The Baltic commercial bank, Luminor Bank, has issued EUR 300mn worth of four-year senior preferred bonds, The Baltic Times reports. The new issue was oversubscribed with EUR 1.6bn in orders from over 130 investors, particularly in the UK. The bonds carry a coupon of 4.042%. At the same time, Luminor repurchased EUR 214.1mn of existing bonds…
Estonian President Alar Karis stressed that the state budget must remain under strict parliamentary control, BNS reported. Speaking at the opening of the autumn session of the Estonian parliament, the Riigikogu, Karis said that MPs should not engage in bargaining for budget funds for their supporters, but instead focus on making the most important decisions…
Estonia’s former president, Kersti Kaljulaid, has decided to run for president of the Estonian Olympic Committee (EOK), BNS reports. Kaljulaid said that 25 EOK members had nominated her to the position. She said that the members had welcomed her ideas about the future of the organisation and Estonian sports. The deadline for candidate nominations is…
Baltic transport ministers called for increased EU funding for strategic transport infrastructure projects, The Baltic Times reports. The ministers insisted that the Connecting Europe Facility has to remain one of the key instruments in the EU’s next multiannual financial framwork as of 2028, with sufficient funding for cross-border transport, energy, and electronic communications projects. They…
The Latvian government should seek to reduce the costs of the Rail Baltica railway project, the European Commission’s Executive Vice-President Valdis Dombrovskis stated, LETA reports. Speaking in an interview with Latvijas Radio, Dombrovskis pointed out that not everything could be financed with EU funds. He said that part of the project should be financed from…
Lithuania’s Foreign Ministry summoned a representative of the Russian embassy in Lithuania to protest Russia’s intensified shelling of civilian targets in Ukraine, BNS reports. Russia’s bombing of educational buildings, hospitals, and civilian homes showed its complete disregard for human life and rules of war, the Foreign Ministry stated. The ministry pointed out that both the…
The victory of Germany’s far-right Alternative for Germany (AfD) party in regional elections was part of a European trend, Lithuanian Foreign Minister Gabrielius Landsbergis said, BNS reports. He attributed AfD’s success to the coronavirus pandemic, the war in Ukraine, inflation, Russian disinformation, and other factors, and “maybe sometimes a lack of strategic leadership.” Landsbergis noted…
The Latvian government will have to relinquish its controlling stake in the national air carrier, airBaltic, “sooner or later,” Prime Minister Evika Silina said, LETA reports. The government wants airBaltic to operate more on market principles, she stated. If airBaltic’s planned IPO fails, the government will make a “separate decision” on the company’s future, Silina…
Estonia was “very disappointed” that Mongolia decided to welcome Russian President Vladimir Putin, Estonian Foreign Minister Margus Tsahkna said, BNS reports. He reminded that all parties to the Rome Statute are obligated to comply with the arrest warrant issued by the International Criminal Court (ICC) against Putin. The fact that the Mongolian government decided to…