
Latvia’s latest economic trends on trade, FDI, and services
In Q3 2024, Latvia’s exports rose slightly YoY, with services leading. FDI hit 327M euros. Imports fell, especially in mineral products.
In Q3 2024, Latvia’s exports rose slightly YoY, with services leading. FDI hit 327M euros. Imports fell, especially in mineral products.
Poland’s GDP growth in Q4 was 3.2% YoY, up from 2.7% in Q3, hauled by household consumption rising by 3.2% YoY and public consumption by 3.4% YoY.
Lithuania’s economy rebounds with 2.4% GDP growth in 2025, driven by exports, private consumption, and investments.
Estonia’s €100M Defence Fund, managed by SmartCap, boosts military tech, supports NATO, and attracts private capital through risk-sharing.
Glogowek Castle in Poland has been proposed as a strategic location for Elon Musk’s European business operations.
The partnership between Latvia and South Korea highlights the potential to drive innovation and economic growth.
Flo Health expands its operations in Lithuania advancing tech-driven personalization and reinforcing privacy and security efforts.
Inflation over 2024 remained high following the food commodities on global markets. Wage pressures will be key for steering the future.
In Poland, the construction sector remains in a deep recession (-9.6% YoY in October). The first signs of a recovery are expected in 2025.
The sustained commitment to digital innovation and transformation has now culminated in the leadership of venture capital relative to GDP.