Estonia: IMF, OECD urge budget cuts, tax reform

The International Monetary Fund (IMF) recommended that the Estonian government stabilise public debt by limiting budget spending and increasing revenue, ERR reports. IMF experts warned that if current policies continued, public debt would become unsustainable. GDP growth alone will not solve the country’s long-term challenges, they pointed out. Achieving more sustainable growth would require increasing…

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Baltic: Latvia’s population decline fastest in EU in 2005-2025

Latvia’s population has dropped at the highest rate in the entire EU over the last 20 years, according to Eurostat, LSM reported. Latvia’s population declined by 17% in 2005-2025. Meanwhile, Lithuania’s population decreased by 14%, whereas Estonia’s population only declined by 1% over the same period. The population totalled 2.89 million people in Lithuania, 1.86…

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Lithuania: Parties ponder agreement on demographics

Lithuanian parties are discussing the possibility of signing a long-term national accord on demographic policy, following a proposal from Mindaugas Sinkevicius, chairman of the ruling Social Democratic Party of Lithuania (LSDP), LRT reported. Laurynas Kasciunas, chairman of the opposition Homeland Union, welcomed the proposal, while Viktorija Cmilyte-Nielsen, leader of the opposition Lithuanian Liberal Movement (LLS),…

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