Baltic: Hungary’s OTP Bank to buy Luminor

Hungary’s OTP Bank has signed an agreement to acquire the Baltic banking group, Luminor Bank, from US-based private equity fund manager Blackstone and Norway’s DNB Bank, Baltic News reports. OTP Bank had already expressed interest in acquiring Luminor several years ago, LETA reported. Luminor is the third-largest provider of financial services in the Baltic States….

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Lithuania: New government to make no major foreign policy changes

Lithuania’s new government is not expected to make any major changes in foreign policy, LRT reports. Prime Minister Mindaugas Sinkevicius named regional security, Baltic cooperation, and strengthening ties with the US as his priorities, BNS and The Baltic Times reported. The government calls for a more united Europe, while maintaining strategic partnerships with Germany, Poland,…

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Estonia: Justice chancellor frontrunner for president

Estonia’s Chancellor of Justice, Ülle Madise, is currently the strongest candidate to become the country’s next president, according to experts, ERR reports. Another possible candidate often mentioned is longtime diplomat Jonatan Vseviov, current secretary general of the Estonian Foreign Ministry. Political scientist Tõnis Leht of the Liberal Citizen Foundation (SALK) suggested that both Madise and…

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Baltic: Russia planning provocations: intel

Russia may be planning provocations against the Baltic States or Poland to test NATO unity, Lithuanian President Gitanas Nauseda and Latvian President Edgars Rinkevics warned, BNS and LETA reported. Nauseda said that intelligence indicated that Russia could be preparing “targeted kinetic operations” against critical infrastructure in the region. Rinkevics said that the intelligence reports pointed…

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Lithuania: Coalition leaders suggest opening with China

China appears open to talks on normalising diplomatic relations with Lithuania, the chairman of the foreign affairs committee of the Lithuanian parliament, Remigijus Motuzas of the ruling Lithuanian Social Democratic Party (LSDP), stated, BNS reports. Speaking after a briefing by Foreign Minister Kestutis Budrys, Motuzas said that China was “inclined to meet, communicate, and negotiate”…

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