Europe

German steel sector in ‘existential crisis,’ Merz warns after summit

November 7, 2025

By Helge Toben and Andreas Hoenig, dpa. Berlin (dpa) – Germany’s steel industry is in an “existential crisis,” Chancellor Friedrich Merz said on Thursday, after a meeting with top leaders [..]

Estonia

Estonia’s fuel sellers running out of ammunition in price war

November 4, 2025

Fuel prices spiked sharply at Estonian gas stations and sellers say the price war may be ending. New sanctions on Russian oil have driven up global prices. On Monday last [..]

Latvia

Economists: Residents’ spending is increasing while savings are slowing

October 30, 2025

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 [..]

Lithuania

Thirteen Lithuanian companies reported net profits of over EUR 100 million last year (media)

September 4, 2025

Thirteen Lithuanian companies crossed the symbolic threshold of 100 million euros in profit last year, while another 12 posted profits between 50 million and 100 million euros, with most reporting [..]

Latvia

Economists call for state aid to reopen Riga-Stockholm ferry line

February 28, 2025

State support for the reopening of a ferry line between Riga and Stockholm would make sense, but it is necessary to assess how exactly it would be provided, the LETA [..]

Lithuania

Circle K pays most tax among Lithuania’s retailers in H1 – 136.7 million euros

August 7, 2024

Circle K Lietuva (Circle K Lithuania), one of the largest fuel retail chains in Lithuania, paid the highest amount of taxes into the state coffers among retailers in the first [..]

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 [..]

Estonia

Wolt, Bolt delivery fees to couriers vary by order

May 7, 2024

Delivery fees vary by order, say both the major companies engaged in food courier app services in Estonia, and depend on various factors including the courier’s location, the customer’s address, [..]

Lithuania

Minimum wage in Lithuania may cross pretax threshold of EUR 1,000 in 2025 – minister

May 2, 2024

Social Security and Labor Minister Monika Navickiene forecasts that the minimum monthly wage in Lithuania may cross the 1,000-euro pre-tax threshold next year. “The considerations are correct, the minimum wage [..]

Estonia

Estonian Land Board: Number of transactions in Q1 slightly down on year

April 24, 2024

Data from the Estonian Land Board shows that there were 8,412 purchase and sale transactions in the first quarter of this year, totaling 950 million euros in value, whereas the [..]

Lithuania

Final shopping basket amount to be rounded off in Lithuania from May 2025

March 29, 2024

The final amount of a basket of goods or services in Lithuania will be rounded off from May 2025, thus gradually phasing out the 1 and 2 cent coins after [..]

Lithuania

Average wage in Lithuania up 12 pct – SoDra

February 29, 2024

The average wage growth of almost 12 percent at the end of 2023 was driven by a higher minimum wage, rising wages of civil servants, and companies’ desire to retain [..]

Estonia

Estonia’s Omniva reports losses in 2023 – net loss 1.3 million euros

February 29, 2024

Estonian state-owned postal service and logistics company Omniva Group’s total sales revenue amounted to 131.7 million euros in 2023, which is a 7 percent increase compared to the previous year, [..]

Estonia

Survey: 39 pct of Estonian residents satisfied with their financial situation

February 14, 2024

Although the Estonian economy has been in decline for eight consecutive quarters, a financial security survey conducted by SEB reveals that 39 percent of the country’s residents are satisfied with [..]

Estonia

Luminor chief economist: Estonian prices jumped past input costs in January

February 12, 2024

Explaining the causes of the fast rise in the prices of goods and services in January, Lenno Uuskula, chief economist at Luminor, used the term “menu costs” from Keynesian economics [..]

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 [..]

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 [..]