The European Commission will allocate an additional EUR 1.2bn of EU funds for the construction of the Rail Baltica railway, the project’s coordinator, RB Rail, announced, LSM reports. Of the sum, around EUR 370mn will go to Estonia, EUR 346mn to Latvia, and EUR 458mn to Lithuania. Together with national co-financing, total available funding will…
The Lithuanian parliament, the Seimas, has approved legislation tightening the supervision of virtual currency companies, BNS reports. Under the amendments, crypto asset companies will have to obtain licences from the Bank of Lithuania. The amendments implement the European Regulation on Markets in Crypto-Assets (MiCA). Market participants have until June 2025 to be licensed. The central…
Estonian Prime Minister Kaja Kallas has submitted her resignation to President Alar Karis, ERR reports. Kallas will also resign from her post as chairperson of the Estonian Reform Party. Earlier, she was nominated as the EU’s foreign policy chief. Kallas will remain acting head of the government until the new coalition is sworn into office, which…
The Latvian government has approved an updated national energy and climate plan, aimed at meeting the EU’s climate targets by 2030, LSM reports. The plan outlines five key areas: decarbonisation and renewable energy, energy efficiency, energy security, integration with the EU’s internal energy markets, and research, innovation, and competitiveness. The plan includes around 250 measures…
Lithuanian Interior Minister Agne Bilotaite has requested financial support from the EU to strengthen the protection of the country’s border with Russia, BNS reports. In a letter to EU Commissioner for Home Affairs Ylva Johansson, Bilotaite emphasised the need to modernise and update border surveillance systems, with costs estimated at nearly EUR 16mn and required…
Estonia’s ruling coalition parties have agreed to boost Estonia’s economic competitiveness by developing new industries and focusing on nationwide development, ERR reports. The three parties aim to reduce bureaucracy and use EU funds and CO2 money for industrial growth. The coalition plans to distribute subsidies for large investments across Estonia to raise wages and improve…
The Latvian government made a decision in 2015 to include international railway stations at Riga Central Station and Riga International Airport (RIX) in the Rail Baltica project, according to the Ministry of Transport, LETA reports. The then government approved a plan to build the project’s most complex objects first so that they would be available…
Latvian President Edgars Rinkevics called for increased EU defence spending, exempting it from fiscal rules, Kathimerini reports. He emphasised the need for the EU to be more self-reliant in defence and for more coordination in defence matters. During his visit to Athens, Rinkevics discussed with Greek officials boosting economic ties, securing more funding for external…
The Estonian government will tighten controls on the transit of goods subject to EU sanctions, Ukrainska Pravda reports. Prime Minister Kaja Kallas said that attempts to evade sanctions continued to occur on the border with Russia. She noted that the EU’s latest sanctions package exacerbated the threats. The government will therefore replace the present risk-based…