The three Baltic States have joined the G7’s Declaration of Support for Ukraine, ERR reports. The declaration aims to provide Ukraine with sustained political, military, financial, and economic assistance through bilateral agreements. Estonian Prime Minister Kaja Kallas, Latvian Prime Minister Krisjanis Karins, and Lithuanian Prime Minister Ingrida Simonyte expressed their “unwavering support” for Ukraine until…
Seven parties in Latvia’s Riga City Council have formed a new coalition, LSM reports. The memorandum of cooperation was signed by New Unity, National Alliance, Latvian Association of Regions (LRA), Code for Riga, Honour to Serve Riga (GKR), For Latvia’s Development (LA), and Movement For. Under the agreement, New Unity’s Vilnis Kirsis will become the…
Latvia’s New Unity party has nominated Welfare Minister Evika Silina as the party’s candidate for prime minister, LSM reports. She would replace New Unity leader Krisjanis Karins, who announced his resignation on 14 August 2023. Silina said that she would begin informal negotiations with political parties on the formation of a coalition government quickly. She…
Estonia’s current account deficit stood at EUR 20.1mn in June 2023, compared to a deficit of EUR 92.4mn in June 2022, according to the Bank of Estonia’s flash estimate, ERR reports. Exports and imports of goods both fell by 10%, while service exports rose by 3% and imports by 2% over a year. The services…
The number of unemployed people in Latvia totalled 60,600 in the second quarter of 2023, which was 2,200 fewer than in the same period of 2022, according to the Central Statistical Bureau, LSM reports. Compared to the first quarter of 2023, the number of unemployed rose by 800. Latvia’s unemployment rate stood at 6.4%, which…
Lithuania’s State Border Guard Service (VSAT) has received 194 asylum applications so far in 2023, BNS reports. Among them were 40 Iraqis, 34 Belarusians, 18 Afghans, 17 Russians, and 13 Syrians. The applications were submitted at border checkpoints or after crossing the border illegally. Most of those who entered Lithuania illegally were Belarusian citizens. In…
Latvia’s population totalled 1,882,600 people at the end of the first half of 2023, which was 8,400 fewer than in the beginning of 2023, according to the Central Statistical Bureau’s provisional data, LSM reports. The number of deaths amounted to 14,291 (down 9.1%) and live births to 7,051 (down 12.1%). Latvia’s natural population growth was…
Latvia’s construction output increased by 16.1% in the first half of 2023 compared to the same period of 2022, according to the Central Statistical Bureau’s calendar-adjusted data at constant prices, LSM reports. Construction of buildings rose by 23.2%, specialised construction activities by 17.5%, and civil engineering works by 2.6% over a year. In the second…
The Baltic banking group, Luminor Bank, made a net profit of EUR 53.2mn in the second quarter of 2023, which was up 81% from the same period of 2022, ERR reports. The group attributed the sharp rise in profit to an improvement in net interest income. Meanwhile, operating expenses increased by 72% amid investments in…