Estonia’s liberal opposition party, Right-Wingers (Parempoolsed), has re-elected former prosecutor general Lavly Perling as its chairperson, ERR reports. She was the only candidate to the post. Perling labelled the current three-party government a “coalition of three socialists,” criticising the government’s tax policies. However, all current parliamentary parties had made “baseless promises” and taken part in…
Employers in Lithuania are more favourable than before towards Lithuanian emigrants who are returning, according to a survey of 512 companies and organisations by the Lithuanian Public Employment Service (UzT), LRT reports. The survey showed that 42% of companies in Lithuania suffer from a shortage of skilled labour. More than half of Lithuanian employers now…
The Estonian government will allocate almost EUR 200mn for the construction of the Rail Baltica railway and another EUR 75mn for a joint rail depot in Tallinn’s Ülemiste district over the next four years, Infrastructure Minister Vladimir Svet announced, ERR reports. He said that the funds would come from the sale of CO2 quotas. The…
The number of job vacancies in Latvia was 23,900 in the second quarter of 2024, which was 1,400 (5.6%) fewer than in the same period of 2023, according to data from the Central Statistical Bureau (CSP), LETA reports. The number of vacancies amounted to 12,800 in the private sector (down 10.7%) and to 11,100 in…
Estonia’s Ministry of Finance has proposed raising excise duties on alcohol, tobacco, and fuel by 5% per year over 2025-2028, ERR reports. The tax hikes would take effect as of 1 July 2025. The bill would raise alcohol and tobacco taxes more than initially planned for 2025 and 2026. Estonia’s excise tax on petrol has…
Lithuania’s Foreign Minister, Gabrielius Landsbergis, criticised President Gitanas Nauseda for delaying a decision to end investment protection treaties with Russia and Belarus, BNS reports. Landsbergis noted that the government had proposed revoking the treaties back in May 2024. He insisted that Nauseda would have had enough time to refer the issue to the parliament, the…
Estonia’s Ministry of Finance has proposed postponing the introduction of a unified tax-free income threshold until 2026, ERR reports. The ministry said that the move would ensure that Estonia’s state budget deficit did not exceed 3% as required under EU law. Under the current system, gross income of EUR 1,200 per month is exempt from…
Average housing prices in Latvia rose by 1.1% in the second quarter of 2024 from the same period of 2023, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Prices of new housing increased by 11.4%, whereas the average price of existing housing dropped by 2.0% over a year. Compared to the first…
The Estonian government has agreed to provide EUR 160mn of state support for large-scale export-oriented investments in Estonia over 2025-2028, ERR reports. Economy and Industry Minister Erkki Keldo said that the support mechanism was aimed at regaining Estonia’s competitiveness in attracting investors to knowledge-intensive sectors of the economy. The scheme will be managed by the…