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Insolvency Developments in the Baltics – 2025 Review

Our latest overview looks at how insolvency trends evolved across Estonia, Latvia and Lithuania in 2025.

Although the figures differ by jurisdiction, the underlying picture is consistent: companies across the region continue to operate under cost pressure, constrained financing and weakened demand. The data increasingly suggests not a temporary spike, but an ongoing market adjustment.

See the key numbers and country-by-country insights here.