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: United List not working to replace government for now

Latvia’s opposition United List will not try to topple the current coalition government for now, Edgars Tavars, chairman of the party’s parliamentary group, said, LETA reports. Speaking in an interview with TV3, Tavars noted that Prime Minister Evika Silina’s government had a “slight advantage” of votes in the parliament, the Saeima. Tavars said that United…

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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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Latvia: RB Rail to start talks with investors on financing Rail Baltica

The coordinator of the Rail Baltica railway project, RB Rail, will start talks with private investors on financing the project’s implementation in Latvia at the end of 2024, LSM reports. Latvia’s Ministry of Transport presented a report on the project to the public expenditure and audit committee of the Latvian parliament, the Saeima. Latvia has…

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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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