The Investment and Development Agency of Latvia (LIAA) attracted 28 foreign investment projects in the first half of 2024, LSM reported. The projects will bring investments of EUR 263mn and create 1,245 new jobs. Altogether 13 of the projects are in Riga, 9 in Kurzeme, 3 in Latgale, 2 in Vidzeme, and 1 in Zemgale….
Consumer prices in Latvia rose by 1.4% in June 2024, compared to the same month in 2023, according to data from the Central Statistical Bureau of Latvia (CSP), LETA reports. Compared to May 2024, consumer prices dropped by 0.1%, however. Average prices in a 12-month period rose by 1.9% when compared to the previous 12…
Estonia’s primary goals at the NATO summit in Washington include increasing defence spending, closing capability gaps, and maintaining a focus on the threat from Russia, ERR reports. Estonia is pushing for investments in critical defence capabilities such as air defence and ammunition. Estonia supports raising the defence spending target to 2.5-3% of GDP. Additionally, Estonia…
The constitutional and finance committees of the Estonian parliament, the Riigikogu, have decided to amend the car tax bill, ERR reports. Earlier, President Alar Karis rejected the bill, arguing that it violated the principle of equal treatment. Constitutional committee chairman Hendrik Johannes Terras and finance committee chairwoman Annely Akkermann said that discussions with various ministries…
Estonia’s ruling coalition parties have agreed to boost Estonia’s economic competitiveness by developing new industries and focusing on nationwide development, ERR reports. The three parties aim to reduce bureaucracy and use EU funds and CO2 money for industrial growth. The coalition plans to distribute subsidies for large investments across Estonia to raise wages and improve…
Latvia ranks highest in the Baltic States in achieving the UN’s sustainable development goals, according to the UN’s Sustainable Development Report 2024, LSM reports. Latvia ranked 13th in the sustainable development index, which was up from 14th place in 2023. Estonia ranked 15th, while Lithuania was on 31st place. Latvia’s overall score on the index…
Baltic leaders reacted strongly to Russia’s massive missile attacks across Ukraine, including against a children’s hospital in Kyiv, on 8 July 2024. Lithuanian President Gitanas Nauseda stated that there was “no line Russian terrorists would not cross.” Estonian Foreign Minister Margus Tsahkna said that Russia was a terrorist state with whom negotiations were impossible. Estonian…
The budget and finance committee of the Lithuanian parliament, the Seimas, has approved a proposal to link state budget funding for the public broadcaster, Lithuanian National Radio and Television (LRT), to GDP growth as of 2026, BNS reports. Under the plan, LRT would continue to receive 1% of government income tax revenue and 1.3% of…
Latvia’s state-owned postal services provider, Latvijas Pasts, has submitted a new tariff plan for universal postal services to the Public Utilities Commission (SPRK), LETA reports. The company plans to raise tariffs on the domestic delivery of letters, parcels, and press publications as well as for cross-border postal services as of 2025. Latvijas Pasts said that…