Baltic: Hungary’s OTP Bank to buy Luminor

Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….

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Baltic: Russia may target Baltics, Poland: Lithuanian minister

Russia may launch attacks against the Baltic States or Poland, Lithuania’s Defence Minister, Robertas Kaunas, warned, LRT reports. Being unable to win the war against Ukraine, Russia may target the Baltic States or Poland to secure “some kind of new win,” Kaunas suggested. He said that Lithuania was drawing up additional contingency plans to respond…

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Estonia: New plans to reduce alcohol consumption

An interagency commission of the Estonian government has proposed several measures to reduce the consumption of alcohol in the country, ERR reports. The commission has published a framework plan for Estonia’s alcohol policy for 2026-2035. The document calls for raising the alcohol excise tax, shortening retail alcohol sales hours, reducing the number of licensed outlets,…

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Baltic: Call to ban EU funding for IOC

Latvia and Lithuania and six other EU member states have joined Estonia’s call to ban EU funding for the International Olympic Committee (IOC), ERR reported. Earlier, the IOC executive committee provisionally lifted the suspension of the Russian Olympic Committee, allowing Russian athletes to return to international competitions under the Russian flag. Under the Estonian proposal,…

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Lithuania: New government to make no major foreign policy changes

Lithuania’s new government is not expected to make any major changes in foreign policy, LRT reports. Prime Minister Mindaugas Sinkevicius named regional security, Baltic cooperation, and strengthening ties with the US as his priorities, BNS and The Baltic Times reported. The government calls for a more united Europe, while maintaining strategic partnerships with Germany, Poland,…

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Estonia: Justice chancellor frontrunner for president

Estonia’s Chancellor of Justice, Ülle Madise, is currently the strongest candidate to become the country’s next president, according to experts, ERR reports. Another possible candidate often mentioned is longtime diplomat Jonatan Vseviov, current secretary general of the Estonian Foreign Ministry. Political scientist Tõnis Leht of the Liberal Citizen Foundation (SALK) suggested that both Madise and…

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Baltic: NATO turns from air policing to air defence

At their summit in the Turkish capital, Ankara, NATO leaders decided to turn the alliance’s rotating Baltic Air Policing mission into an air defence mission, ERR reported. The change will allow NATO fighter aircraft to respond more rapidly to threats in Baltic airspace. NATO’s air operations centre in Uedem, Germany, will have authority to decide…

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