Latvia’s gross energy consumption totalled 185 PJ in 2023, which was 1 % less than in 2022, according to provisional data from the Central Statistical Bureau (CSP), LSM reports. Final energy consumption totalled 170 PJ, which was 0.9 % less than in 2022. Transport used 52 PJ (30.6%) of energy, followed by households with 45 PJ…
The Latvian government has approved a draft transport energy bill that obliges fuel suppliers to increase the share of renewable energy in their energy portfolio, LETA reports. The bill may lead to a rise in fuel prices, according to a survey of fuel traders. The Ministry of Climate and Energy notes that the transport sector…
Estonia’s Minister of Climate, Kristen Michal, will replace Kaja Kallas as prime minister and chairman of the Estonian Reform Party, ERR reports. Kallas is due to resign after the NATO summit in Washington. The government will then be dissolved, and Michal will open talks on a coalition agreement. The current three-party coalition is likely to…
The minimum gross monthly wage in Lithuania may exceed EUR 1,000 in 2025, Social Security and Labour Minister Monika Navickiene forecast, BNS reported. Speaking in an interview with Ziniu Radijas, Navickiene assured that the minimum wage would definitely surpass the poverty risk threshold. Lithuania’s Tripartite Council is still in talks on the minimum wage hike…
Latvia’s tax revenue totalled EUR 3.325bn in the first quarter of 2024, which was EUR 40.7mn (1.2%) less than planned, according to Finance Ministry data, LETA reports. Tax revenue was EUR 109.2mn (3.4%) higher than in the first quarter of 2023, however. General state budget tax revenues totalled EUR 3.126bn, which was 1.1% short of…
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…
Estonia’s GDP dropped by 2.1% in the first quarter of 2024, compared to the same period of 2023, according to Statistics Estonia’s flash estimate, Baltic News Network reported. The GDP decline thus slowed down, the preliminary data showed. Compared to the fourth quarter of 2023, the seasonally and working-day adjusted GDP remained unchanged.
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…
The Estonian government’s planned new car tax will apply to used cars as well because of EU rules, ERR reports. Under the rules, the registration fee on cars will have to apply to second-hand vehicles already registered in Estonia. The government’s initial plan was for the fee to apply to imported vehicles only. The new…
