Latvian President Edgars Rinkevics has turned to the State Security Service (VDD) over Hungarian banking group OTP Bank’s plan to acquire the Baltic banking group, Luminor Bank, LSM reports. He noted that the statement of intent on the possible acquisition was just the start of the process, adding that regulatory approval for the deal would…
Lithuania’s budget deficit was the smallest in the Baltic States in the first quarter of 2026, according to Eurostat data, BNS reported. Lithuania’s budget deficit stood at 0.9% of GDP, which was down from 1.7% in the fourth quarter of 2025. Estonia’s budget deficit amounted 1.2% (1.3%) and Latvia’s to 1.9% (2.4%) of GDP. Meanwhile,…
Lithuania’s Court of Appeal has found MP Remigijus Zemaitaitis, leader of the far-right populist party, Dawn of Nemunas (PPNA), guilty of antisemitism, BNS reports. The court found that Zemaitaitis had incited hatred against Jews and grossly trivialised the Holocaust, systematically distorting historical facts and making “dehumanising comparisons.” The court ordered the MP to pay a…
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 European Court of Human Rights (ECHR) has ordered Lithuania to pay damages to a Saudi national who was detained at a secret CIA prison in the country, BNS reports. The court found that the man was held at the so-called black site near Vilnius for more than five months in 2005-2006. The man, who…
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…
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,…
