In the economic competition between the Baltic States, Lithuania is currently outperforming Estonia. According to Lithuanian analysts, there are several reasons for this. However, they believe that maintaining the region as a safe and attractive business environment is more important than the friendly rivalry between the countries. Lithuania’s purchasing power has increased in recent years,…
The number of digital subscriptions for the media group Ekspress Grupp increased by 24% across the Baltic countries over the past year, including a 14% rise in Estonia. As of the end of September, the total number of subscriptions had reached 222,611 in the Baltic States, with 112,520 of those in Estonia. The number of…
A living wage, or the minimum income required to cover a person’s basic needs and maintain a decent standard of living, is EUR 1,621 gross in Tallinn and Harju County in 2024, according to Figure Baltic Advisory, the leading labor market research and consultancy firm in the Baltic region. In Vilnius, the highest living wage…
A regular survey conducted by SEB bank covering large companies in the three Baltic countries shows that confidence in the economic outlook is at a low point in Estonia, trailing behind both Lithuania and Latvia, Peep Jalakas, head of corporate banking at SEB, has said. The survey describes how more than 300 large companies view…
Without a motorway and high-speed railway connection between the Baltic states and Poland, NATO would face problems if it had to defend the region against a Russian attack, the Polish daily Rzeczpospolita wrote. Neighbours criticise the Baltic States for being too slow to modernise Via Baltica, which the Poles say would be strategically important for…
Excise duties on most goods in Latvia will remain lower than those in Estonia even after hikes Estonia’s southern neighbor plans to put in place over the next three years, “Aktuaalne kaamera” reports. Latvia has no current plans to raise VAT, unlike Estonia, which increased that indirect tax by 2% at the start of this…
The average price of electricity in the Baltic States increased by 9% in August compared to July, to 106.95 EUR/MWh, JSC “Latvenergo” Financial Products Specialist Inga Martinsone said in the company’s latest Electricity Market Review. Last month the lowest hourly price of electricity in the Baltic States was -19.96 EUR/MWh, whereas the highest was 407.42…