The profit share of non-financial corporations in the Baltic States was highest in Lithuania in 2024, according to Eurostat data, LSM reports. The profit share of non-financial corporations in Lithuania stood at 41.6%, followed by Estonia with 40.0% and Latvia with 35.6%. The EU average was 40.1%. The business profit share is defined as gross…
Lithuania’s Competition Council has again postponed a deadline for the Estonian media group, Ekspress Grupp, to sell off the Lithuanian news website, lrytas.lt, to new owners, BNS reports. The council gave Ekspress Grupp until 7 January 2026 to sell the website. In February 2025, the competition authority ordered the group to sell one of its…
The Latvian parliament, the Saeima, will begin work on legislation to improve consumer protection against financial fraud, Anda Caksa, chairwoman of the parliament’s budget and finance committee, announced, LETA reports. Speaking after a meeting with representatives of the Finance Latvia Association (FNA), Caksa said that legislative changes were needed so as to require mobile operators…
Europe has finally received the message, “loud and clear,” from successive US presidents that Europeans must take responsibility for their own security, Jonatan Vseviov, secretary general of the Estonian Foreign Ministry, said, ERR reports. He insisted that Europe must stand firm behind the principles that have made the current European security order possible — territorial…
The United Nations High Commissioner for Refugees (UNHCR) urges Lithuania to reconsider its policy of turning back irregular migrants at the border with Belarus, BNS reports. Annika Sandlund, UNHCR representative to the Nordic and Baltic countries, said that Lithuania should review its emergency legislation that allows pushbacks. Even though irregular migrants were being used for…
The Latvian parliament, the Saeima, has approved amendments to introduce a reduced 12% value-added tax rate on selected basic food products in 2026, LETA reports. Under the amendments, the lower VAT rate will apply to various bread products, milk, poultry meat, and eggs. The reduced VAT will apply from 1 July 2026 to 30 June…
Estonia’s Ministry of Economic Affairs and Communications has announced a procurement tender for a consultant to plan a 600-MW nuclear power plant in the country, ERR reports. Under the contract, the winning bidder will help compile baseline planning guidelines and an environmental impact assessment plan for the project. The consultant will provide advice on site…
Lithuania may suspend regular passenger services to neighbouring Belarus and Russia, Interior Minister Vladislav Kondratovic stated, BNS reports. He said that such a measure was “definitely worth considering” in response to growing security threats from Belarus. However, the question was whether the move would have any real impact on the Belarusian regime or instead only…
The average level of consumer prices in Latvia rose by 3.8% in November 2025, compared to the same period of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. The inflation rate was mainly influenced by the rise in food and non-alcoholic beverage prices (up 5.2%) and an increase in the price…