Latvia has extended altogether EUR 595mn of aid to Ukraine since the beginning of Russia’s war of aggression, which is equal to 0.85% of Latvia’s GDP, Ukrinform reports. Bilateral military assistance to Ukraine amounts to EUR 370mn. Foreign Minister Krisjanis Karins noted that Latvian support included macro-financial, humanitarian, and development aid. Also, Latvia has provided…
Same-sex marriage is now legal under Estonian law as of 1 January 2024, ERR reports. The law allows two consenting adults to marry irrespective of their gender. Minister of Social Protection Signe Riisalo said that the law ensured equal rights, ending years of legal uncertainty. Same-sex couples, previously able to register civil partnerships, now enjoy…
In their New Year’s greetings, Lithuanian President Gitanas Nauseda and First Lady Diana Nausediene sought to convey a sense of optimism as they approached the new year, LRT reported. They noted the upcoming 20th anniversary of Lithuania’s NATO and EU membership, thanking everyone for their collective achievements. The presidential couple expressed their belief in the…
In his New Year’s message, Latvian President Edgars Rinkevics reflected on the anticipation of the “moment before” the new year, filled with aspirations for change and new goals, LSM reported. Acknowledging that past resolutions may not have been fully realised, the President encouraged carrying over hopes into the new year, turning them into concrete goals…
In his New Year’s address, Estonian President Alar Karis emphasised the country’s goals of preserving the Estonian language and culture while striving to be a good and secure place to live, ERR reports. Despite the challenges in 2023, he urged citizens to find positivity, acknowledging personal and national achievements. Karis addressed political concerns and stressed…
The Baltic banking group, Luminor, reported a net profit of EUR 178.3mn in the first nine months of 2023, which was up more than double from EUR 84.4mn in the same period of 2022. Net income on interest amounted to EUR 399.1mn (EUR 202.4mn) and net income on fees and commissions to EUR 63.8mn (EUR…
The opposition Social Democratic Party of Lithuania (LSDP) remained the country’s most popular political party in October 2023, according to a new Vilmorus poll, BNS reports. LSDP topped the poll with 18.0% support, which was down from 18.8% in September 2023. The ruling Homeland Union (TS-LKD) came in second with 9.3% (11.3%), followed by two…
Latvian businesses urge the government to ease the rules on the entry of foreign labour into the country, LSM reports. Speaking at a conference on human capital development in the Latvian parliament, the Saeima, business representatives and market analysts noted that Latvia’s human resources were exhausted. They called for improving labour availability through relaxed rules…
Estonia’s central bank, the Bank of Estonia, foresees growing unemployment in the near future, ERR reports. Orsolya Soosaar, economist at the Bank of Estonia, expects the country’s unemployment rate to reach double digits in 2024. In late September 2023, the central bank forecast that unemployment would rise to 8% in 2024. Soosaar said that the…
