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…
Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…
The Lithuanian government has granted special status to German arms manufacturer Rheinmetall’s planned artillery ammunition plant in Radviliskis district, BNS reports. The designation allows the company to begin construction of the plant without the standard construction permits, which must be obtained before completion. The plant, which will be named the Lithuanian Centre of Excellence for…
Estonia’s incoming ruling coalition has agreed to implement budget cuts across all ministries, including defence and interior affairs, ERR reports. Margus Tsahkna, chairman of Estonia 200, said that each ministry would likely face a percentage-based cut to salaries and management costs, and that no new jobs would be created. The coalition plans to extend the…
Lithuania will begin issuing defence bonds after 1 October 2024, Finance Minister Gintare Skaiste announced, BNS reports. The defence bonds will have a maximum interest rate of 2%, which is lower than on savings certificates. The lower rate will ensure that the state borrows for defence at a rate that is cheaper than the market…
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…
US technology company Meta has barred users of its Facebook social media platform from sharing an article on Estonian Internal Security Service (KAPO) officers allegedly attending an event under false names to gather information on members of the Sakala fraternity at the University of Tartu, ERR reports. KAPO and the Estonian government’s communications office categorically denied taking…
Estonia’s ruling Estonian Reform Party, Social Democratic Party (SDE), and Estonia 200 (E200) have started negotiations on forming a new coalition, ERR reports. The three parties hope to reach an agreement by the end of July 2024. The parties form outgoing Prime Minister Kaja Kallas’s coalition government. The new coalition would be led by Reform’s…
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…