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…
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…
Latvia’s Competition Council concluded seven high-priority cases on violations of and non-compliance with competition law in 2025, LSM reports. Total fines issued in the cases amounted to EUR 2.5mn, according to the council’s annual report. The public benefit increased by around 25% over a year, the Competition Council estimated. The biggest sanctions included a EUR…
Lithuania’s Finance Minister, Kristupas Vaitiekunas, urged the EU to pursue negotiations and prepare retaliatory measures after US President Donald Trump again threatened to raise tariffs, BNS reports. He predicted that the EU would be “in this game” through Trump’s entire term in office. “This process involving tariffs, negotiations, and pressure from both sides will be…
Estonia’s exports of goods totalled nearly EUR 1.5bn in February 2026, which was down 1% from the same period of 2025, according to data from Statistics Estonia, ERR reports. Imports of goods totalled nearly EUR 1.9bn, which was up 6% over a year. Estonia’s monthly trade deficit thus amounted to EUR 426mn, which was EUR…
Finnish retail group S Group’s supermarket operator, SOK, will sell its 13 Prisma Peremarket hypermarkets in Estonia to local cooperative retailer Coop Eesti for an undisclosed price, ERR reports. Under the deal, the Prisma stores, nine of which are located in Tallinn, will change their name to Coop. The parties expect to complete the transaction…
