Representatives from Lithuania’s five largest commercial banks — Citadele, Luminor, OP Corporate Bank, SEB Bank, and Swedbank — met with Prime Minister Ingrida Simonyte to express dissatisfaction with the extension of the windfall tax on bank profits, BNS reports. They voiced concerns over the unpredictability of the investment environment and the lack of cooperation between…
Estonia’s Ministry of Economy and Ministry of Finance have drafted legislation mandating gender balance on the boards of listed companies, ERR reports. An EU directive requires that at least 40% of supervisory board members or 33% of the total board and council members be from the underrepresented gender by the end of June 2026. Currently,…
A private meeting between Gabrielius Landsbergis, chairman of Lithuania’s conservative Homeland Union (TS-LKD), and MP Eugenijus Gentvilas of the Lithuanian Liberal Movement (LLS) has highlighted tensions within the country’s coalition government, LRT reports. The meeting, initiated by Landsbergis, occurred after a period of strained communication. The opposition surmised that the meeting likely involved the possible…
Around 5,000 NATO troops from various member states will be stationed in Latvia in the coming years, Defence Minister Andris Spruds announced, LETA reports. The troops will be part of an expanded multinational brigade set to be battle-ready by 2026. The Canada-led brigade will be primarily based at the Adazi military base, with headquarters in…
Estonia continues to collect telecommunication data from its citizens despite it being against EU law and the constitution, ERR reports. The European Court of Justice and Estonia’s Supreme Court have concluded that the data collection is illegal. The data include detailed records from telecommunications and internet service providers, which the EU court argues infringes on…
Estonia’s Ministry of Finance plans to issue bonds specifically for Estonian citizens for the first time, allowing small investors to benefit from a fixed interest rate and trade the bonds on the Nasdaq Tallinn stock exchange, ERR reports. Finance Minister Mart Võrklaev says that the aim is to diversify the state’s funding sources and provide…
Lithuanian MEP Viktor Uspaskich has returned to the Labour Party as its interim chairman, BNS reports. Uspaskich was reinstated following the resignation of MP Valentinas Bukauskas and after the opposition party’s poor performance in recent presidential and European Parliament elections. The Labour Party’s council has formed a group to negotiate potential coalitions for the upcoming…
Latvia’s ruling coalition will soon need to discuss “painful decisions” on taxes, Prime Minister Evika Silina stated, LETA reports. Speaking in an interview with TV3, Silina said that simplifying taxation was an important priority. The Ministry of Finance has developed potential proposals for changes on real estate tax, labour costs, corporate income tax, VAT, small…
Estonia’s Ministry of Education and Research is seeking to amend legislation to better regulate the administrative language of municipalities and universities, ensuring that dealing with the entities does not require the use of a foreign language, ERR reports. The amendment would enforce existing requirements for municipalities to conduct administrative affairs in Estonian, addressing instances where…