The number of non-cash payments executed in Latvia totalled 395 million in the first half of 2024, which was 6% more than in the same period of 2023, according to the Bank of Latvia, LSM reports. The value of all non-cash payments totalled EUR 491.8bn, which was up by 226% over a year. The volume…
Hungary is siding with Russia in the war against Ukraine, Estonian Foreign Minister Margus Tsahkna suggested, ERR reports. Speaking on ETV, Tsahkna said that Hungarian Prime Minister Viktor Orbán had begun “fighting for the opposing team.” The Hungarian position was “far removed” from what the EU had agreed upon, Tsahkna stated. He said that Estonia…
Lithuania’s likely EU commissioner nominee, MEP Andrius Kubilius, named security, defence, or EU enlargement as his possible portfolios on the European Commission (EC), BNS reports. Asta Skaisgiryte, chief foreign policy adviser to President Gitanas Nauseda, also noted that EU enlargement and defence were focus policy areas for Lithuania. Speaking in an interview with Ziniu Radijas,…
Latvia’s national air carrier, airBaltic, may have to delay its planned initial public offering (IPO) until the first half of 2025 amid investor worries about the aviation industry’s profitability, CEO Martin Gauss said, traders.lt reports. The company plans to raise as much as EUR 300mn through the IPO planned for later in 2024, BNN Bloomberg reports….
A group of six MPs from Estonia are paying a ten-day visit to China, with local accommodation and transportation costs paid for by Beijing, ERR reports. The delegation consists of members of the Estonia-China parliamentary friendship group and is headed by the group’s chairman, Toomas Kivimägi, deputy speaker of the Estonian parliament, the Riigikogu. Kivimägi…
Lithuanian President Gitanas Nauseda called for limiting the number of immigrants entering the country, BNS reports. Speaking on LRT, Nauseda argued that “uncontrolled immigration was, first and foremost, a national security issue.” Given the “demographic hole” that Lithuania faces, failure to control immigration could lead to “outcomes none of us want,” Nauseda stated. He insisted…
The new strategic investor in Latvia’s national air carrier, airBaltic, will be “a big positive surprise,” CEO Martin Gauss stated, LSM reports. He said that the identity of the investor would indicate that airBaltic was “recognised internationally as a serious airline.” Also, the investor would welcome the continued shareholding of the Latvian state in the…
Estonia’s unemployment rate stood at 7.6% in the second quarter of 2024, according to data from Statistics Estonia, Estonian World reports. The number of unemployed declined by 1,100 people over a quarter. Compared to the second quarter of 2023, the number of unemployed increased by 7,600, however. The employment rate stood at 69.7%, and the…
A group of Estonian MPs took part in the Central Tibetan Administration’s commemoration of the 64th Tibetan Democracy Day in India’s Dharamshala on 2 September 2024, Tibetan Review reported. The MPs are part of the Tibet Support Group of the Estonian parliament, the Riigikogu, led by Juku-Kalle Raid. The other delegates were Karmen Joller, Ester…