• March 14, 2026
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EconomicTrends

China overtakes US as Germany’s top trading partner

In the first nine months of the year, China was once again slightly ahead of the USA. This is primarily due to strong growth in imports from the Far East. [..]

The EC forecasts 1% growth for Latvia this year

The European Commission (EC) forecasts 1 percent growth for Latvia’s economy this year, according to its autumn economic outlook published on Monday. Valdis Dombrovskis (New Unity), the European Commission’s Executive [..]

Economists: Residents’ spending is increasing while savings are slowing

Residents have started to spend more and are slowing down on saving, several bank economists told LETA. Bank of Latvia economist Daina Paula told LETA that retail trade turnover in [..]

Forecast: Lithuanian unemployment to rise

Lithuania’s labour market barometer stood at 96.6 points in December, or three points lower than in November. The European Labour Market Barometer, for its part, edged downward by 0.1 points [..]

Inflation in October was driven by higher prices for air tickets

Data from Statistics Estonia show that the cost of the consumer basket rose by 0.6% in October to be 4.1% higher than it was a year earlier. Food prices were [..]

Lithuanian labour market worsening, still better than in Europe

Lithuania’s Employment Service announced on Wednesday that the outlook for the country’s labour market deteriorated in September, but remained better than elsewhere in Europe. The agency was citing the European [..]

Estonian cbank: Slowing inflation helping boost people’s purchasing power

Commenting on the latest consumer price statistics, Bank of Estonia economist Rasmus Kattai noted that slowing inflation and wage growth are helping to increase people’s purchasing power. “In June, Estonia’s [..]

Survey: Many in Estonia willing to do extra seasonal work without paying tax

An express survey of the Estonian labor market carried out by the job portal CV.ee shows that nearly 30 percent of those surveyed have done or are willing to do [..]

Turnover of medicines sold by pharmacies up 8.7% in 2023

Last year, the turnover of medicines sold at general pharmacies rose by 8.7 percent against 2022 to EUR 467.073 million (excluding VAT), according to data on pharmacies’ operations released by [..]

First-time registration of passenger cars in Latvia down 10.8% in Q1

In January-March 2024 first-time registration of passenger cars in Latvia dropped 10.8 percent year-on-year, with 12,797 automobiles registered for the first time during that period, according to the information from [..]

Estonian ministry: Annual inflation is on a downward trend

Kristjan Pungas, analyst at the fiscal policy department of the Estonian Ministry of Finance, said in his commentary on latest inflation data on Friday that a slowdown in inflation continued [..]

Estonian fuel sellers implement significant price hike

Estonian motor fuel retailers sharply raised their prices on Monday with the price per liter of gasoline increasing by 9 cents, Postimees reports. The price for a liter of 95-octane [..]

SEB survey: Financial situation of nearly half of Estonian residents has deteriorated

Over the past 12 months, the financial situation of almost half, or 45 percent, of the residents of Estonia has worsened, it appears from the results of a financial security [..]

EU ski and snowboard production up by 37% in 2022; 45% were produced in Austria

In 2022, EU countries produced 4.8 million pairs of skis and snowboards, an increase of 37% when compared with 2021. Almost half of these items (2.2 million; 45%) were produced [..]

Latvian exports of wooden furniture down 22.3% in first 11 months of 2023 – the largest number sold in Denmark

In the first 11 months of 2023, Latvia’s export of wooden furniture decreased by 22.3 percent year-on-year, with the largest number of wooden furniture still sold in Denmark, according to [..]

Lithuania has lowest future pension to wage ratio among OECD countries (media)

The ratio of future pensions to wages in Lithuania is the lowest among member countries of the Organization for Economic Co-operation and Development, the LRT news website reports on Monday. [..]

High Euribor drives lumber prices in Estonia to lowest in years

Over the past year, all kinds of prices in Estonia have seen largely sharp increases – but lumber prices have halved. Behind this particular drop is the same factor troubling [..]

Nearly 19,800 people receive unemployment insurance benefit in Estonia in Q3; average unemployment insurance benefit – 684 euros

19,799 people received an unemployment insurance benefit in the third quarter of this year, 24 percent more than during the same quarter last year and 0.2 percent more than in [..]

Eurostat: Business bankruptcies down, registrations up in Q3 2023

In the third quarter of 2023, the number of bankruptcy declarations of EU businesses decreased by 5.8% compared with the previous quarter. Overall, the number of bankruptcy declarations in 2023 [..]

Estonian society is not feeling the crisis yet, but the industry is struggling

Journalist’s Ain Alvela interview with Mihkel Nestor, an economic analyst at SEB Bank Over the past three years, the Estonian economy has been hit by several setbacks – while after [..]

Estonia: Number of people living in absolute poverty rises 2.5 times on year in 2022

According to Statistics Estonia, 22.5 percent of Estonia’s population lived at risk of poverty and 3.5 percent in absolute poverty in 2022 and compared with 2021, the share of people [..]

Cargo turnover at Riga Port down 18.5% in first nine months

The Freeport of Riga handled 14.105 million tons of cargo in the first nine months of 2023, a decrease of 18.5 percent against the corresponding period in 2022, according to [..]

Banks in Lithuania saw their H1 profit plunge 2.5 times to EUR 515 mln – central bank

Banks operating in Lithuania earned 515 million euros in combined profit in the first half of this year, 2.5 times less than in the same period last year (203 million [..]

Economic forecasts anticipating 2 pct GDP decline for Estonia this year

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, [..]

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Ammongas secured safe delivery of 425 million Nm³ of biomethane in 2025 and expands knowledge transfer initiative

Alena Padalnitskaya, Head of the League of Analysts at Zubr Capital

Human capital as strategic risk – Alena Padalnitskaya on decision-making, AI, and the real talent gap

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Estonian real estate developers complete residential quarter in Riga

In the light of the war with Iran, German Finance Minister Lars Klingbeil advises the Germans keeping a cool head and act prudently. Photo: Bernd von Jutrczenka/dpa

German finance minister warns against economic panic over Iran war

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Estonian company WiSo Engineering to build largest hybrid plant in Estonia

Source: suomenpankki.fi

Total of 483 counterfeit euro banknotes found in circulation in Finland last year

Wise founders Kristo Käärmann and Taavet Hinrikus. Source: Transferwise

Two Estonians make Forbes world’s rich list again

Office of a notary public in Tallinn. Photo is illustrative. Source: Eesti Meedia/Scanpix

Estonia’s new ID cards a major headache for notaries

Roberts Idelsons, CEO of Signet Bank

Signet Bank Group increases lending and capital market transactions volume in 2025, with profit increasing by 60%

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From Monaco to the Baltics: how northern Europe compares in global property prices

Tallinn

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