Unemployment in the Baltic States was highest in Lithuania in May 2024, according to Eurostat data, LETA reports. The unemployment rate stood at 7.7% in Lithuania, 7.4% in Estonia, and 6.7% in Latvia. The EU average was 6%.
Lithuanian fashion retail group Apranga Group posted a retail turnover (including VAT) of EUR 161.6mn in the first half of 2024, which was up 9.4% from the same period of 2023, GlobeNewswire reports. Sales in Lithuania amounted to EUR 96.4mn (up 7.5%), in Latvia to EUR 41.0mn (up 17.1%), and in Estonia to EUR 24.1mn (up…
The ruling coalition in Latvia will review contracts and rising costs of the Rail Baltica railway project before approving any related payments, LETA reports. Following an audit of the project, the Ministry of Transport has turned to the Prosecution Office. The audit estimated that the total cost of the project had risen to EUR 23.8bn….
German Foreign Minister Annalena Baerbock accused Russia of conducting “hybrid attacks” against the Baltic States, Anadolu Agency reports. Speaking at a joint news conference with her visiting Latvian counterpart, Baiba Braze, Baerbock cited Russia’s GPS interference, disinformation campaigns, and removal of border buoys. She noted that Germany and NATO allies had increased their military presence…
An agreement on the automatic recognition of degrees of higher education between the Benelux and Baltic countries came into effect as of 1 May 2024, BNS reports. The agreement facilitates academic mobility and promotes university cooperation between the six countries. The agreement attests that the quality of national higher education systems is reliable.
The prime ministers of the three Baltic States will meet with German Chancellor Olaf Scholz on 6 May 2024 in the Latvian capital, Riga, LETA reports. The meeting will focus on security and defence, EU affairs, support for Ukraine, economic cooperation, and regional energy and transport projects. According to Latvia’s State Chancellery, Baltic leaders have…
The presidents of the three Baltic States issued a joint statement on the 20th anniversary of the accession of their countries to the EU in 2004, BNS reported. The presidents stressed the importance of EU membership for the well-being, security, and economic growth of the three Baltic countries. Also, the presidents called for opening EU…
Estonia rose two places to 6th place in the 2024 World Press Freedom Index of Reporters Without Borders (RSF), BNS reports. Estonia scored 86.44 points on the index, which was up from 85.31 points in 2023. Latvia ranked 12th (16th) with 82.9 (83.27) points and Lithuania 13th (7th) with 81.73 (86.79) points.
The Baltic bank, Luminor, has appointed Wojciech Sass as its new CEO and board chairman, replacing Peter Bosek, The Baltic Times reports. Prior to his appointment, Sass served as CEO of Belgium-based Aion Bank. Previously, he has worked as CEO of Nationale-Nederlanden Poland, deputy board chairman of BNP Paribas Bank Polska, and head of Boston…
