National security, defence, and education will remain the main priorities of Lithuania’s state budget in 2025, Prime Minister Ingrida Simonyte stated, BNS reports. Speaking in an interview with Info TV, Simonyte said that the government would spend a large part of budget revenues to raise pensions, increase teacher salaries, and service the public debt. The…
Estonian Prime Minister Kaja Kallas has pledged not to comment on domestic politics if she is appointed as the EU’s foreign policy chief, ERR reports. She will be stepping down after over three years in office. Despite challenges and tensions within the ruling coalition during her tenure, Kallas acknowledged the honour of serving and expressed…
The Estonian Reform Party has proposed reducing the tax-free income threshold to boost government budget revenue, Prime Minister Kaja Kallas revealed, ERR reports. However, she said that Reform’s coalition partners, Estonia 200 and the Social Democratic Party (SDE), opposed the idea due to its potential adverse impact on low-income earners. Interior Minister Lauri Läänemets of…
Latvian Prime Minister Evika Silina has met with a visiting delegation from the Appropriations Committee of the US House of Representatives, LSM reports. The delegation was led by Congressman Tom Cole of Oklahoma and included congressmen Mario Diaz-Balart of Florida, Chuck Fleischmann of Tennessee, Chuck Edwards of North Carolina, and Jake Ellzey of Texas. The…
Estonia’s ruling coalition parties have agreed to introduce a new tax to fund national defence, ERR reports. Incoming prime minister Kristen Michal of the Estonian Reform Party stated that the tax would likely combine increases in VAT, income tax, and excise duties. The aim was to distribute the financial burden evenly across different societal groups,…
Estonia’s outgoing prime minister, Kaja Kallas, has picked Vivian Loonela, head of the European Commission’s representation in Estonia, as her chief of staff if she is confirmed as EU’s foreign policy chief, ERR reports. Before her current position, Loonela served as the head of the Estonian delegation at the European Commission. The European Parliament will…
Representatives from Lithuania’s five largest commercial banks — Citadele, Luminor, OP Corporate Bank, SEB Bank, and Swedbank — met with Prime Minister Ingrida Simonyte to express dissatisfaction with the extension of the windfall tax on bank profits, BNS reports. They voiced concerns over the unpredictability of the investment environment and the lack of cooperation between…
Latvia’s ruling coalition will soon need to discuss “painful decisions” on taxes, Prime Minister Evika Silina stated, LETA reports. Speaking in an interview with TV3, Silina said that simplifying taxation was an important priority. The Ministry of Finance has developed potential proposals for changes on real estate tax, labour costs, corporate income tax, VAT, small…
Negotiations about possible changes to Latvian Prime Minister Evika Silina’s government may resume at the end of summer 2024, with discussions about potentially expanding the coalition, LETA reports. Maris Kucinskis of the opposition United List confirmed the group’s interest in joining the government but only as a unified party. Agriculture Minister Armands Krauze acknowledged informal…