The three biggest risks to Lithuania’s financial system are the consequences of the war in Ukraine, the state of the economy, and cyber attacks, according to the Bank of Lithuania’s survey, ELTA reports. The risk of cyber attacks has increased significantly, the central bank noted. Dovydas Poderys, senior economist at the Bank of Lithuania, said…
Latvia’s new president, Edgars Rinkevics, held his inauguration speech in the Latvian parliament, the Saeima, outlining his vision of a “strong, modern, just, and safe” Latvia, on 8 July 2023, LSM reports. The President noted that Latvia was one, yet not homogenous, and stressed that the rights of every person must be protected. Latvia’s biggest…
The speakers of national parliaments of the Baltic States, Poland, and Ukraine will meet in Latvia’s capital, Riga, on 9-10 July 2023, LSM reports. The speakers will discuss political and practical assistance to Ukraine, including support for the country’s membership of the EU and NATO. The speakers plan to adopt a joint statement at the…
Relations between Finland and Estonia are stronger than ever, Finnish Prime Minister Petteri Orpo stated, ERR reports. Speaking at a joint press conference with Estonian Prime Minister Kaja Kallas in Tallinn on 5 July 2023, Orpo noted that the two countries had strong cultural ties, and that their values and understanding of reality were very…
Baltic and Polish culture ministers will sign a joint declaration of support for the restoration of Ukraine’s cultural heritage, Baltic News Network reports. The ministers will sign the declaration on the final day of the Latvian Song and Dance Festival at the Latvian Museum of Architecture (LAM) in Riga on 9 July 2023. The joint…
Estonia’s Defence Minister, Hanno Pevkur, voiced satisfaction at the details of NATO’s new defence plans for the Baltic region, ERR reports. He said that there were no outstanding points of contention regarding the plans ahead of the NATO summit in the Lithuanian capital, Vilnius. Discussions continued over the wording of the introductory section of the…
The presidents of Latvia, Lithuania, and Poland — Egils Levits, Gitanas Nauseda, and Andrzej Duda — have sent a joint letter to NATO Secretary General Jens Stoltenberg and leaders of NATO member states to warn them of the threats posed by the developments in Belarus, BNS reports. In the letter, the three presidents pointed out…
The death of a Lithuanian volunteer, Valerijus Polkovnikovas, in Ukraine has caused controversy as it was initially believed to be related to frontline injuries, which later turned out to be untrue, Baltic News Network reports. Defence Minister Arvydas Anusauskas first expressed condolences and praised the fallen fighter in a social media post but quickly deleted…
Estonia’s biggest beer producer, Saku Õlletehas (Saku Brewery), reported sales of EUR 72.3mn in 2022, which was down 11% from 2021, ERR reports. The company’s annual net profit amounted to EUR 6.6mn, which was down 18.5% from a year earlier. The company attributed the worse results to the cessation of exports to Russia and Belarus,…
