The Baltic States continue to have the highest loan interest rates in the eurozone, according to data from the European Central Bank (ECB), ERR reports. The average interest rate in the three Baltic countries was 5.9% at the end of November 2023. The eurozone average stood at 4.1%. Meanwhile, the average interest on consumer loans…
Satisfaction with life in the Baltic States was lowest in Latvia in 2022, according to Eurostat data, LSM reported. Residents in Latvia rated their overall life satisfaction at just 6.8 out of 10 points in 2022, which was up from 6.7 in 2021. The indicator stood at 7.1 (7.0) points in Lithuania and 7.2 (7.2)…
Europe has three to five years to prepare for Russia to pose a serious threat to NATO’s eastern flank, Estonian Prime Minister Kaja Kallas estimated, ERR reports. Speaking in an interview with The Times, Kallas said that the time frame depended on NATO unity and continued support for Ukraine. She conceded that there were signs…
Latvia and Lithuania were among the largest exporters of beer to Russia in 2023, LRT reported, citing Russian news agency RIA Novosti. According to the report, the value of Lithuania’s beer exports to Russia amounted to USD 36.5mn in 2023, which was up by 1.9 times from 2022, accounting for just over 15% of Russia’s…
NATO is preparing for a possible Russian attack on the alliance’s eastern flank, with the Baltic States being the main target, according to German tabloid Bild, LETA reports. Bild referenced a “secret document” of the German Defence Ministry, describing a possible scenario of a war between Russia and NATO in summer 2025. According to the…
The chairmen of the foreign affairs committees of the Baltic parliaments, Estonia’s Marko Mihkelson, Latvia’s Rihards Kols, and Lithuania’s Zygimantas Pavilionis, praised Taiwan’s presidential and legislative elections held on 13 January 2023, LSM reports. In a joint statement, they said that the elections demonstrated the strength of Taiwan’s “robust democratic system,” saying that the country…
Housing prices more than tripled in Estonia between 2010 and the third quarter of 2023, rising by 210%, according to Eurostat data, LSM reports. Meanwhile, housing prices more than doubled in Lithuania (up 158%) and Latvia (up 141%) over the same period. The increase in rents was the EU’s highest in Estonia (up 218%) and…
Researchers at Russia’s Pskov State University have compiled an analytical report on the use of Russia’s “soft power” instruments in the Baltic States, Baltic News Network reports. The report discusses the challenges posed by restrictions on Russian propaganda in the region, suggesting alternative methods of influence. The report claims that people in the Baltic States…
Ukrainian President Volodymyr Zelensky has concluded a two-day official visit to the three Baltic States. At a press conference with Lithuanian President Gitanas Nauseda, Zelensky said that his visit underscored the “shared trust” between nations in Russia’s neighbourhood, BNS reported. Speaking to a large crowd outside the Presidential Palace in Vilnius, Zelensky said that Russia…