The prime ministers of the three Baltic States will meet in the Latvian capital, Riga, on 12 December 2025, BNS reports. The meeting concludes Latvia’s presidency of the Baltic Council of Ministers. Estonia will take over the presidency in 2026. The prime ministers will discuss regional security, including support for Ukraine and strengthening Europe’s eastern…
Latvia’s Ministry of Defence has announced details on its planned spending under the government’s defence budget in 2026, LSM reports. Latvia will spend a total of EUR 2.158bn on defence in 2026, which will be 4.91% of the estimated annual GDP. Altogether EUR 1.14bn (53%) of the defence budget will go to buy new military…
Thousands of people gathered outside the Lithuanian parliament, the Seimas, on 9 December 2025 to protest against planned changes to the management of the country’s public broadcaster, Lithuanian National Radio and Television (LRT), BNS reports. Location data from mobile operators showed that around 40,000 people took part in the demonstration, DELFI reported. The protesters accused…
The Baltic States will receive “special favour” from the United States in the future for being “model allies” who prioritise their own defence, US Secretary of Defence Pete Hegseth stated, ERR reports. The three Baltic countries have pledged to allocate 5% of their GDP to defence over the coming years. Allies that “fail to do…
Estonia hopes to receive around EUR 6bn more from than it pays to the EU’s budget for 2028-2034, Finance Minister Jürgen Ligi said, ERR reports. Under the current budget proposal, Estonia would contribute EUR 4.8bn to the EU’s next multiannual financial framework. Estonia’s national allocation would amount to EUR 6.5bn and funds awarded competitively to…
The Latvian parliament, the Saeima, has approved in final reading the state budget for 2026, LSM reports. Altogether 52 MPs voted for and 42 against the budget bill. This is the current coalition government’s third budget. The government foresees annual revenues of EUR 16.1bn, which would be EUR 944.6mn more than in 2025. Budget expenditures…
The Latvian parliament, the Saeima, has approved in final reading draft laws accompanying the state budget for 2026, LETA reports. MPs will now begin discussing the draft budget. The government’s budget priorities are national security, support for families with children, and high-quality education. Revenues are planned at EUR 16.1bn and expenditures at EUR 17.9bn. The…
The Latvian parliament, the Saeima, has approved amendments reducing state support for Ukrainian refugees in Latvia, LSM reports. The government will allocate EUR 39.7mn of budget funds to support Ukrainians in the country in 2026, which will be down from EUR 65mn in 2025. The government will stop support to those Ukrainians who have found…
The international credit rating agency, S&P Global, has affirmed Latvia’s sovereign credit rating at A/A-1 with a stable outlook, unchanged from its previous report in May 2025, LSM reports. The agency noted persistent geopolitical uncertainty and elevated regional security risks, but expects Latvia to adhere to prudent fiscal policy and to withstand external headwinds in…
