Latvia’s GDP totalled EUR 19.3bn at current prices in the first half of 2023, according to data from the Central Statistical Bureau, LSM reports. Compared to the corresponding period of 2022, the GDP rose by 0.1%. In the second quarter of 2023, the GDP totalled EUR 10.2bn at current prices. The quarterly GDP fell by…
The Lithuanian government is unlikely to propose amendments to apply the same restrictions on Belarusian citizens as on Russian citizens, Viktorija Cmilyte-Nielsen, speaker of the Lithuanian parliament, the Seimas, announced, BNS reports. Speaking after a meeting of coalition parties, Cmilyte-Nielsen, who chairs the Lithuanian Liberal Movement (LLS), reiterated her position that the restrictions on Belarusians…
The financial intelligence units (FIU) of the Baltic States have conducted a first joint study of cash flows in the region, BNS reports. The study showed that the risks and vulnerabilities related to the flow of cash have changed in the region in 2019-2022. While there is a significant flow of cash from all three…
The Estonian Reform Party does not want its leader, Kaja Kallas, to resign as prime minister, despite a scandal over the involvement of Kallas’s husband in business with Russia, ERR reports. Kallas has repeatedly insisted that she would not resign, and said that her party was not looking for a new prime minister, either. Following…
Latvia’s New Unity will form a new coalition government with the Union of Greens and Farmers (ZZS) and the Progressives, New Unity’s prime minister candidate, Evika Silina, announced, LSM reports. Silina said that the Latvian parliament, the Saeima, could possibly vote on endorsing the new government on 15 September 2023. The new coalition would have…
Average labour income in Lithuania stood at EUR 1,980 before taxes in the second quarter of 2023, which was up 12.3% from the same period of 2022, according to the State Social Insurance Fund (SoDra), BNS reports. The average monthly net wage amounted to EUR 1,230, which was up 11.2% over a year. The fastest…
Estonia’s Prime Minister, Estonian Reform Party leader Kaja Kallas, remains the most popular candidate for prime minister, according to a Norstat poll for the Institute of Societal Research (YI) in late August 2023, ERR reports. The survey showed that 23.7% of voters would like Kallas to remain as prime minister, while 20.2% prefer Jüri Ratas,…
Latvia’s President, Edgars Rinkevics, met with representatives of the United List alliance to discuss the formation of a new coalition government, LETA reports. He said that forming a government with the broadest possible parliamentary majority was still possible. Earlier, United List refused an invitation from prime minister-designate Evika Silina to form a four-party coalition government…
Lithuanian commercial banks and other credit institutions are due to pay a total of over EUR 50mn in temporary solidarity tax by 31 August 2023, BNS reports. Banks will have to pay the full tax for 2023 by 15 June 2024. The tax is calculated based on net interest income that exceeds the average income…