The Baltic forward thinking fuels innovation and growth
Lithuania’s highly educated workforce, modern infrastructure, and favourable business environment generate massive start-up opportunities.
Lithuania’s highly educated workforce, modern infrastructure, and favourable business environment generate massive start-up opportunities.
In Estonia, the price of electricity in April was 29% higher than the previous month. While GDP is expected to decline by 1.2% this year.
Banks should know their customers and innovate in ICT, while the state focus on prosecution without spreading unnecessary costs throughout the economy.
Tietoevry is combining global business design and software engineering services within the three Baltic countries, with a total market size of EUR 3.6 billion.
Elevated inflation reduces purchasing power and increases the risk of low investment and deteriorating competitiveness.
Digital health will grow 30% annually over the next 5 years and reach 640 bn by 2026. Estonia is working on evidence-based digital therapeutic solutions.
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.
Tallinn has not only consolidated its competitive IT sector and business environment: now finance and insurance firms lead the flow of FDI abroad.
Despite the optimistic forecast, inflation in Latvia remains among the highest in the euro area. Investment growth prospects have not improved.
This year a potential investment of €1.9 billion in 40 projects are targeting Latvia, among which Marcegaglia steel and Roche biotech.