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…
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…
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…
Lithuania’s Foreign Ministry has invited the Vatican’s representative in Lithuania for a conversation after Pope Francis gave statements praising Russia, BNS reports. Speaking online to a group of Catholic Russians in Saint Petersburg, Pope Francis said that they were “heirs of the great Mother Russia” and of an “empire of great culture and great humanity.”…
Latvia’s national air carrier, airBaltic, will open flights on eleven new routes in May 2024, including seven from Latvia, two from Estonia, and two from Lithuania, BNS reports. The company will open flights from Riga to Alicante, Chisinau, Ljubljana, Pristina, Skopje, Sofia, and Tirana. Also, airBaltic will open flights from Tallinn to Billund in Denmark…
Lithuanian President Gitanas Nauseda will make efforts to ensure that Germany’s brigade is deployed to Lithuania by 2026, according to his chief foreign policy adviser, Asta Skaisgiryte, BNS reports. Germany’s chief of defence, General Carsten Breuer, said that Germany would begin deploying the brigade in early 2024. Nauseda met with Breuer in Vilnius to discuss…
The Baltic States and Poland have agreed to close their borders with Belarus in the event of a “critical incident” involving the Russian private military company, Wagner Group, Polish Interior Minister Mariusz Kaminski announced, TVP World reports. Following their meeting in Warsaw, the Baltic and Polish interior ministers demanded that Belarus expel the Wagner mercenaries…
Estonia’s real GDP will decline by 2.0% in 2023, according to the Ministry of Finance’s latest forecast, BNS reports. The GDP will grow by 2.7% in 2024, by 3.0% in 2025, by 2.5% in 2026, and by 2.2% in 2027, the ministry projects. Earlier, the ministry expected real GDP to drop by 1.5% in 2023…
The Lithuanian Migration Department (LMD) has refused to grant asylum to Belarusian activist Volha Karach on national security grounds, LRT reports. The State Security Department (VSD) revealed that Karach had cooperated with Russian intelligence services, providing them with information about the Belarusian regime and opposition. In exchange, Russian intelligence services helped Karach manage her image….