Latvia: GDP growth outpaces EU average in Q4 2025

Latvia recorded faster gross domestic product (GDP) growth in the fourth quarter of last year compared with the average in the European Union, according to data published on March 6 by the EU’s statistical office Eurostat. According to seasonally adjusted data, Latvia’s GDP in the fourth quarter of 2025 increased by 2.5% YoY. Overall, economic…

Estonia: South Korean weapons giant to invest EUR 100 million

South Korean defense industry giant Hanwha Aerospace has announced a major direct investment package of nearly EUR 100 million to support Estonia’s defense industry and technological independence. According to the company, the goal is to strengthen Estonia’s technological sovereignty and establish a regional center for territorial defense systems in the country. Including associated economic impacts…

Slovakia: budget already deep in the red

Slovakia’s state budget deficit widened significantly in the first two months of 2026, as government spending continued to outpace revenues, according to the latest fiscal data. As of the end of February, the state budget recorded a deficit of EUR 1.44 billion, almost four times higher than the EUR 346-million shortfall recorded in January. The…