The Estonian government expects to raise around EUR 2.47bn of new tax revenue to finance increased defence spending by the end of 2028, the Ministry of Finance estimated, ERR reports. The new so-called broad security tax will consist of three components: increased VAT rate, rise in personal income tax, and a corporate profit tax. The…
The president of the European Commission (EC), Ursula von der Leyen, has presented her list of candidates for EU commissioners, ERR reports. Estonia’s former prime minister, Kaja Kallas, was named as candidate for EU’s foreign policy chief earlier. If confirmed by the European Parliament, she will be one of six EC vice-presidents. Meanwhile, von der…
Estonia’s three-party coalition government has reached agreement on tax changes, Prime Minister Kristen Michal announced, ERR reports. He said that the government would raise the corporate profit tax, personal income tax, and VAT to finance increased spending on defence. The government will raise the VAT rate by 2 percentage points as of 1 July 2025…
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…
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,…
Lithuania will not allow a Maltese-flagged ship carrying ammonium nitrate from Russia to dock at the port of Klaipeda for repairs, Prime Minister Ingrida Simonyte announced, BNS reports. The vessel requested permission to enter the port to unload its cargo of 20,000 tonnes of ammonium nitrate and carry out repairs by a company in Klaipeda….
Some talks have started on a possible candidate for Estonia’s next president in 2026, ERR reports. The president is elected by the Estonian parliament, the Riigikogu, provided an agreement is reached by a two-thirds majority of MPs. The current three-party ruling coalition is two seats short of the 68 votes needed in the 101-seat parliament….
Latvia’s Transport Minister, Kaspars Briskens, has no intention to resign despite criticism of his communication, LSM reports. Earlier, President Edgars Rinkevics and Prime Minister Evika Silina criticised the minister’s messaging on the future of the country’s national air carrier, airBaltic, and the Rail Baltica railway project. Speaking after a meeting with Briskens, Rinkevics said that…
Latvia’s Financial Sector Development Board (FSAP), chaired by Prime Minister Evika Silina, reviewed the country’s anti-money laundering (AML) measures during a meeting on 5 September 2024, LSM reports. The Financial Intelligence Unit (FID) reported on Latvia’s progress in relation to the Council of Europe’s evaluation of the country’s AML efforts. The meeting also addressed concerns…