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…
Estonia’s Prime Minister Kaja Kallas has denied rumours of a possible coalition reshuffle, ERR reports. Kallas dismissed suggestions that her Estonian Reform Party might consider removing Estonia 200 from the current three-party coalition with the Social Democratic Party (SDE) if MPs from the opposition Estonian Centre Party (Keskerakond) join SDE. Kallas suspects that Urmas Reinsalu, leader…
Latvia will gradually assume responsibility for NATO’s Baltic air policing mission due to ongoing repairs at the Estonian Air Force base in Ämari, LETA reports. The Latvian National Armed Forces (NBS) air base in Lielvarde will host the mission for nine months from 1 March 2024. This is the first time that the mission rotation…
The new Lithuanian Exarchate of the Ecumenical Patriarchate of Constantinople of the Eastern Orthodox Church plans to build its own church, possibly in Vilnius, BNS reports. Justinus Kiviloo, head of the exarchate, stated that he was “categorically against” taking over church buildings from the Russian Orthodox Church. He said that the funds to build the…
Sweden will deploy an army battalion of 800 troops to Latvia in early 2025, Swedish Prime Minister Ulf Kristersson announced, LSM reports. The mechanised battalion, which may include Leopard tanks, will be part of the Canadian-led NATO enhanced Forward Presence battle group based in Latvia. Sweden is due to join NATO soon. In July 2023,…
Estonia’s consumer price index (CPI) rose by 9.2% in 2023, compared to the year before, according to Statistics Estonia, ERR reports. The rise of food and non-alcoholic beverages accounted for almost two fifths of the overall rise in consumer prices. Meanwhile, petrol prices dropped by 7.4% and diesel fuel prices by 10.7% over a year….
Germany’s Deutsche Bank is considering opening a service centre in Lithuania, Elijus Civilis, head of Lithuania’s state-run investment promotion agency, Invest Lithuania, confirmed, BNS reports. Civilis said that negotiations with Deutsche Bank were ongoing and that the bank was evaluating various options for possible operations in Lithuania. Deutsche Bank has not commented on its plans….