Lithuania takes another step towards strengthening its defence sector. Aušrinė Armonaitė, Lithuania’s Minister of Economy and Innovation, has signed a deal to bring Rheinmetall, the…
Posts tagged as economy
Lithuania supports the U.S. economy
Thursday, May 16, 2024Lithuania has received a new shipment of Javelin medium-range anti-tank weapon systems from the US for $16.6 million. The missiles will be integrated into the…
Flash estimate: Estonian economy contracted by 2.1 percent in Q1 2024
Thursday, May 2, 2024Gross domestic product (GDP) in Estonian fell by around 2.1 percent on year to the first quarter of 2024 (Q1 2024), state agency Statistics Estonia…
LHV chief: Estonia has uniform approach to economy, wealthy countries do not
Thursday, March 21, 2024For 30 years, Estonia has taken a uniform approach to its economic policy, and, up to now, this has worked.However, wealthier countries do not do…
2023 was a year of stagnation for Latvia
Saturday, March 16, 2024In the fourth quarter of 2023, Latvia’s current account deficit stood at 1.6% of the gross domestic product (GDP), with the amount of funds injected…
Statistics: Estonian economy contracted by 3 percent in 2023
Friday, March 1, 2024According to data provided by Statistics Estonia, in the fourth quarter (Q4) of 2023, the gross domestic product (GDP) decreased by 2.7 percent compared to…
Government has no specific plan to stimulate economy
Saturday, February 3, 2024There is no easy or quick solution to improving Estonia’s economy, members of the government believe.While companies could be helped with investments and subsidies, it…
Forecast: Estonia’s economy loses more than four years to recession
Friday, January 26, 2024Estonia’s GDP growth will not exceed 2021’s until 2026, Swedbank wrote in its January forecast.The current “mild” recession will end in the middle of 2024.…
Businessman: Government intervention will only make things worse for the economy
Wednesday, January 17, 2024The timber sector is among the hardest-hit in the current economic crisis.Jaak Nigul, CEO and one of the owners of Estonian furniture maker Tarmeko, has…
Minister: Estonia could be a world leader in data economy
Monday, December 4, 2023The Estonia 2035 strategy stipulates that the Estonian economy is responsible for both people and the environment, while the goal is to move in the…