Via Baltica

Latvia: PM seeks further budget cuts

The Latvian government may have to take additional austerity measures to implement the ruling coalition’s policy priorities, Prime Minister Evika Silina stated, LETA reports. Earlier, ministries submitted proposals to cut altogether EUR 150mn in public sector spending in 2026. Speaking in an interview with TV3, Silina said that the sum might not be enough to…

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Estonia: Scandal over unauthorised access to bank accounts by officials

Estonia’s Financial Intelligence Unit (FIU) checked around 2,000 bank statements without legal authority, Chancellor of Justice Ülle Madise announced, ERR reports. FIU had obtained full bank statements via the data exchange layer connected to the enforcement register, whereas the law only allows FIU access to basic information about bank accounts. FIU told ERR that it…

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Lithuania: Hanner takes over national stadium project in Vilnius

Lithuanian real estate developer Hanner and Baltic investment company BaltCap have completed a deal under which Hanner will take over the national stadium project in Vilnius, BNS reports. Hanner acquired 98% of shares in Venetus Capital, which owns the project’s concessionaire, Vilniaus Daugiafunkcis Kompleksas (VDK), for one euro. Hanner will pay EUR 2.8mn to BaltCap…

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Latvia: Estonia rejects offer to buy into airBaltic

The Estonian government has rejected an offer to buy shares in Latvia’s national air carrier, airBaltic, LSM reports. Estonia’s Infrastructure Minister, Kuldar Leis, explained that the decision was due to the fact that airBaltic’s change of management had not been completed and its financial situation remained problematic. He said that Estonia would not raise airport…

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Estonia: Entrepreneur withdraws bid to become Tallinn mayor

Estonian entrepreneur Urmas Sõõrumaa has withdrawn his candidacy for mayor of Tallinn, ERR reports. Earlier, Sõõrumaa proposed forming a technocratic city government that would follow guidelines from the Estonian Reform Party and the Estonian Centre Party (Keskerakond) until the local elections in October 2025. Reform’s current coalition partner, the Social Democratic Party (SDE), accused Reform…

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