The Latvian parliament, the Saeima, has passed in final reading amendments freezing state funding for political parties for one year, LETA reports. Altogether 88 MPs voted in favour of the amendments. State support for political parties in 2025 will be calculated based on the minimum monthly wage in 2024. Altogether 13 parties received a total…
Latvia’s State Treasury has issued seven-year eurobonds worth EUR 600mn on international financial markets, LETA reports. The bonds will mature on 25 January 2032. The bond yield is 3.138%, and the coupon is 3%. Demand for the bonds among investors amounted to almost EUR 5bn. The number of investors was 140. In May 2024, Latvia…
The Latvian government is unlikely to satisfy the Health Ministry’s request for EUR 153.3mn of additional funding for hospitals in the 2025 state budget, LSM reports. Health Minister Hosams Abu Meri said that the money was needed for human resources, medicines, infrastructure, emergency services, digitalisation, and data security. However, the government has listed external and…
The Latvian government will propose amendments that would allow soldiers and internal affairs officers to continue in service while receiving retirement pension, BNS reports. Also, the government will propose amendments allowing people aged over 40 years to join professional service in the military or internal affairs. At present, only citizens aged 18-40 years are eligible…
The Lithuanian government plans to allocate 3% of GDP to defence in the 2025 draft budget, Finance Minister Gintare Skaiste told Ziniu Radijas, BNS reports. However, if the economic indicators allowed, the government could borrow more for specific defence needs, she added. The minister noted that the projected 3% growth of GDP in 2025 would…
The Estonian government has agreed on switching to need-based social benefits in 2028, Education Minister Kristina Kallas announced, BNS reports. She argued that the state and taxpayers could no longer afford distributing equal support to everyone, and that doing so was not even necessary. Better data would allow the state to provide better personalised services, Kallas…
Latvia’s three-party coalition government remains stable, Prime Minister Evika Silina assured, LSM reports. Speaking in an interview with LTV, Silina said that the main issues facing the government included next year’s budget, tax reforms, funding for the Rail Baltica railway project, and the planned IPO of national air carrier airBaltic. However, the Prime Minister implied…
The Estonian government will allocate EUR 2mn for state-owned rail operator Elron to open a regular passenger train connection between Tartu in southern Estonia and the Latvian capital, Riga, ERR reports. The support would allow Elron to open the new passenger service in spring 2025. Piret Hartman, Minister of Regional Affairs and Agriculture, said that the…
Lithuania has asked the European Commission (EC) to disburse EUR 463mn from the EU’s Recovery and Resilience Facility (RRF), BNS reports. This is Lithuania’s third payment request under the facility. Lithuania asked for EUR 174.7mn in grants and EUR 288.3mn in loans. The EC will now assess the request and assess Lithuania’s achievement of the…
