The Latvian government will need to borrow EUR 3.8bn on international financial markets in 2026 and EUR 4.3bn in 2027, according to Janis Rozenbergs, deputy manager of the State Treasury, LETA reports. He told the budget and finance committee of the Latvian parliament, the Saeima, that the government needed around EUR 2bn per year to…
Lithuania’s GDP rose by 3% over a year in 2024 to EUR 79bn at current prices, according to the State Data Agency’s (VDA) revised data, BNS reports. Gross value added in manufacturing rose by 2.9% and in wholesale and retail trade by 2.6% in constant prices. Growth in professional, scientific, and technical activities stood at…
Thousands of people demonstrated in the centre of the Lithuanian capital, Vilnius, against Prime Minister Gintautas Paluckas on 8 July 2025, BNS reported. The protest rally was organised by the Democracy Forum and local activists. The demonstrators demanded answers from Paluckas on his current and past business dealings, an end to the current coalition with…
Estonian capital Tallinn’s mayor, Jevgeni Ossinovski of the Social Democratic Party (SDE), survived a vote of no confidence in the city council on 8 July 2025, ERR reported. The motion received 33 votes out of 40 needed to oust the mayor. Members of the city’s four-party ruling coalition did not take part in the extraordinary…
The Latvian government may have to take additional austerity measures to implement the ruling coalition’s policy priorities, Prime Minister Evika Silina stated, LETA reports. Earlier, ministries submitted proposals to cut altogether EUR 150mn in public sector spending in 2026. Speaking in an interview with TV3, Silina said that the sum might not be enough to…
The Estonian government has rejected an offer to buy shares in Latvia’s national air carrier, airBaltic, LSM reports. Estonia’s Infrastructure Minister, Kuldar Leis, explained that the decision was due to the fact that airBaltic’s change of management had not been completed and its financial situation remained problematic. He said that Estonia would not raise airport…
Estonian Finance Minister Jürgen Ligi said that public outcry over inflation was misplaced, ERR reports. He argued that complaining about rising prices was “as stupid as cursing bad weather when you wake up in the morning.” Ligi stressed that most prices were not under government control, and that the government could thus neither cause nor…
The Lithuanian government has approved the Energy Ministry’s proposal to assess the potential for developing nuclear energy capacity in the country, BNS reports. The ministry will set up a special working group to assess the possible establishment of small modular nuclear reactors with a capacity of 1.5 GW. Lithuania’s electricity demand is estimated to reach…
Lithuanian Prime Minister Gintautas Paluckas has refused to subject himself to a vote of confidence in the parliament, the Seimas, BNS reports. Opposition MPs have demanded that the Prime Minister resign due to questions about his past business activities. Speaking after a “frank and sincere conversation” with President Gitanas Nauseda, Paluckas insisted that he continued…
