The EU should take on joint debt to finance defence spending, Gediminas Simkus, board chairman of the Bank of Lithuania, stated, BNS reports. Speaking in an interview with Politico, Simkus called for “more unity in defence” in the EU, noting that the European defence industry market was still very fragmented. He said that the “time…
The Latvian government may have to take additional austerity measures to implement the ruling coalition’s policy priorities, Prime Minister Evika Silina stated, LETA reports. Earlier, ministries submitted proposals to cut altogether EUR 150mn in public sector spending in 2026. Speaking in an interview with TV3, Silina said that the sum might not be enough to…
Estonia’s Financial Intelligence Unit (FIU) checked around 2,000 bank statements without legal authority, Chancellor of Justice Ülle Madise announced, ERR reports. FIU had obtained full bank statements via the data exchange layer connected to the enforcement register, whereas the law only allows FIU access to basic information about bank accounts. FIU told ERR that it…
Estonian entrepreneur Urmas Sõõrumaa has withdrawn his candidacy for mayor of Tallinn, ERR reports. Earlier, Sõõrumaa proposed forming a technocratic city government that would follow guidelines from the Estonian Reform Party and the Estonian Centre Party (Keskerakond) until the local elections in October 2025. Reform’s current coalition partner, the Social Democratic Party (SDE), accused Reform…
A court in Estonia has found two Moldovan nationals guilty of an arson attack against a Ukrainian restaurant in Tallinn in January 2025, ERR reports. The two men were arrested in Italy in February 2025. One of the defendants told prosecutors that he was tasked by persons connected to Russian military intelligence (GRU) to firebomb…
Estonian Finance Minister Jürgen Ligi said that public outcry over inflation was misplaced, ERR reports. He argued that complaining about rising prices was “as stupid as cursing bad weather when you wake up in the morning.” Ligi stressed that most prices were not under government control, and that the government could thus neither cause nor…
Lithuania’s State Tax Inspectorate (VMI) found no tax violations at a startup company co-owned by Prime Minister Gintautas Paluckas, BNS reports. VMI initiated checks at battery system developer Garnis, of which Paluckas owns 49%, in June 2025, following a request from the chairman of the opposition Homeland Union, MP Laurynas Kasciunas. Earlier, the state-owned national…
Israel will soon open an embassy in Estonia, Israeli Foreign Minister Gideon Sa’ar announced, ERR reports. Speaking at a joint press conference with Estonian Foreign Minister Margus Tsahkna in Tallinn, Sa’ar said that the opening of the embassy would strengthen economic and military cooperation between the two countries. Tsahkna noted that Israel was an important…
The Lithuanian government has approved the Energy Ministry’s proposal to assess the potential for developing nuclear energy capacity in the country, BNS reports. The ministry will set up a special working group to assess the possible establishment of small modular nuclear reactors with a capacity of 1.5 GW. Lithuania’s electricity demand is estimated to reach…
