An overwhelming majority of Latvians are worried about their life in retirement, according to a Norstat poll for insurance company ERGO, LSM reports. The survey showed that 68% of Latvian residents were anxious about retirement, including 74% of women and 62% of men. The main causes for concern were lack of money (67%), health issues…
Gender equality in Lithuania improved in 2025, according to the European Institute for Gender Equality’s (EIGE) Gender Equality Index, BNS reports. Lithuania ranked 14th out of 27 EU member states, which was up from 16th place in 2024. Lithuania’s national score on the equality index was 60.9 out of 100 points, which was below the…
Latvians are not buying homes due to high prices, insufficient savings and income, and economic uncertainty, according to a Norstat survey carried out for Luminor Bank in September 2025, LSM reports. The survey showed that 27% of Latvian residents cited high real estate prices as the main obstacle to buying a home. Another 24% of…
Lithuanians are the most active savers in the Baltic States, according to a September 2025 poll for Luminor Bank, The Baltic Times reports. In the survey, 23% of Lithuanians, 17% of Estonians, and 14% of Latvians said that they were able to save more than 10% of their income regularly. As many as 43% of…
The Latvian government plans to raise the personal income tax (PIT) for those with high income in 2025, LETA reports. Under the plan, the government will introduce an additional 3% PIT rate for those with income of over EUR 200,000 per year. The additional tax will apply to all taxable income, including capital gains. At…
Latvia’s State Revenue Service (VID) will contact 260 construction companies that are paying atypically low wages to their workers, LETA reports. Speaking in an interview with LTV, VID director general Baiba Smite-Roke noted that the companies were paying wages that were significantly lower than the average. The aim was to ascertain whether the companies were…
Estonia’s Ministry of Finance has proposed postponing the introduction of a unified tax-free income threshold until 2026, ERR reports. The ministry said that the move would ensure that Estonia’s state budget deficit did not exceed 3% as required under EU law. Under the current system, gross income of EUR 1,200 per month is exempt from…
The Latvian government plans to raise the country’s minimum wage in 2025, Finance Minister Arvils Aseradens announced, LETA reports. Under the minimum wage algorithm, the monthly minimum wage will rise to EUR 740 in 2025, EUR 780 in 2026, EUR 820 in 2027, and EUR 860 in 2028. Currently, the minimum wage stands at EUR…
Lithuania’s central bank, the Bank of Lithuania, has proposed a comprehensive review of existing tax exemptions, income and wealth taxation, and reducing the VAT gap to increase budget revenue as the population ages, BNS reports. Vaidotas Tuzikas, principal economist at the Bank of Lithuania, noted that Lithuania’s ratio of tax collection to GDP of 4.5%…