Estonia’s central bank, the Bank of Estonia, has recommended that residents keep about a week’s worth of cash at home, ERR reports. Rainer Olt, head of payment and settlement systems at the Bank of Estonia, stressed that cash reserves were necessary in case of disruptions to electronic payment systems. Around 8% of Estonians prefer to…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
Lithuania’s GDP will grow by 3.1% under a baseline scenario in 2026, according to the Bank of Lithuania’s latest forecast, ELTA reports. GDP growth will reach 2.0% in 2027 and 2.9% in 2028, the central bank projects. Under an adverse scenario, however, the country’s GDP growth will stand at 3.1% in 2026, at mere 1.6%…
Lithuania’s three international airports will offer flights to 100 destinations in 54 countries in summer 2026, state-owned airport operator Lietuvos Oro Uostai (LTOU) announced, The Baltic Times reports. LTOU’s airports will have more flights to Copenhagen, Frankfurt, Helsinki, and Warsaw. Vilnius International Airport will offer new direct routes to Gdansk in Poland and Podgorica in…
Political leaders in the Baltic States criticised US President Donald Trump’s recent remarks that he could pull the US out of NATO. Estonian Foreign Minister Margus Tsahkna said that such suggestions were “harmful even if not acted upon,” ERR reported. He insisted that NATO benefited both Europe and the US, warning that all allies would…
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
Lithuania’s Central Electoral Commission (VRK) has allocated EUR 2.5mn of state funding to ten political parties, BNS reports. The ruling Social Democratic Party of Lithuania (LSDP) received EUR 662,700 and the main opposition party, Homeland Union, EUR 612,000. VRK suspended funding for the far-right coalition party, Dawn of Nemunas (PPNA), due to serious violations of…
Several Ukrainian strike drones have crashed in the three Baltic States and Finland as Ukraine is attacking Russia’s oil and gas infrastructure, Baltic News and YLE reported. The drones are targeting oil and gas terminals and other infrastructure at Russia’s ports on the Gulf of Finland and the Kirishi oil refinery. One of the stray…
Lithuania has proposed an action plan to attract more investments from Taiwan, the Foreign Ministry announced, BNS reports. The plan, which remains a “working draft,” outlines priority sectors and potential projects with a focus on developing Lithuania’s high-tech sector, the ministry said. Asta Skaisgiryte, foreign policy adviser to President Gitanas Nauseda, said that Lithuania could…
