Lithuania’s GDP will grow by 2.5% in 2025, according to the Bank of Lithuania’s latest forecast, ELTA reports. In September 2025, the central bank projected that the country’s economy would grow by 2.7% in 2025. The bank now expects the GDP to rise by 3.2% in 2026, by 2.3% in 2027, and by 3.0% in…
Less than half of Latvians saw their income rise in 2025, according to a Norstat survey for Luminor Bank, LSM reports. In the survey, 41% of Latvian residents reported that their income had increased in 2025. Specifically, 27% said that their income had increased by up to 10%, another 10% by 10-15%, and 7% by…
Latvia’s GDP will grow by 1.7% in 2025, according to the Bank of Latvia’s revised macroeconomic forecast, LSM reports. In June 2025, the central bank projected 1.2% GDP growth in 2025. The new forecast expects economic growth to accelerate thanks to increased domestic and external demand. The GDP will grow by 2.8% in 2026, by…
Estonia’s GDP will grow by 3.6% in 2026, but economic growth will slow down to 2.5% by 2028, according to the Bank of Estonia’s latest forecast, ERR reports. Growth in 2026 will be driven by increased exports and government stimulus, the central bank said. The general government budget deficit will be the largest in 30…
The Lithuanian parliament, the Seimas, has approved the state budget for 2026 with 80 votes for, 39 against, and 7 abstentions, BNS reports. Under the budget, annual revenues, including EU funds, will amount to EUR 21.07bn and expenditures to EUR 27.51bn. The government’s net borrowing limit has been increased to EUR 7.79bn, ELTA reports. The…
Latvia’s Ministry of Defence has announced details on its planned spending under the government’s defence budget in 2026, LSM reports. Latvia will spend a total of EUR 2.158bn on defence in 2026, which will be 4.91% of the estimated annual GDP. Altogether EUR 1.14bn (53%) of the defence budget will go to buy new military…
The average monthly gross wage in Lithuania amounted to EUR 2,427.6 in the third quarter of 2025, which was up 8.5% from the same period of 2024, the State Data Agency (VDA) reported. The average net wage stood at EUR 1,484.4, which was up 7.8% over a year. Compared to the second quarter of 2025,…
Latvia’s average monthly gross wage amounted to EUR 1,835 in the third quarter of 2025, which was up 7.8% from the same period of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. The average wage rose by 8.1% in the private sector and 7.1% in the public sector. The average hourly…
Employer and trade union groups in Estonia have begun talks on raising the minimum wage, ERR reports. Under an agreement signed in 2022, the minimum wage was to rise to 50% of the average wage by 2027. The monthly minimum wage would thus increase by about EUR 100 to just under EUR 1,000 in 2026….