Estonia may deport permanent residents who choose to take Russian citizenship, Prime Minister Kaja Kallas confirmed, ERR reports, citing Postimees. Earlier, Interior Minister Lauri Läänemets said that stateless persons who took Russian passports were likely to have their Estonian residence permits revoked and face deportation. Kallas argued that an individual who chooses to obtain Russian…
Lithuania’s state-owned airport operator, Lietuvos Oro Uostai (Lithuanian Airports, LTOU), plans to invest another EUR 250mn in 2025-2052, according to a study drawn up by Dutch aviation consultancy NACO, BNS reports. Under the plan, LTOU would invest around EUR 180mn in developing Vilnius International Airport, EUR 50mn in Kaunas Airport, and EUR 20mn in Palanga…
The Latvian government will discuss the listing of state-owned companies and municipal enterprises on the stock exchange in January 2024, LSM reports. The first company to be listed will be national air carrier airBaltic. Finance Minister Arvils Aseradens said that the list would include other companies as well. Enterprises that may be listed include telecommunications…
Estonia will issue 10-year bonds for EUR 1bn to cover the state budget deficit in 2024, ERR reports. Sven Kirsipuu, deputy secretary general of the Ministry of Finance, said that the bond issue would cover about half of the state’s borrowing needs in 2024. Preliminary indications suggested that investor interest in Estonian bonds remained strong,…
Ukraine’s President, Volodymyr Zelensky, has arrived in the Lithuanian capital, Vilnius, on a tour of Baltic States, ERR reports. The topics of discussion will be security, EU and NATO integration, cooperation on electronic warfare and drones, and coordinating European support for Ukraine. Zelensky expressed gratitude for the “uncompromising support” for Ukraine that the Baltic States…
Russian propagandists, conspiracy theorists, and sensationalist journalists are trying to create confusion and panic by spreading fears about an impending Russian attack against the Baltic States, Estonian anti-disinformation platform Propastop reports. The platform singles out German journalist Julian Röpcke who, in an article for the Bild daily tabloid, suggested that Russia could attack one of…
Poland’s Bank Polska Kasa Opieki (Bank Pekao) plans to open a branch in Lithuania, according to Gediminas Simkus, head of the Bank of Lithuania, BNS reports. Speaking in an interview with 15min, Simkus said that Bank Pekao’s representatives visited Lithuania in December 2023. He was optimistic about the bank setting up operations in Lithuania. Sources…
Lithuania is exploring the possibility of acquiring a stake in Latvia’s national air carrier, Air Baltic Corporation (airBaltic), according to Transport Minister Marius Skuodis, BNS reports. Skuodis has discussed the issue with his Latvian counterpart, Kaspars Briskens. Skuodis suggested that some airBaltic aircraft could be based in Lithuania and that airBaltic could become a joint…
Latvia’s registered unemployment level stood at 5.7% of the economically active population at the end of 2023, which was down from 6.1% at the end of 2022, according to data from the State Employment Agency (NVA), LETA reported. The number of registered unemployed totalled 50,344 at the end of 2023, which was down from 53,536…