The Latvian government plans to restrict the ability of Russian citizens to buy land in Latvia, LETA reports. The ruling three-party coalition has agreed on the plan conceptually, following a proposal from the Ministry of Agriculture. The government will analyse the example of similar draft legislation in Finland. Latvian Foreign Minister Baiba Braze has discussed…
Lithuania’s central bank, the Bank of Lithuania, has proposed a comprehensive review of existing tax exemptions, income and wealth taxation, and reducing the VAT gap to increase budget revenue as the population ages, BNS reports. Vaidotas Tuzikas, principal economist at the Bank of Lithuania, noted that Lithuania’s ratio of tax collection to GDP of 4.5%…
Nearly 1,000 Jews have submitted claims for compensation for property illegally expropriated in Lithuania during the 20th century, BNS reports. The Good Will Foundation (GVF), which handles the claims, is currently evaluating 951 applications. The evaluation process involves three stages: checking administrative eligibility, review by the restitution committee, and final decision by the foundation’s board….