The Latvia-based commercial bank, Citadele, posted a net profit of EUR 50.9mn in the Baltic States in the first half of 2024, which was down 21% from EUR 64.5mn in the same period of 2023, bne IntelliNews reports. The bank’s operating income rose by 2% to EUR 116.1mn, with interest revenue increasing by 9% to…
Lithuanian mobile telecommunications operator TELE2 was the market leader in mobile voice services in the second quarter of 2024, according to the Communications Regulatory Authority (RRT), Telecompaper reported. TELE2’s market share stood at 45.9% in terms of SIMs used for mobile voice services. The company had over 2 million subscribers, which was up 1.8% from…
Some Lithuanian nationals have joined Russian occupation forces in Ukraine, LRT reports. At least five Lithuanian citizens are known to be fighting for Russia against Ukraine, 15min reports. Defence Minister Laurynas Kasciunas confirmed that there was “definitely more than one” Lithuanian fighting on the Russian side. He said that the persons were known to Lithuania’s…
Latvia’s National Cyber Security Centre (NKDC) began operations on 1 September 2024, Labs of Latvia reports. NKDC is an agency under the Ministry of Defence and will serve as a single contact point for cyber security issues, oversee the implementation of national cyber security requirements, and develop national cyber security policy initiatives. NKDC will collaborate…
The Estonian government will not raise wages for teachers in 2025, ERR reports. The Estonian Educational Personnel Union (EHL) has demanded that basic teacher salaries start at the level of the national average wage. However, Education Minister Kristina Kallas noted that the state did not have the money to meet EHL’s demand, which would require…
Lithuanian news agency ELTA has signed a cooperation agreement with Taiwan’s national news agency, Central News Agency (CNA), Focus Taiwan reports. The news agencies agreed to share content free of charge. ELTA is CNA’s first official partner in the Baltic region. CNA’s editor-in-chief, Chris Wang, said that the cooperation between the two news agencies reflected…
Latvia’s Financial Sector Development Board (FSAP), chaired by Prime Minister Evika Silina, reviewed the country’s anti-money laundering (AML) measures during a meeting on 5 September 2024, LSM reports. The Financial Intelligence Unit (FID) reported on Latvia’s progress in relation to the Council of Europe’s evaluation of the country’s AML efforts. The meeting also addressed concerns…
The Estonian Defence Forces (EDF) warned that war would ravage Estonia if the government failed to purchase additional ammunition as requested, ERR reports. EDF has requested EUR 1.6bn worth of ammunition. EDF commander General Andrus Merilo said that if only half of the ammunition was purchased, all combat operations during war would take place on…
Lithuanian authorities have developed a plan to protect the country’s cultural heritage in the event of war, BNS reports. The National Crisis Management Centre (NKVC) presented the plan to the culture committee of the Lithuanian parliament, the Seimas, in a closed meeting. NKVC director Vilmantas Vitkauskas said that the plan would be tested during a…