Latvian businesses urge the government to ease the rules on the entry of foreign labour into the country, LSM reports. Speaking at a conference on human capital development in the Latvian parliament, the Saeima, business representatives and market analysts noted that Latvia’s human resources were exhausted. They called for improving labour availability through relaxed rules…
Latvia’s Office of the Prosecutor General has fined the local LPG supplier, Latvijas Propana Gaze (LPG), and its co-owner, Anatolijs Cernihs, for attempted violation of international sanctions, LETA reports. The prosecutor banned LPG from making any transactions with Belarusian companies for one year. The sanctions violation involved iron and steel products. The prosecutor confiscated EUR…
Latvia’s Ministry of Justice will propose banning vehicles registered in Russia and Belarus from staying in the country for more than three months, LSM reports. Under the proposed law, owners of Russian and Belarusian vehicles would have to re-register the vehicles in Latvia. Justice Minister Inese Libina-Egnere pointed out that keeping cars with Russian or…
Prosecutors in Estonia suspect fuel retailer Olerex and its co-owner, Andres Linnas, of submitting false information to the Estonian Environmental Board (Keskkonnaamet), ERR reports, citing Eesti Päevaleht. Prosecutor Gerd Raudsepp said that Linnas had ordered Olerex employees to submit false information on a diesel fuel shipment to Estonia in December 2022. The company claimed that…
Latvia’s Office of Citizenship and Migration Affairs (PMLP) has informed 3,541 Russian citizens that their Latvian residence permits expired on 2 September 2023, LSM reports. The persons have failed to submit applications to obtain long-term EU residence permits or retake language exams as required. The Russian nationals will therefore have to leave Latvia by 30…
Lithuania’s Competition Council has blocked All Media Lithuania’s acquisition of several local radio stations, BNS reports. All Media Lithuania, part of Baltic media group TV3 Group, planned to acquire 100% of shares in three companies that operate radio stations Laluna, Lietus, M-1, M-1 Plius, and Raduga, as well as advertising agency Reklamos Ekspertai. The Competition…
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…