The Estonian government plans to raise the country’s retirement age by one month as of 2027, ERR reports, citing daily Õhtuleht. Under the change, the new retirement age will be 65 years and one month. The retirement age is linked to the life expectancy of 65-year-olds. However, the retirement age cannot be raised by more…
Latvian President Edgars Rinkevics criticised Transport Minister Kaspars Briskens for his communication on the development of the country’s national air carrier, airBaltic, and the Rail Baltica railway project, LSM reports. Rinkevics said that the minister’s communication had been a “complete failure.” Speaking after her meeting with the President, Prime Minister Evika Silina said that she…
The Latvian government may impose a new surplus profit tax on individual banks as of 2025, Economy Minister Viktors Valainis has announced, LSM reports. The tax could be levied for two years. Valainis argued that the tax would incentivise banks to increase their lending significantly. Banks that increased their volume of lending could then be…
The Estonian government will impose a lower ceiling on parental benefits and a cap on sickness benefits as of 2026, ERR reports. The government will reduce the maximum rate for parental benefits from the current three times the average wage to twice the average wage. The cut will affect around 3,500 people annually, or about…
Lithuanian Foreign Minister Gabrielius Landsbergis criticised Mongolia for the visit of Russian President Vladimir Putin to the country, BNS reports. Landsbergis said that Mongolia’s refusal to arrest Putin despite the International Criminal Court’s (ICC) arrest warrant was “another crack in the system based on international law.” The ICC issued the arrest warrant on Putin over…
Latvia’s national air carrier, airBaltic, may have to delay its planned initial public offering (IPO) until the first half of 2025 amid investor worries about the aviation industry’s profitability, CEO Martin Gauss said, traders.lt reports. The company plans to raise as much as EUR 300mn through the IPO planned for later in 2024, BNN Bloomberg reports….
Estonia’s liberal Estonia 200 (E200) party, junior partner in the country’s current coalition government, has elected Education Minister Kristina Kallas as its new chairperson, replacing Foreign Minister Margus Tsahkna, ERR reports. Kallas stressed the importance of values as a “key component” in politics. E200 will now start preparing for upcoming local elections and will strive…
The Latvian government has decided to launch an initial public offering (IPO) of shares in the state-owned national air carrier, airBaltic, by the end of 2024, ERR reports. Transport Minister Kaspars Briskens said that the IPO would proceed concurrently with talks with a new strategic investor, LSM reported. He said that the state only planned…
Ministers in Estonia’s new government led by Kristen Michal of the Estonian Reform Party have been sworn in before the country’s parliament, the Riigikogu, ERR reports. Reform has seven, the Social Democratic Party (SDE) four, and Estonia 200 three ministers in the new coalition. The cabinet of ministers includes seven men and seven women.