Confidence prevails in the Baltics

Apr 05, 2013
For the third year running across the Baltics, and for the fourth time in Estonia, KPMG has collected opinions from business leaders in Estonia, Latvia and Lithuania on the state of their national economies and the outlook for their companies. Based on the feedback from about 260 respondents we charted the trends and developments in three countries that have showed significant economic recovery in recent years.

There are obvious signs of confidence among the top players of Estonian, Latvian and Lithuanian businesses, indicated either by further expectations of a sound GDP growth ranging from two to four percent, or by an intention to raise salaries and hire more staff. According to the survey, conditions for doing business in the Baltics are seen as satisfactory, which does not mean that further discussions of how to remain competitive are unnecessary.

Here are several other conclusions from the survey results:

• According to Estonian experience the euro hiked salary expectations, Latvians find it not likely;
• Nuclear energy losing ground as local sources gain support;
• CSR perceived as part of business strategy.

Please follow this link to view the full report.
< Back to News


Microsoft Latvia


We joined AmCham as a community of shared values to expand our access to global competencies and to foster the quality of the health ecosystem.

Agrita Kiopa, Vice Rector for Science, Riga Stradins University

I'm delighted to be part of business community which strives to improve the business environment.

Roberts Melbardis, Country Manager, Encompass Digital Media Latvia