The Latvian state will have to borrow at least EUR 3bn annually for the next four years, Kaspars Abolins, head of the State Treasury, announced, LETA reports. He said that the state needed to refinance earlier Eurobonds and finance the state budget deficit and loans to local governments. The plan was to raise the money…
The Estonian government will not raise wages for teachers in 2025, ERR reports. The Estonian Educational Personnel Union (EHL) has demanded that basic teacher salaries start at the level of the national average wage. However, Education Minister Kristina Kallas noted that the state did not have the money to meet EHL’s demand, which would require…
The Estonian Defence Forces (EDF) warned that war would ravage Estonia if the government failed to purchase additional ammunition as requested, ERR reports. EDF has requested EUR 1.6bn worth of ammunition. EDF commander General Andrus Merilo said that if only half of the ammunition was purchased, all combat operations during war would take place on…
Baltic transport ministers called for increased EU funding for strategic transport infrastructure projects, The Baltic Times reports. The ministers insisted that the Connecting Europe Facility has to remain one of the key instruments in the EU’s next multiannual financial framwork as of 2028, with sufficient funding for cross-border transport, energy, and electronic communications projects. They…
The Latvian government will freeze public funding for political parties in 2025, Prime Minister Evika Silina announced, LSM reports. She said that coalition parties had approved the proposal to halt the indexation of state support for parties. The government’s austerity measures have required ministries to cut spending in the public sector. Altogether 12 political parties…
Lithuania should spend at least 3.5% of its GDP on defence each year, President Gitanas Nauseda stated, BNS reports. He said that military spending should be increased “year after year” to implement plans to modernise the Lithuanian Armed Forces (LGP) and host a full German brigade in the country. Meanwhile, Viktorija Cmilyte-Nielsen, speaker of the Lithuanian…
The Latvian government should seek to reduce the costs of the Rail Baltica railway project, the European Commission’s Executive Vice-President Valdis Dombrovskis stated, LETA reports. Speaking in an interview with Latvijas Radio, Dombrovskis pointed out that not everything could be financed with EU funds. He said that part of the project should be financed from…
The Estonian government plans to cut public funding for political parties by 10% in the 2025 state budget, Prime Minister Kristen Michal announced, ERR reports. Both Michal and Regional Affairs Minister Piret Hartman expect that the reduction will have an impact on party activities. Michal said that right-wing parties, which usually receive more support from…
Latvian hospitals ran a budget deficit of EUR 20mn in the first half of 2024, according to the Latvian Hospital Association (LSB), LSM reports. Emergency services alone cost EUR 8mn more than planned. Several regional hospitals reported that they had already used a large part of the state-funded annual quota for medical services in the…