Representatives from Lithuania’s five largest commercial banks — Citadele, Luminor, OP Corporate Bank, SEB Bank, and Swedbank — met with Prime Minister Ingrida Simonyte to express dissatisfaction with the extension of the windfall tax on bank profits, BNS reports. They voiced concerns over the unpredictability of the investment environment and the lack of cooperation between…
Forestry costs in Latvia increased significantly in 2023 compared to previous years, according to the Central Statistical Bureau (CSP), LSM reports. Forest regeneration costs rose by 6.5-19.3%, forest tending costs by 14.7-50.8%, and timber harvesting costs by 4.4% in final felling and 12.2% in intermediate felling. The overall increase in forestry costs is attributed to higher…
Estonia’s Ministry of Economy and Ministry of Finance have drafted legislation mandating gender balance on the boards of listed companies, ERR reports. An EU directive requires that at least 40% of supervisory board members or 33% of the total board and council members be from the underrepresented gender by the end of June 2026. Currently,…
A private meeting between Gabrielius Landsbergis, chairman of Lithuania’s conservative Homeland Union (TS-LKD), and MP Eugenijus Gentvilas of the Lithuanian Liberal Movement (LLS) has highlighted tensions within the country’s coalition government, LRT reports. The meeting, initiated by Landsbergis, occurred after a period of strained communication. The opposition surmised that the meeting likely involved the possible…
Around 5,000 NATO troops from various member states will be stationed in Latvia in the coming years, Defence Minister Andris Spruds announced, LETA reports. The troops will be part of an expanded multinational brigade set to be battle-ready by 2026. The Canada-led brigade will be primarily based at the Adazi military base, with headquarters in…
Estonia continues to collect telecommunication data from its citizens despite it being against EU law and the constitution, ERR reports. The European Court of Justice and Estonia’s Supreme Court have concluded that the data collection is illegal. The data include detailed records from telecommunications and internet service providers, which the EU court argues infringes on…
Underage marriages still occur in Lithuania primarily due to teenage pregnancies, despite a decline in recent years, LRT reports. Legislation allows courts to lower the legal marriage age of 18 in cases such as pregnancy. However, this practice has been criticised by the United Nations and children’s rights advocates, who argue that minors cannot give…
Latvia recorded 14 serious road accidents involving trucks in the first half of 2024, according to statistics from the Road Traffic Safety Directorate (CSDD), LSM reports. In the whole of 2023, the number of accidents with trucks resulting in grave injury or fatality was 20. CSDD has a team of experts to investigate the circumstances…
Estonia’s Ministry of Justice reported that 66% of legal entities submitted their annual reports for the 2023 fiscal year by the deadline of 1 July 2024, which is an improvement from just 56% a year earlier, ERR reports. A ministry official said that the better compliance was due to recent changes aimed at motivating timely…