A new law in Estonia will allow ships sailing under the Estonian flag to employ private armed security guards in high-risk zones, enhancing protection against piracy and armed robbery, ERR reports. The move aims to boost the international appeal of the Estonian flag by enabling shipowners to contract security services more flexibly. Security personnel can…
Amid rising incomes and optimism about their financial situation, Lithuanians are spending more on food and non-essentials but are increasingly reluctant to dine out due to high restaurant prices driven by rising labour costs and the expiration of pandemic-era tax breaks, LRT reports. While supermarket food sales are boosting economic growth, restaurant turnover has fallen…
The number of poor people in need of assistance in Latvia has been decreasing in recent years in the regions of Kurzeme and Latgale, but has increased in the capital, Riga, according to the state-run Society Integration Foundation (SIF), LSM reports. More than 20% of all poor and low-income people received food aid and basic…
Estonia’s ruling Estonian Reform Party, Social Democratic Party (SDE), and Estonia 200 (E200) have started negotiations on forming a new coalition, ERR reports. The three parties hope to reach an agreement by the end of July 2024. The parties form outgoing Prime Minister Kaja Kallas’s coalition government. The new coalition would be led by Reform’s…
Lithuania has the biggest installed capacity of wind energy in the Baltic States, according to Toms Naburgs, managing director of the Latvian Wind Energy Association (LVEA), LSM reports. Lithuania has 1,400 MW of installed wind turbines, compared to 400 MW in Estonia and just 140 MW in Latvia. Moreover, Lithuania is building and planning even…
Latvia’s State Revenue Service (VID) is implementing changes to make the institution more customer-friendly towards both residents and businesses, Prime Minister Evika Silina stated, Baltic News Network reports. Speaking after a meeting with VID director general Baiba Smite-Roke, Silina said that VID should become more efficient by reducing tax administration costs. VID plans to develop…
Slowing inflation and strong wage growth in Estonia have increased people’s purchasing power, according to the Bank of Estonia, BNS reports. In June 2024, the consumer price index rose by only 2.5% on year, which was the slowest rate in three years, primarily due to falling energy prices. At the same time, most services have…
NATO must be ready for Russia turning even more hostile in the decade to come, Estonian President Alar Karis warned, ERR reports. Speaking after a meeting with Lithuanian President Gitanas Nauseda in Vilnius, Karis said that Russia would remain NATO’s most serious military threat for a very long time. He called on NATO allies to…
Latvian President Edgars Rinkevics called for increased EU defence spending, exempting it from fiscal rules, Kathimerini reports. He emphasised the need for the EU to be more self-reliant in defence and for more coordination in defence matters. During his visit to Athens, Rinkevics discussed with Greek officials boosting economic ties, securing more funding for external…
