The Latvian parliament, the Saeima, will begin work on legislation to improve consumer protection against financial fraud, Anda Caksa, chairwoman of the parliament’s budget and finance committee, announced, LETA reports. Speaking after a meeting with representatives of the Finance Latvia Association (FNA), Caksa said that legislative changes were needed so as to require mobile operators…
The Baltic States will receive “special favour” from the United States in the future for being “model allies” who prioritise their own defence, US Secretary of Defence Pete Hegseth stated, ERR reports. The three Baltic countries have pledged to allocate 5% of their GDP to defence over the coming years. Allies that “fail to do…
Recent Belarusian actions against Lithuania “could be recognised as terrorism,” Lithuanian Prime Minister Inga Ruginiene stated, BNS reports. She was referring to the launch of smuggler balloons from Belarus into Lithuanian airspace and the detention of Lithuanian trucks in Belarus. The actions endangered aviation security and violated international law, Ruginiene noted, saying that she was…
The Latvian parliament, the Saeima, has approved in final reading draft laws accompanying the state budget for 2026, LETA reports. MPs will now begin discussing the draft budget. The government’s budget priorities are national security, support for families with children, and high-quality education. Revenues are planned at EUR 16.1bn and expenditures at EUR 17.9bn. The…
Estonia’s Ministry of Interior expects the Estonian Orthodox Church of the Moscow Patriarchate (MPEÕK) to leave the jurisdiction of the Russian Orthodox Church before summer 2025, ERR reports. Earlier, the ministry submitted a draft legislative amendment to the Estonian parliament, the Riigikogu, which would ban religious associations directed by countries that threaten Estonia’s public order,…
The four policy priorities of Latvia’s coalition government in 2025 are “security, support for families, economic growth, and reducing bureaucracy,” Prime Minister Evika Silina announced, LSM reports. She will begin individual meetings with ministers to discuss the priorities, according to LETA. Silina said that national security remained the government’s most pressing priority, highlighting the need…
The Latvian parliament, the Saeima, has approved the state budget for 2025, LSM reports. The budget foresees revenues of EUR 18.4bn, while expenditure is planned at EUR 19.7bn. The estimated budget deficit will thus amount to EUR 1.3bn or 2.9% of the GDP. The key budget priorities are internal and external security and competitiveness. The…
The Latvian parliament, the Saeima, has passed in final reading a new tax on local credit institutions, LETA reports. Under the new law, credit institutions registered in Latvia and branches of foreign credit institutions will have to make quarterly solidarity contributions for the next three years. The tax will amount to 60% of their excess…
Lithuanian President Gitanas Nauseda has approved the country’s new cabinet of ministers, BNS reports. He described the incoming centre-left government as more capable than the outgoing centre-right government of Prime Minister Ingrida Simonyte. The Lithuanian Social Democratic Party (LSDP) will hold the post of prime minister and will have nine ministers in the new government,…