Estonia: industrial output up in January 2026

Industrial enterprises produced 5.9% more in January at constant prices than at the same time in 2025. Output increased in all three industrial sectors: mining, manufacturing and energy. Output in mining rose by 10.7%, manufacturing by 3.1% and energy production by 21.7%. Riin Kadarik, a leading analyst at Statistics Estonia, noted that the volume of…

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…