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Estonia, Latvia, Lithuania: what does the future hold?

7 min reading time

Published on 08/10/11 - Updated on 17/03/22

Located on the Baltic Sea, Estonia, Latvia and Lithuania are often considered a single entity. And yet, despite their similarities and their shared history, the level of economic development of each one is not identical. In cutting ties with the Soviet bloc, the countries were accepted into the European Union in 2004 and the transition is not easy. Having joined the euro zone in January 2011, Estonia is in the lead, followed closely behind by Lithuania, while Latvia faces more difficulties. Focus on these promising markets.

Unequal Economic Profile “New hotel projects are suggested to us regularly in the three countries, but our strong presence causes us to remain prudent for now,” confirms Jan-Petter Eilertsen. “Considering the level of current demand, the hotel supply of international chains is sufficient. Hotel...

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