Hungarian banking group OTP Bank’s operations in Russia raise “legitimate questions” about its planned acquisition of the Baltic banking group, Luminor Bank, Lithuania’s central bank, the Bank of Lithuania, stated, Reuters reports. Earlier, OTP Bank announced that it had signed an agreement to buy Estonia-based Luminor. The Bank of Lithuania said that the European Central…
The Latvian state is in talks with three potential investors in the country’s national air carrier, airBaltic, Prime Minister Andris Kulbergs announced, LSM reports. Speaking in an interview with Latvijas Radio, Kulbergs said that the state should no longer be involved in the aviation business. Also, he insisted that the state’s share in shouldering airBaltic’s…
Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….
Russia may launch attacks against the Baltic States or Poland, Lithuania’s Defence Minister, Robertas Kaunas, warned, LRT reports. Being unable to win the war against Ukraine, Russia may target the Baltic States or Poland to secure “some kind of new win,” Kaunas suggested. He said that Lithuania was drawing up additional contingency plans to respond…
Lithuania may impose temporary border controls with Latvia due to a surge in the number of irregular migrants arriving from Belarus via Latvia, Interior Minister Martynas Katelynas warned, LRT reported. He insisted that Lithuania cannot become a “transit country that anyone can pass through” and urged Latvia to take more responsibility for the problem, LRT and BNS…
Altogether 14 political groups have submitted lists of candidates for Latvia’s upcoming parliamentary elections in October 2026, according to the Central Election Commission (CVK), LETA reports. The number of candidates registered totals 1,434. In the previous parliamentary elections in 2022, there were 19 lists with 1,829 candidates. Only 33.1% of all candidates running in 2026…
Latvia and Lithuania and six other EU member states have joined Estonia’s call to ban EU funding for the International Olympic Committee (IOC), ERR reported. Earlier, the IOC executive committee provisionally lifted the suspension of the Russian Olympic Committee, allowing Russian athletes to return to international competitions under the Russian flag. Under the Estonian proposal,…
Lithuania’s new government is not expected to make any major changes in foreign policy, LRT reports. Prime Minister Mindaugas Sinkevicius named regional security, Baltic cooperation, and strengthening ties with the US as his priorities, BNS and The Baltic Times reported. The government calls for a more united Europe, while maintaining strategic partnerships with Germany, Poland,…
Latvia’s central bank and the country’s Finance Ministry have both lowered their GDP growth forecasts and raised their inflation forecasts. Latvia’s GDP growth will drop to 2.0% in 2026, before rising to 2.4% in 2027 and 3.0% in 2028, according to the Bank of Latvia’s latest macroeconomic projection. In December 2025, the central bank had…
