Lithuanian banks and credit institutions paid around EUR 256mn in temporary solidarity tax in 2023, according to the Bank of Lithuania, BNS reported. The central bank estimates that revenue from the solidarity tax could amount to around EUR 190mn in 2024. The government will use the proceeds from the bank tax to pay for military…
Polish farmers are holding a week-long protest at the Lithuanian border, collaborating with authorities to check incoming trucks for Ukrainian grain, BNS reports. While some trucks have been diverted for inspection, most vehicles are being allowed to flow freely and no traffic jams have occurred. The farmers allege that Ukrainian grain is being falsely labelled…
Polish farmers have begun a week-long partial blockade of the Lithuanian border, BNS reports. The farmers are protesting against the EU’s environmental policies and the import of Ukrainian agricultural products. Polish authorities, not the farmers themselves, will conduct official checks, focusing on the origin of grain, particularly potential Russian imports disguised as Ukrainian. The farmers…
Latvia’s state-owned Riga International Airport (RIX) made a profit of EUR 1.6mn in 2023, which was up 4.6 times from a year earlier, LSM reported. The company’s net turnover rose by around 25% to EUR 72.5mn. Revenues from aviation services amounted to EUR 36.7mn (up 18%) and from non-aviation services to EUR 21.2mn (up 38%)….
Lithuania will close down two more checkpoints on the border with Belarus as of 1 March 2024, BNS reports. Interior Minister Agne Bilotaite said that closing the checkpoints in Lavoriskes and Raigardas would allow authorities to enforce sanctions, prevent smuggling, and screen incoming travellers more effectively. Also, the National Security Commission (NSK) proposed cutting the…
Estonia’s state-owned railway company, Eesti Raudtee (EVR), transported 10mn tonnes of cargo in 2023, which was 43% less than in 2022, ERR reports. The volume of transit freight totalled 2.1mn tonnes in 2023, compared to 9.5m tonnes in 2021. EVR’s commercial director, Arthur Raichmann, said that the biggest commodity groups were shale oil from Estonia…
Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), has appointed Kristina Meide as CEO of its passenger train operator, LTG Link, for a five-year term, BNS reports. Meide will replace interim CEO Gediminas Seckus. LTG Link’s previous CEO, Linas Bauzys, was appointed CEO of the Ignalina Nuclear Power Plant (IAE) in September 2023. Prior to her…
The customs authorities of the three Baltic States have agreed on uniform application of EU sanctions against Russia and Belarus, BNS reports. The directors of the Estonian, Latvian, and Lithuanian customs departments agreed to introduce stricter controls on sanctioned goods exported to or transiting through Russia and Belarus to third countries. The measures include requiring…
Members of the supervisory council of Latvia’s state-owned passenger train operator, Pasazieru Vilciens (Vivi), have resigned, LSM reports. The company has come under heavy criticism because of recurring problems with new electric trains delivered by the Czech manufacturer, Skoda Vagonka. Vivi’s council chairman, Sandis Steins, insisted that responsibility for the problems was beyond the council’s…