Europe

German business sentiment improves despite US trade war

April 25, 2025

Sentiment among German businesses improved in April despite the new tariffs announced by US President Donald Trump, according to a survey by a leading German economic institute published Thursday. The [..]

Lithuania

Banks boost Lithuania’s inflation forecast for 2025

January 29, 2025

Swedbank and the SEB Bank, which are two of Lithuania’s biggest commercial banks, have raised their inflation forecasts for this year to an expected annual rate of 3% and 3.3% [..]

Europe

Dour mood for German consumers unlikely to improve soon, survey finds

December 20, 2024

Private consumption in Germany will not be a major driving force for the country’s sputtering economy next year after a rather mixed Christmas season so far, according to a consumer [..]

Opinions

Economist: Estonia taking decisions which will harm economic well-being

September 25, 2024

Raul Eamets, chief economist at Bigbank, has said that economic forecasts published by the Bank of Estonia on Tuesday show that the government’s economic policy decisions will reduce the economic [..]

Estonia

Estonian survey: 46 pct of entrepreneurs view economic climate negatively

September 20, 2024

One-third of Estonian entrepreneurs plan to invest in growth in the coming year, but nearly half rate the current economic climate negatively The results of a survey conducted in August [..]

Lithuania

Luminor upgrades Lithuania’s GDP growth forecast for 2024 to 2.4 pct

September 19, 2024

Luminor Bank has upgraded its forecast for Lithuania’s economic growth and now expects the country’s GDP to grow by 2.4 percent this year, up from its March projection of 2 [..]

Opinions

Economist predicts higher inflation in Lithuania in 2025

August 28, 2024

The SEB Bank expects Lithuania’s average annual inflation rate to rise to 3% next year because an increase in excise taxes on fuel in January, as well as anticipated hikes [..]

Estonia

Most employees in Estonia concerned about future wage changes

August 6, 2024

The unstable economic situation, lack of financial reserves, rising living costs and unmet wage expectations have increased concern and insecurity among employees in Estonia, with many employees also concerned about [..]

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 [..]

Latvia

Over 60% of Latvians would choose to invest in real estate – poll

May 8, 2024

If they had spare money, 63 percent of people in Latvia would choose to invest it in real estate – a home, land property or forest, shows a Norstat poll [..]

Latvia

Foreign investors rate investment climate in Latvia at historic low

April 17, 2024

Foreign investors’ assessment of the overall investment climate in Latvia reached its lowest rating of 1.9 points out of 5. In comparison to 2022, the rating has fallen by 0.4 [..]

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 [..]

Interviews

Retail trade 2024: hyperinflation may be over, but prices will continue to rise in Estonia – Kristjan Anderson, Selver AS

January 16, 2024

Journalist’s Ain Alvela interview with Selver AS Business Accounting Manager Kristjan Anderson. The sales volume of Estonian groceries has been on a downward trend since March 2022, turnover at current [..]

Lithuania

Income growth in Lithuania expected to exceed inflation 3-4 times this year – minister

January 16, 2024

The growth of personal income in Lithuania is expected to exceed inflation three to four times this year, depending on the household type, Social Security and Labor Minister Monika Navickiene [..]

Latvia

2024 will be another year of resilience for the Baltics and euro area as a whole – Eurogroup president

January 12, 2024

2024 will be another year of resilience for the Baltic countries and the euro area as a whole, but with stronger economic growth and a further decline in inflation, Eurogroup [..]

Latvia

This year for the tourism sector could be slightly better than the previous one – association

January 10, 2024

This year the tourism sector could be similar to 2023 or slightly better in Latvia, as inflation in Europe has slowed down and the incomes of potential travelers is improving, [..]

Estonia

New year to bring tax, excise duty hikes, several other changes

December 22, 2023

The year 2024 will bring tax and excise duty increases and several other changes in the field of the Estonian Ministry of Finance. From next year, applications can be submitted [..]

Latvia

Bank of Latvia leaves inflation forecast for this year at 9%

December 15, 2023

The Bank of Latvia has left its inflation forecast for 2023 at 9 percent, LETA was told at the central bank. In the following years, Latvian inflation is expected to [..]

Latvia

Bank of Latvia raises inflation forecast for 2023 to 9%

September 29, 2023

The Bank of Latvia’s inflation forecast for 2023 has been revised to 9 percent, up from 8.5 percent in the June forecast, as the central bank’s representatives told reporters on [..]

Europe

Economic Sentiment mildly lower in the EU and the euro area; Employment Expectations firmer in both regions

September 29, 2023

In September 2023, the Economic Sentiment Indicator (ESI) dipped slightly again in both the EU (-0.4 points to 92.8) and the euro area (-0.3 points to 93.3). By contrast, the [..]

Estonia

Economic forecasts anticipating 2 pct GDP decline for Estonia this year

September 29, 2023

Estonia’s major economic forecasts for this year predict a gross domestic product (GDP) decline of around 2 percent. According to the most recent economic forecast by the Bank of Estonia, [..]

Opinions

Governor of Eesti Pank: the economy is going to recover slowly

September 28, 2023

Governor Madis Müller says a quick recovery in Estonian economy is not to be expected, as purchasing power is improving at a slow pace in both domestic and foreign markets. [..]