Foreign Trade and Development, Ville Tavio, and a large business delegation are travelling together with the president. The visit will focus on bilateral relations, defence and technology cooperation, and Russia’s war of aggression in Ukraine. Stubb will meet…
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…
Latvia’s foreign trade turnover totalled EUR 10.85bn at current prices in the first quarter of 2026, which was up EUR 113.8mn (1.1%) from the corresponding period of 2025, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. The total value of exports amounted to EUR 4.97bn (down 1.7%) and of imports to…
