Lithuania’s Vilnius City District Court has approved a request from the European Public Prosecutor’s Office (EPPO) to arrest Sarunas Stepukonis, former partner at Estonia-registered BaltCap Infrastructure Fund (BInF), BNS reports. Stepukonis is suspected of embezzling at least EUR 27mn from the fund. His current whereabouts are unknown. BaltCap has sued Stepukonis and casino operator Olympic…
The growth of household income in Lithuania will exceed inflation by 3-4 times in 2024, Social Security and Labour Minister Monika Navickiene forecasts, BNS reports. The Social Security and Labour Ministry expects that household income will rise by an average 12% on year in 2024, while the Finance Ministry expects Lithuania’s average annual inflation to…
Priority activities in Latvia’s welfare sector require budget funding of EUR 108.7mn in 2024, Welfare Minister Evika Silina stated, Baltic News Network reports. She noted that providing sufficient funding for the welfare sector was an investment into a “stable and well-off society.” Silina said that budget funding was needed for hospice care, child protection, support…
More than a half (55%) of Latvian residents do not know what their pension will be when they reach retirement age, according to a survey conducted by Luminor Bank, TVNET reports. At the same time, 20% of residents admit that they do not know where to look for information about their pension savings. In the…
