Estonia’s central bank, the Bank of Estonia, opposes the government’s plan to replace Estonia’s self-imposed budgetary discipline rules with the EU’s less stringent budget rules, ERR reports. Ülo Kaasik, vice-president of the Bank of Estonia, insisted that changing the rules simply because of an inability to meet them was never a good idea. He warned…
The financial intelligence units (FIU) of the Baltic States have conducted a first joint study of cash flows in the region, BNS reports. The study showed that the risks and vulnerabilities related to the flow of cash have changed in the region in 2019-2022. While there is a significant flow of cash from all three…
The European Commission (EC) demands hundreds of thousands of euros in fines from Estonia for late implementation of two EU directives, ERR reports. Estonia has failed to transpose the so-called whistleblower directive into national law by December 2021. Also, the EC has initiated infringement procedures against Estonia over the European Competition Network (ECN+) directive, which…
Lithuanian mobile operators criticised the government’s plan to introduce mandatory registration of prepaid SIM cards as of 2024, LRT reports. The government argues that mandatory registration is necessary due to phone fraud and other criminal activity. Vytautas Bucinskas, head of business assurance at Telia Lietuva, pointed out that prepaid SIM cards were often used by…
Latvian President Edgars Rinkevics called for a review of existing electricity distribution tariffs, LSM reports. Speaking after a meeting with Prime Minister Krisjanis Karins, Rinkevics said that the behaviour of the market regulator, the Public Utilities Commission (SPRK), was “unacceptable.” He insisted that the increase in electricity tariffs was “disproportionate.” The new tariffs came into…
The Estonian Competition Authority (Konkurentsiamet) has approved Finnish meat processing group HKScan’s sale of its Baltic businesses to Estonia’s Maag Grupp, LSM reports. However, Maag Grupp will have to sell two of its major food brands, Rannamõisa and Rannarootsi Lihatööstus, ERR reports. Under the deal signed in December 2022, Maag Grupp will acquire HKScan’s Rakvere…
Lithuania’s State Commission of the Lithuanian Language (VLKK) recently ordered the authorities in Vilnius district municipality to remove bilingual Lithuanian-Polish signs in the villages of Azulauke and Bieliskes, LRT reports. The municipality refused to comply and took the issue to the Administrative Disputes Commission, which found that VLKK’s order was unlawful and unfounded. Audrius Valotka,…
Estonia’s Political Parties Financing Surveillance Committe (ERJK) has asked six political parties whether they received services that may be classified as prohibited donations from the Liberal Citizen Foundation (SALK), ERR reports. ERJK sent the inquiries to current ruling coalition parties Estonian Reform Party, Estonia 200, the Social Democratic Party (SDE), as well as the opposition’s…
Estonia’s Ministry of Interior will propose banning the use of non-personalised prepaid SIM cards, ERR reports. Under the proposal, anyone would still be able to buy a prepaid SIM card, but would have to provide personal details to activate the card. Veiko Kommusaar, undersecretary for internal security at the Ministry of Interior, noted that Estonia…