Lithuanian President Gitanas Nauseda was inaugurated as president for a second term on 12 July 2024, LRT reports. In his inaugural address, Nauseda pledged to strengthen national security, defend Lithuanian interests in foreign policy, continue supporting Ukraine, and foster ties with the US. He called for raising Lithuania’s defence budget to 4% of GDP by…
Life expectancy in Latvia has increased by 22.4 years over 100 years, according to data from the Central Statistical Bureau (CSP), LSM reports. Average life expectancy at birth rose from 53.1 years in 1924 to 75.5 years in 2023. Female life expectancy rose by 24 years from 56.4 to 80.4 years and male life expectancy…
Estonian Prime Minister Kaja Kallas has submitted her resignation to President Alar Karis, ERR reports. Kallas will also resign from her post as chairperson of the Estonian Reform Party. Earlier, she was nominated as the EU’s foreign policy chief. Kallas will remain acting head of the government until the new coalition is sworn into office, which…
Lithuania’s Klaipeda State Seaport plans to begin the construction of a new cruise ship terminal in 2024, BNS reports. The terminal will be located near the port city’s Winter Harbour area. The port has opened tendering to select the construction contractor. The new terminal complex will also include a new office building for the port…
The shadow economy accounts for up to 90% of the car service sector in Latvia, which has completely distorted competition, Andris Kulbergs, board chairman of the Latvian Automotive Association (Auto Asociacija), told LETA. The total turnover of the shadow economy in the sector amounts to almost EUR 200mn per year, the association estimates. The state…
Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…
The Lithuanian government has granted special status to German arms manufacturer Rheinmetall’s planned artillery ammunition plant in Radviliskis district, BNS reports. The designation allows the company to begin construction of the plant without the standard construction permits, which must be obtained before completion. The plant, which will be named the Lithuanian Centre of Excellence for…
The Latvian government has approved an updated national energy and climate plan, aimed at meeting the EU’s climate targets by 2030, LSM reports. The plan outlines five key areas: decarbonisation and renewable energy, energy efficiency, energy security, integration with the EU’s internal energy markets, and research, innovation, and competitiveness. The plan includes around 250 measures…
Estonia’s incoming ruling coalition has agreed to implement budget cuts across all ministries, including defence and interior affairs, ERR reports. Margus Tsahkna, chairman of Estonia 200, said that each ministry would likely face a percentage-based cut to salaries and management costs, and that no new jobs would be created. The coalition plans to extend the…