Latvia: Government, banks review anti-money laundering measures

Latvia’s Financial Sector Development Board (FSAP), chaired by Prime Minister Evika Silina, reviewed the country’s anti-money laundering (AML) measures during a meeting on 5 September 2024, LSM reports. The Financial Intelligence Unit (FID) reported on Latvia’s progress in relation to the Council of Europe’s evaluation of the country’s AML efforts. The meeting also addressed concerns…

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Estonia: Armed forces insist on EUR 1.6bn for new ammunition

The Estonian Defence Forces (EDF) warned that war would ravage Estonia if the government failed to purchase additional ammunition as requested, ERR reports. EDF has requested EUR 1.6bn worth of ammunition. EDF commander General Andrus Merilo said that if only half of the ammunition was purchased, all combat operations during war would take place on…

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Lithuania: Permanent defence barriers set up on border with Russia

Lithuania is deploying permanent counter-mobility measures on parts of its border with Russia’s Kaliningrad (Königsberg) region, LRT reports. The installations include barriers on the Queen Louise Bridge separating Panemune in Lithuania and Sovetsk on the Russian side to stop the movement of hostile vehicles. Defence Minister Laurynas Kasciunas said that the government planned to spend…

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Latvia: State support for political parties to be frozen in 2025

The Latvian government will freeze public funding for political parties in 2025, Prime Minister Evika Silina announced, LSM reports. She said that coalition parties had approved the proposal to halt the indexation of state support for parties. The government’s austerity measures have required ministries to cut spending in the public sector. Altogether 12 political parties…

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Latvia: Rail Baltica costs need to be reduced: EC Vice-President

The Latvian government should seek to reduce the costs of the Rail Baltica railway project, the European Commission’s Executive Vice-President Valdis Dombrovskis stated, LETA reports. Speaking in an interview with Latvijas Radio, Dombrovskis pointed out that not everything could be financed with EU funds. He said that part of the project should be financed from…

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