Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
Political leaders in the Baltic States criticised US President Donald Trump’s recent remarks that he could pull the US out of NATO. Estonian Foreign Minister Margus Tsahkna said that such suggestions were “harmful even if not acted upon,” ERR reported. He insisted that NATO benefited both Europe and the US, warning that all allies would…
The Lithuanian government will consider cutting the excise duty on diesel fuel temporarily amid the sudden surge in global oil prices, BNS reports. Under the Finance Ministry’s proposed legislative amendments, the fixed portion of the excise duty rate for standard diesel and marked agricultural diesel would be reduced until 15 June 2026. The move would…
The Estonian government has agreed to privatise the state-owned postal services company, Omniva (Eesti Post), through a public auction, ERR reports. Sigrid Soomlais, undersecretary for regional development at the Ministry of Regional Affairs and Agriculture, said that the main reasons for the decision to sell off the company were the changed market situation and the…
Lithuania’s Central Electoral Commission (VRK) has allocated EUR 2.5mn of state funding to ten political parties, BNS reports. The ruling Social Democratic Party of Lithuania (LSDP) received EUR 662,700 and the main opposition party, Homeland Union, EUR 612,000. VRK suspended funding for the far-right coalition party, Dawn of Nemunas (PPNA), due to serious violations of…
Several Ukrainian strike drones have crashed in the three Baltic States and Finland as Ukraine is attacking Russia’s oil and gas infrastructure, Baltic News and YLE reported. The drones are targeting oil and gas terminals and other infrastructure at Russia’s ports on the Gulf of Finland and the Kirishi oil refinery. One of the stray…
Lithuania has proposed an action plan to attract more investments from Taiwan, the Foreign Ministry announced, BNS reports. The plan, which remains a “working draft,” outlines priority sectors and potential projects with a focus on developing Lithuania’s high-tech sector, the ministry said. Asta Skaisgiryte, foreign policy adviser to President Gitanas Nauseda, said that Lithuania could…
Companies in the Baltic States issued an all-time record of EUR 6.68bn in bonds in 2025, which was an increase of more than double from 2024, The Baltic Times reported. The volume of local bonds issued totalled EUR 1.37bn, which was up 42% over a year. The number of Baltic companies issuing bonds reached a…
Lithuanian Prime Minister Inga Ruginiene called for renaming the Taiwanese Representative Office in Vilnius to “Taipei Representative Office” instead, BNS reports. She argued that the decision to open the Taiwanese representation under its current name was a “hasty step,” suggesting that the mistake be corrected. However, such a move would not be a quick decision…