AS MADARA Cosmetics

The Baltic States - Lithuania, Latvia and Estonia - are emerging from a period of economic recession. According to the European Commission's forecast, the region is entering a phase of moderate growth, with a recovery in domestic demand becoming the key driver. Against this backdrop, Baltic companies, which are illiquid but stable in terms of fundamentals, can offer a risk premium in a segment that is still outside the focus of large investors and broad analytical coverage. According to Marius Varneckas, head of Freedom24 in Lithuania, this creates interesting entry points for investors for 2026.

Marius Varneckas

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Investments in small-caps in the Baltic States: companies and industries with growth prospects in 2026