Latvia: Bank association opposes proposed windfall tax on banks

Latvia’s banking association, Finance Latvia Association (FNA), opposes a proposed windfall tax on local banks, LETA reports. The association argued that the tax was “disproportionate, short-sighted, and nontransparent.” FNA warned that the tax would have negative long-term consequences, hampering Latvia’s growth, competitiveness, and attractiveness for private investment. The tax would oblige the financial sector to…

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Latvia: Stricter rules on workplace language requirements planned

The social and labour affairs committee of the Latvian parliament, the Saeima, has approved amendments that would introduce stricter rules on workplace language requirements, LSM reports. The amendments aim to strengthen the role of the Latvian language in the labour market. Many employers in Latvia still require that staff speak Russian. The amendments stipulate that…

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Baltic: Leaders visit Ukraine for Crimea Platform summit

Baltic leaders visited Ukraine for the fourth summit of the Crimea Platform and bilateral meetings with their Ukrainian counterparts, The Kyiv Independent reported. Estonian President Alar Karis, Latvian Prime Minister Evika Silina, and Lithuanian Foreign Minister Gabrielius Landsbergis reiterated their calls to lift all restrictions on arming Ukraine, support for a just and lasting peace,…

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Lithuania: Russian opposition activists attacking each other

The attack on exiled Russian opposition activist Leonid Volkov in the Lithuanian capital, Vilnius, in March 2024 was allegedly ordered by another Russian opposition leader, businessman Leonid Nevzlin, according to the Anti-Corruption Foundation (FBK), LRT reports. FBK claimed that the plan was to kidnap Volkov, transport him via Latvia to Russia, and then hand him…

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