The Latvian government plans to raise taxes on fuel, harmful beverages, tobacco, and gambling, LETA reports. Under the plan, the excise tax on fuel will amount to EUR 10 per tonne of CO2 in 2025 and to EUR 20 per tonne in 2026. The excise duty on sugary non-alcoholic beverages will rise from the current…
Lithuania’s Vilnius City District Court has approved a request from the European Public Prosecutor’s Office (EPPO) to arrest Sarunas Stepukonis, former partner at Estonia-registered BaltCap Infrastructure Fund (BInF), BNS reports. Stepukonis is suspected of embezzling at least EUR 27mn from the fund. His current whereabouts are unknown. BaltCap has sued Stepukonis and casino operator Olympic…
The Latvian parliament, the Saeima, has approved amendments raising the smoking age limit from 18 to 20 years as of 1 January 2025, LSM reports. The law covers cigarettes, tobacco products, herbal smoking items, electronic smoking devices, and refill containers. Violations can result in fines of EUR 280-700 for individuals and EUR 700-7,100 for legal…