Lithuania’s State Data Protection Inspectorate (VDAI) has imposed a fine of EUR 2.39mn on the local online marketplace for second-hand goods, Vinted, for violating consumer data protection laws, BNS reports. The fine follows complaints from French and Polish supervisory authorities and pertains to breaches of the EU’s General Data Protection Regulation (GDPR). Vinted was found…
Latvia plans to build a new factory producing modular powder charges for artillery ammunition in Iecava parish, LETA reports. The factory will have a production capacity of 50,000 charges annually. The plant is expected to begin operations in 2026. The project will cost an estimated EUR 12mn, with EUR 1mn to come from EU co-financing…
Estonia’s Ministry of Finance plans to issue bonds specifically for Estonian citizens for the first time, allowing small investors to benefit from a fixed interest rate and trade the bonds on the Nasdaq Tallinn stock exchange, ERR reports. Finance Minister Mart Võrklaev says that the aim is to diversify the state’s funding sources and provide…
Lithuanian MEP Viktor Uspaskich has returned to the Labour Party as its interim chairman, BNS reports. Uspaskich was reinstated following the resignation of MP Valentinas Bukauskas and after the opposition party’s poor performance in recent presidential and European Parliament elections. The Labour Party’s council has formed a group to negotiate potential coalitions for the upcoming…
Latvia’s ruling coalition will soon need to discuss “painful decisions” on taxes, Prime Minister Evika Silina stated, LETA reports. Speaking in an interview with TV3, Silina said that simplifying taxation was an important priority. The Ministry of Finance has developed potential proposals for changes on real estate tax, labour costs, corporate income tax, VAT, small…
Estonia’s Ministry of Education and Research is seeking to amend legislation to better regulate the administrative language of municipalities and universities, ensuring that dealing with the entities does not require the use of a foreign language, ERR reports. The amendment would enforce existing requirements for municipalities to conduct administrative affairs in Estonian, addressing instances where…
Latvia’s State Audit Office (LRVK) has criticised the Ministry of Education and Science for ineffective policies in attracting and retaining teachers, LETA reports. A significant portion of new teachers leave within five years due to systemic issues, including constant changes, insufficient teaching materials, poor remuneration, and uncertainty about reforms. The audit notes that the ministry’s…
Estonia’s newly-formed opposition party, Estonian Nationalists and Conservatives (ERK), still needs 20 more members to be registered officially, ERR reports. A political party needs 500 members to be registered. ERK deputy chairman Silver Kuusik assured that the party would be registered in July 2024. ERK held its founding meeting on 29 June 2024, electing MP…
The planned synchronisation of the Baltic electricity grids with Western Europe in February 2025 will slightly increase electricity prices for consumers, according to Lithuanian Energy Minister Dainius Kreivys, BNS reports. The impact on prices will be minimal, around a few percent, he said. Lithuanian power grid operator Litgrid estimates that the synchronisation will cost consumers…