Non-cash payments accounted for 74% of consumer payments in Latvia in August 2025, which was down from record 78% in February 2025, according to the Bank of Latvia’s latest payment radar survey conducted by Latvijas Fakti, The Baltic Times reports. Meanwhile, cash payments accounted for 26% (22%) of all payments. In recent years, the share…
Lithuanians are the most active savers in the Baltic States, according to a September 2025 poll for Luminor Bank, The Baltic Times reports. In the survey, 23% of Lithuanians, 17% of Estonians, and 14% of Latvians said that they were able to save more than 10% of their income regularly. As many as 43% of…
The most loved brand in the Baltic States is the Swedish banking group, Swedbank, according to the Baltic Brand Forum 2025 survey, The Baltic Times reports. Lithuanian supermarket chain Maxima ranked second, followed by Estonia’s state-owned logistics group, Omniva, and German supermarket chain Lidl. The top four ranking remained unchanged from 2024. US technology company…
Irish low-cost air carrier Ryanair has cancelled flights from the Estonian capital, Tallinn, to six destinations for the period from April to October 2025, BNS reports. During the summer season, the airline will not fly from Tallinn to Billund, Bergamo, Paphos, Rome, Treviso, and Vienna. Ryanair will continue to fly from Tallinn to Milan, however….
The Latvian government has confirmed the appointment of Armands Ruks for another five-year term as chief of the Latvian State Police until October 2030, LSM reports. Ruks was first appointed to the post in October 2020. He said that his priorities in his second term of office would be to build police capacity, combat violence,…
The Latvian National Armed Forces (NBS) have increased monitoring of Latvia’s critical undersea infrastructure, Defence Minister Andris Spruds announced, LETA reports. He noted that NATO’s response to the recent damage to infrastructure in the Baltic Sea had been swift. Latvia supports NATO’s increased military presence in the Baltic Sea, Spruds said. Meanwhile, Latvian President Edgars…
Latvia would support Estonia or Finland if they requested consultations with allies under NATO’s Article 4, Latvian President Edgars Rinkevics announced, LETA reports. He was responding to questions about the recent sabotage of undersea power and data cables in the Baltic Sea. Rinkevics stressed the need for bolstering the physical presence of NATO allied forces…
Estonia’s Minister of Regional Affairs and Agriculture, Piret Hartman, is visiting India to promote bilateral trade, BNS reports. She is accompanied by a business delegation of several leading Estonian food and beverage companies. Hartman noted that Estonia was already exporting cheese to India, but suggested that there was also potential for exporting other dairy products,…
The first ship carrying Latvia’s strategic oil reserves arrived at the Freeport of Riga on 2 December 2024, the Ministry of Economy announced, LETA reports. Economy Minister Viktors Valainis said that the state would purchase 20% of the required reserves annually. The state would thus be in possession of 100% of the oil reserves in…