Estonia’s central bank, the Bank of Estonia, has recommended that residents keep about a week’s worth of cash at home, ERR reports. Rainer Olt, head of payment and settlement systems at the Bank of Estonia, stressed that cash reserves were necessary in case of disruptions to electronic payment systems. Around 8% of Estonians prefer to…
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…
The Latvian parliament, the Saeima, has extended a ban on the import of agricultural and animal feed products from Russia and Belarus until 1 July 2027, LSM reports. Latvia banned the import of certain agricultural products from the two aggressor states in March 2024. The ban applies to products originating from Russia or Belarus that…
Estonia’s Finance Ministry has drafted legislative amendments that would grant the Financial Intelligence Unit (FIU) explicit authority to access banking data to combat money laundering, ERR reports. Under the law, banks would not be allowed to inform clients about such inquiries. Earlier, following criticism from Chancellor of Justice Ülle Madise, Justice Minister Liisa Pakosta restricted…
Lithuania’s three international airports will offer flights to 100 destinations in 54 countries in summer 2026, state-owned airport operator Lietuvos Oro Uostai (LTOU) announced, The Baltic Times reports. LTOU’s airports will have more flights to Copenhagen, Frankfurt, Helsinki, and Warsaw. Vilnius International Airport will offer new direct routes to Gdansk in Poland and Podgorica in…
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 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…
The Latvian government has proposed granting a short-term loan of EUR 30mn to the national air carrier, airBaltic, due to the rapid rise in fuel prices, LSM reports. Speaking in an interview with LTV, Prime Minister Evika Silina admitted that the company may need more state support later, however. Earlier, airBaltic estimated that it would…
Estonia’s bankrupt state-owned airline, Nordica, has shut down operations after the sale of all its leased aircraft to US-based Regional One, ERR reports. Nordica’s last jet, a Bombardier CRJ-900NG, took off from Tallinn Airport on 31 March 2026. The planes had been leased to Nordica’s subsidiary, Regional Jet (Xfly), which has filed for bankruptcy as…