Estonia’s three-party coalition government has reached agreement on tax changes, Prime Minister Kristen Michal announced, ERR reports. He said that the government would raise the corporate profit tax, personal income tax, and VAT to finance increased spending on defence. The government will raise the VAT rate by 2 percentage points as of 1 July 2025…
The Baltic and Polish parliamentary committees of European affairs held a joint meeting in the Lithuanian capital, Vilnius, on 15-16 September 2024, BNS reported. The committees urged the EU to strengthen the protection of Poland’s border amid a new surge in migrant flows. Zygimantas Pavilionis, chairman of the European affairs committee of the Lithuanian parliament,…
Latvian President Edgars Rinkevics has submitted to the country’s parliament, the Saeima, amendments that would freeze the wages of top management in state-owned enterprises (SOE), LETA reports. Under the proposal, the wages of top executives at state and municipal companies would be frozen until the end of 2026. Rinkevics stressed that the remuneration of top…
Latvia’s banking association, Finance Latvia Association (FNA), opposes a proposed windfall tax on local banks, LETA reports. The association argued that the tax was “disproportionate, short-sighted, and nontransparent.” FNA warned that the tax would have negative long-term consequences, hampering Latvia’s growth, competitiveness, and attractiveness for private investment. The tax would oblige the financial sector to…
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…