Opinions

Economist discusses ways of boosting Latvia’s economic growth

May 20, 2025

During the past decade, investments in Latvia have amounted to 22.6% of gross domestic product, but increasing the volume and reducing the price could boost Latvia’s economic growth by at [..]

Europe

Thousands demonstrate for more investment in German industry

March 17, 2025

Thousands of industrial workers demonstrated in several German cities on Saturday, during a nationwide day of action organized by the union IG Metall. They were calling for measures to strengthen [..]

Estonia

Estonia’s average old-age pension rises to €817 per month

February 20, 2025

The average old-age pension will rise to €817 per month starting April 1, and the national pension will increase to €393 per month. As a result of pension indexation, the [..]

Lithuania

Net wage in Lithuania up by 9%

January 31, 2025

The average net monthly salary in Lithuania rose by EUR 116 (9.3%) to EUR 1,365 last year, the State Data Agency reported on Thursday. The average gross salary grew by [..]

Latvia

Commerce agency: Latvia’s business environment failed to achieve much growth last year

January 13, 2025

Latvia’s business environment in 2024 was much like its GDP dynamic – there were changes, but no significant growth. This was reported to LETA by Janis Lielpeteris, a board member [..]

Opinions

The labour market improved a little

November 26, 2024

Orsolya Soosaar, Economist at Eesti Pank. Wage growth accelerated to 8.1% in the third quarter and the purchasing power of the average wage increased further. Sectors where wages rose at [..]

Latvia

To stimulate economic activity, people must be brought back to Riga center – mayor

August 27, 2024

To stimulate economic activity in Riga and reduce the number of empty shop windows in the city center, it is necessary to bring back people to the city center, Riga [..]

Estonia

Swedbank: Estonian residents’ desire to work at record high

August 16, 2024

The desire of residents of Estonia to be in employment is greater than ever since the country restored its independence, Liis Elmik, senior economist at Swedbank Estonia, said in a [..]

Latvia

Tax reform will respond to economic development challenges – Silina

August 14, 2024

The tax reform proposed by the government will most likely respond to the challenges of the economic development, Prime Minister Evika Silina (New Unity) said in an interview with the [..]

Opinions

Affordable High-Speed Internet is Spurring Economic Growth and Boosting Small Businesses

June 26, 2024

Heather Boushey, Chief Economist, Investing in America Cabinet Access to affordable, reliable, high-speed internet is a cornerstone of the American economy and essential for economic growth. This is also a [..]

Estonia

Estonian cbank predicts economy to turn to growth in 2nd half of 2024

June 14, 2024

According to the latest economic forecast of the Bank of Estonia, a revival of the economy can be seen in the second half of this year. The return to economic [..]

Opinions

The State Must Continue Creating Conditions to Support Science-Intensive Companies

May 27, 2024

Egita Aizsilniece-Ibema, Head of the Latvian Innovation and Technology Representation in Brussels Latvia can be proud of its talented and intelligent individuals, both in science and business. The most courageous [..]

Estonia

Modern industrial incubator to be established in Narva

April 24, 2024

The state will direct almost 8.5 million euros from the European Union’s Just Transition Fund (JTF) to the construction of an industrial incubator of nearly 7,000 square meters in the [..]

Opinions

From economic point of view, Latvia has taken advantage of EU opportunities – Dombrovskis

April 9, 2024

From the economic point of view, Latvia has benefited from the opportunities offered by the European Union (EU) over the years, and despite the crises, we have come much closer [..]

Lithuania

Lithuania mulls easing construction rules in preparation for Rheinmetall project

April 3, 2024

The Economy and Innovation Ministry proposes to amend several laws to enable major Western arms and ammunition producers, including Germany’s defense industry giant Rheinmetall, to swiftly relocate production to Lithuania. [..]

Estonia

Eesti Gaas: Estonia’s gas consumption increased 40 pct on year

March 29, 2024

The consumption of natural gas in Estonia during the outgoing heating season increased by almost 40 percent compared to the previous season, and by as much as half in the [..]

Estonia

Estonian company Fibenol investing €700 million in biorefinery in Latvia

March 17, 2024

Estonian company Fibenol is investing €700 million in a biorefinery in Latvia. As recently as 2022, the company’s main shareholder Raul Kirjanen, had not ruled out the possibility of building [..]

Latvia

Amount of raw milk supplied by Latvian dairy farmers up 4.9% in February

March 13, 2024

The amount of raw milk supplied by Latvian dairy farmers in February 2024 rose 4.9 percent against the same period a year ago to 63,824 tons, according to the information [..]

Estonia

Tallinna Sadam looking for partners to develop vacant areas at Muuga

March 13, 2024

Listed Estonian port company Tallinna Sadam has launched a search for cooperation partners for the development of vacant areas located in the eastern part of Muuga Harbor, the large freight [..]

Estonia

Cbank: Estonian household deposits grow for 5th consecutive month

February 27, 2024

The deposits of households in Estonia grew for the fifth consecutive month, according to the latest overview by the Bank of Estonia. The balance sheets of the banks stood at [..]

Estonia

Alar Karis: Being able to find optimism top issue for Estonia’s economy today

February 26, 2024

President Alar Karis said in his Independence Day speech on Saturday that lately, negative news about Estonia’s economy stands out the most, yet he is convinced that finding necessary optimism [..]

Estonia

Taltech, NPM Narva magnet plant eyeing industrial incubator in NE Estonia

February 20, 2024

On Feb. 16, a meeting of executives and academics of Tallinn University of Technology (TalTech) with managers of NPM took place at TalTech’s Virumaa College to discuss possibilities for cooperation [..]

Latvia

Latvian household income rose by 9.1% in 2022 – reached EUR 740 per household member monthly

December 13, 2023

In 2022, compared to 2021, household disposable income increased by EUR 62 or 9.1 percent and reached EUR 740 per household member monthly, according to results from a survey conducted [..]

Lithuania

People’s income growth outpaces inflation in Lithuania in Q3 – Sodra

December 5, 2023

People’s income continued to rise in Lithuania the third quarter of this year, with the growth outpacing inflation, the latest figures from the social insurance fund Sodra showed on Tuesday. [..]

Lithuania

Finance minister feels foreign banks’ interest in Lithuania

November 6, 2023

Lithuanian Finance Minister Gintare Skaiste says she feels the interest of foreign banks in the Lithuanian market, adding, however, the emergence of a new bank in the country may take [..]

Lithuania

1 billion for the Lithuanian economy. Ministry of the Economy and Innovation invites to implement digital solutions in the public sector

November 2, 2023

The Ministry of the Economy and Innovation announces a second call for the digitalisation of public sector services, worth around €19 million. The first call already selected 55 projects from [..]

Opinions

USA economist: The Economics of Public Investment Crowding in Private Investment

September 27, 2023

Heather Boushey, Chief Economist, Investing in America Cabinet Introduction President Biden’s economic vision—Bidenomics—is centered around making smart public investments, empowering and educating workers, and promoting fair competition to lower costs [..]