Lithuanian President Gitanas Nauseda believes that NATO’s upcoming Vilnius summit will reach agreements that will "not disappoint" Ukraine in its fight against Russian invasion, LRT reports. Speaking in an interview with BNS, Nauseda said that the summit was unlikely to invite Ukraine to join the alliance after the war, however. Instead, NATO countries are expected…
The European Public Prosecutor’s Office has appointed Lithuania’s Gedgaudas Norkunas as one of the EU prosecutors, the Justice Ministry announced, BNS reports. Previously, Norkunas served as a European delegated prosecutor. The new EU prosecutors will take up their posts on 29 July 2023 for a term in office of three years. Half of of the…
The Lithuanian parliament, the Seimas, is working on a "national agreement" to address the issue of a declining population, LRT reports. Currently, one in three households in Lithuania consists of single individuals living alone, which has nearly doubled in the last 20 years. This trend includes both seniors, particularly women due to a significant gender…
The board chairman of Lithuania’s central bank, the Bank of Lithuania, Gediminas Šimkus, said that German banks would be welcome in Lithuania, ELTA reports. Speaking at an event hosted by Lithuania’s honorary consul in Germany, Šimkus noted that the Lithuanian banking sector was still concentrated, with only three major banks accounting for the majority of…
Latvia had the largest share of people outside the labour force in the three Baltic states in the first quarter of 2023, according to Eurostat data, LSM reports. Just over 16% of Latvia’s potential labour force is not currently part of the working population. The figure stands at 15.4% in Lithuania and 12.3% in Estonia….
Latvia’s President, Egils Levits, paid his last foreign visit to Lithuania, meeting with Lithuanian President Gitanas Nauseda, on 5 July 2023, LSM reports. Foreign Minister Edgars Rinkevics will take office as Latvia’s new president on 8 July 2023. Rinkevics will make his first official visit abroad as president to Estonia on 10 July 2023, ERR…
Estonian debt collection and credit management company Aktiva Finance Group will acquire Swedish credit management company Intrum Group’s business in the Baltic States for EUR 30mn, TVNET reports. Under the deal, Aktiva Finance Group will acquire 100% of shares in Intrum Group’s subsidiaries in Estonia, Latvia, and Lithuania. The transaction is expected to be closed…
Housing prices in the Baltic States rose the fastest in Lithuania in the first quarter of 2023, according to Eurostat data, BNS reports. Compared to a year earlier, housing prices rose by 13.1% in Lithuania, which was the second-highest increase in the EU. Housing prices in Estonia rose by 9.2% and in Latvia by 6%…
Lithuania’s President, Gitanas Nauseda, called for revising existing national sanctions laws to impose stricter entry restrictions on Belarusian citizens, LRT reports. Speaking in an interview with BNS, Nauseda cited concerns over the potential presence of mercenaries from Russia’s private military company, Wagner Group, in Belarus. Parliamentary speaker Viktorija Cmilyte-Nielsen argued that there was no need…