Latvians and Lithuanians work longer hours than Estonians, according to Eurostat data, LSM reports. The average working hours for employed persons in both Latvia and Lithuania stood at 38.3 hours per week in 2024, compared to just 36.5 hours in Estonia. The EU average was 36.0 hours. For employees, average working hours were 38.6 hours…
The Estonian government has approved a new climate law, sending the draft bill to the country’s parliament, the Riigikogu, for consideration, ERR reports. The legislation establishes general greenhouse gas emission reduction targets for 2030, 2035, and 2040. The parliament has already set a goal for climate neutrality by 2050. Sector-specific emission reduction targets are included…
The founder of a Belarusian startup firm is on trial in Latvia for violating EU sanctions, LSM reports. Igor Medved, founder of Nordwoc, is accused of supplying high-tech equipment to the Belarusian military-industrial complex. The prosecutor has asked for Medved to be sentenced to two years in prison, fines, and confiscation of property. The entrepreneur…
Nearly half of small and medium-sized enterprises (SMEs) in Estonia regard the country’s economic climate as being negative, according to a Turu-Uuringute poll for loan comparison platform Sortter, BNS reports. The survey showed that 46% of local entrepreneurs saw the economic climate as negative in August 2024. The main perceived challenges included operating costs (57%)…