Estonia’s debt to GDP ratio rose in the third quarter of 2023 but was still the lowest in the EU, according to Eurostat data, ERR reports. Estonia’s general government gross debt totalled EUR 6.789bn, which was up from EUR 5.585bn in the third quarter of 2022. The country’s debt to GDP ratio stood at 18.2%,…
Lithuania expects negotiations on Moldova’s EU membership to begin in March 2024, President Gitanas Nauseda said, BNS reports. Speaking after a meeting with Moldovan Prime Minister Dorin Recean on the sidelines of the World Economic Forum in Davos, Nauseda called on Moldova to “mobilise on reforms.” He added that Lithuania was ready to help Moldova…
The UAE-based private real estate investment firm, Eagle Hills, plans to invest more than EUR 3bn in the Latvian capital, Riga, over 10-15 years, LSM reports. The company plans to develop an area of around 57 hectares in Riga’s Andrejsala neighbourhood, building more than 6,500 new apartments, outdoor spaces, and a new passenger terminal at…
The Estonian government plans to invest EUR 680.5mn in road maintenance in 2024-2027, which is EUR 76mn more than in the previous four-year period, the Ministry of Climate announced, BNS reports. State budget funds will account for EUR 543.8mn and funding from the EU’s Cohesion Fund and Connecting Europe Facility for EUR 136.7mn of the…
Germany’s Bundeswehr expects that the German brigade to be deployed in Lithuania will be made up of volunteers, Major General Ruprecht von Butler, commander of the German 10th Panzer Division, said, BNS reports. He assured that there would be enough troops willing to volunteer. Germany will deploy around 5,000 troops to Lithuania over 2025-2026, and…
Latvia’s Minister of Environmental Protection and Regional Development, Inga Berzina, has proposed renaming the ministry to the Ministry of Nature Protection and Regional Development, LETA reports. Earlier, environmental services were transferred to the Ministry of Climate and Energy. Berzina said that the name change could be implemented after the distribution of functions in July 2024….
The Estonian government has approved draft legislation to introduce an annual car tax and a vehicle registration fee, ERR reports. Under the plan, the new law will enter into force as of 2025. The amount of the car tax and the registration fee will depend on the vehicle’s emissions and age as well as weight…
The Estonian government has decided to terminate the country’s legal assistance agreement with Russia, ERR reports. The agreement mostly applies to cases under family and commercial law. The decision will lower judicial cooperation with Russia to the same level as with other third countries. Foreign Minister Margus Tsahkna noted that the legal assistance treaty was…
Greece’s national air carrier, Aegean Airlines, will open direct flights from Lithuania’s Vilnius International Airport to Athens in April 2024, LRT reports. The company will have two flights per week on the new route until the end of October 2024, using Airbus A320 aircraft. Aegean Airlines has not previously operated regular flights in Lithuania, airport…