Commercial banks and other credit institutions in Lithuania have paid EUR 56mn in temporary solidarity tax for the second quarter of 2023, according to the Finance Ministry’s preliminary data, BNS reports. Altogether 18 credit institutions made the first quarterly advance payment by the deadline of 31 August 2023. Swedbank paid EUR 25mn, followed by SEB…
The municipal government of Estonia’s second-largest city, Tartu, is considering introducing new time restrictions on the sale of alcoholic beverages, ERR reports. The city council will discuss possible restrictions in October 2023. In spring 2023, the municipality agreed with most nightclubs in the city to close their doors half an hour earlier in summer. However,…
The financial intelligence units (FIU) of the Baltic States have conducted a first joint study of cash flows in the region, BNS reports. The study showed that the risks and vulnerabilities related to the flow of cash have changed in the region in 2019-2022. While there is a significant flow of cash from all three…
Lithuanian commercial banks and other credit institutions are due to pay a total of over EUR 50mn in temporary solidarity tax by 31 August 2023, BNS reports. Banks will have to pay the full tax for 2023 by 15 June 2024. The tax is calculated based on net interest income that exceeds the average income…
Latvia’s national air carrier, airBaltic, will open flights on eleven new routes in May 2024, including seven from Latvia, two from Estonia, and two from Lithuania, BNS reports. The company will open flights from Riga to Alicante, Chisinau, Ljubljana, Pristina, Skopje, Sofia, and Tirana. Also, airBaltic will open flights from Tallinn to Billund in Denmark…
Latvia’s Ministry of Transport supports the resumption of passenger train traffic between Latvia and Lithuania, LSM reports. The ministry said that the priority was reopening the route from Riga via Daugavpils to Vilnius. The Latvian and Lithuanian passenger train operators, Pasazieru Vilciens (PV) and LTG Link, have drawn up various options for routes, operators, and…
Altogether 263 companies in Latvia continue to export goods to Russia or Belarus, according to the Central Statistical Bureau, LSM reports. The data show that 169 businesses export goods to Russia and 94 to Belarus. The list includes 38 companies that began doing business with Russia or Belarus after the start of the full-scale Russian…
Lithuania’s Transport Minister, Marius Skuodis, hopes that state-owned passenger train operator LTG Link open a regular connection between the Lithuanian capital, Vilnius, and Latvian capital Riga in 2024, BNS reports. Skuodis discussed the possibility of resuming a passenger train connection from Vilnius via Siauliai to Riga and Daugavpils with LTG Link’s CEO, Linas Bauzys. The…
Estonian Prime Minister Kaja Kallas is under pressure after ERR revealed that Keila-based logistics company Stark Logistics, in which her husband, Arvo Hallik, owns nearly 25% of shares, has continued to do business in Russia. Stark Logistics has shipped metal containers manufactured by Tallinn-based Metaprint to Russia. The majority owner of both Metaprint and Stark Logistics…