Europe

Market profile

Baltics comprises three separate countries of Estonia, Latvia and Lithuania located at the east coast of the Baltic Sea. Baltic countries are members of European Union since 2004. In Estonia euro is the official currency since January 1, 2011, in Latvia and Lithuania local national currencies are used.

In total there are 7 million inhabitants in Baltics: Estonia 1,3 million, Latvia 2,3 million, Lithuania 3,4 million.

Economies in Baltic countries have been growing very quickly. Although economic recession hit Baltics also, the growth is positive and promising again. Local people tend to travel more every year and look around for new and exotic destinations. Countries are well-developed technologically and internet usage is on high level.