Baltic financial group Luminor has appointed Karl von Rohr as the new chairman of the supervisory councils of Luminor Holding and Luminor Bank as of 1 January 2026, LSM reports. He replaces Nils Melngailis, who served in the positions since the bank was established in 2017. Prior to his appointment, von Rohr was management board member…
The city council of the Estonian capital, Tallinn, has elected Peeter Raudsepp of the national conservative Fatherland (Isamaa) party as the city’s new mayor, BNS reports. Prior to his election, Raudsepp was director of the Estonian Institute of Economic Research (EKI), ERR reports. He will serve as mayor for two years, after which the mayorship…
The profit share of non-financial corporations in the Baltic States was highest in Lithuania in 2024, according to Eurostat data, LSM reports. The profit share of non-financial corporations in Lithuania stood at 41.6%, followed by Estonia with 40.0% and Latvia with 35.6%. The EU average was 40.1%. The business profit share is defined as gross…
Lithuania’s Competition Council has again postponed a deadline for the Estonian media group, Ekspress Grupp, to sell off the Lithuanian news website, lrytas.lt, to new owners, BNS reports. The council gave Ekspress Grupp until 7 January 2026 to sell the website. In February 2025, the competition authority ordered the group to sell one of its…
Europe has finally received the message, “loud and clear,” from successive US presidents that Europeans must take responsibility for their own security, Jonatan Vseviov, secretary general of the Estonian Foreign Ministry, said, ERR reports. He insisted that Europe must stand firm behind the principles that have made the current European security order possible — territorial…
Estonia’s Ministry of Economic Affairs and Communications has announced a procurement tender for a consultant to plan a 600-MW nuclear power plant in the country, ERR reports. Under the contract, the winning bidder will help compile baseline planning guidelines and an environmental impact assessment plan for the project. The consultant will provide advice on site…
The number of job vacancies in Estonia totalled 9,375 in the third quarter of 2025, which was 5.4% less than in the same period of 2024, according to data from Statistics Estonia, ERR reports. The number of vacancies was the highest in education (2,025) and in wholesale and retail trade (1,264). The vacancy rate stood…
The three Baltic States have joined Finland, Ireland, Poland, and Sweden in urging the EU to use frozen Russian assets to help Ukraine, LETA reports. The seven member states sent a joint letter to European Commission (EC) President Ursula von der Leyen and European Council President António Costa to express support for the EC’s proposal…
The EU should make the implementation of a global minimum corporate income tax voluntary or abolish the tax altogether for small countries like Estonia, Finance Minister Jürgen Ligi insisted, ERR reported. He noted that the EU had made the global minimum tax mandatory for member states through a directive, which he said placed EU businesses…