Services are the only hope when manufacturing is sluggish
Estonia’s services export continues to grow moderately, but manufacturing is still in quite a precarious position.
Estonia’s services export continues to grow moderately, but manufacturing is still in quite a precarious position.
Commerzbank, one of the largest financiers of German foreign trade, opens a new representative office in Vilnius.
Economic growth is still based on one pillar, and that’s consumption. With a persistently high core inflation, the question is: for how long?
Vilnius’ strategy on defense led to 14 large-scale projects within the Green Corridor worth nearly 4,000 jobs and more than EUR 1.25B in investment.
GDP growth in Q2 2024 was close to 3% YoY only thanks to consumption. Solid market economy will be back only upon the expiration of minimum wage policy.
Despite the deficit in May, a current account surplus of 0.8% of GDP is forecasted for 2024 thanks to the EU support and domestic demand.
Invest Lithuania recently published the most comprehensive insight on business opportunities, from fintech to ICT and manufacturing.
Latvia invests tens of millions of euros to have an army of drones, stimulating national companies and R&D to develop smart production for war use.
In 2023, EUR 7.4 bn FDI flowed into Poland, making it the sixth-largest industrial real estate in Europe with the third-lowest unemployment rate.
Kaunas aircraft industry thrives with 2 new aircraft maintenance, 4 new routes, and 1,250+ new jobs in the region including pilots, cabin crew, and engineers.