Posts published in Baltic states

Daily Lietuvos Zinios appears on newsstands for last time

Tuesday, April 30, 2019

The daily Lietuvos Zinios, one of the oldest newspapers in Lithuania, appeared on newsstands for the last time on Tuesday. The publisher of Lietuvos Zinios, which also owns the online news sites Lzinios.lt and Jonavosnaujienos.lt and Naujienos, a local newspaper in the central district of Jonava, is set to be liquidated on May 1. Achemos Grupe, the owner of Lietuvos Zinios, plans to sell its publishing rights and intellectual property.…

EU flags removed from Riigikogu reflect current realities, speaker says

Tuesday, April 30, 2019

New Riigikogu speaker Henn Põlluaas (EKRE) ordered the European Union flag to be removed from the parliament’s white hall, opposition MP Marko Mihkelson (Reform) said on Monday afternoon, according to BNS. In response, Põlluaas said the removal reflected the fact that Estonia no longer holds the rotating Council of the EU presidency. “President of the Riigikogu Henn Põlluaas didn’t have the courage to admit to the chamber today that he…

EU needs to improve governance of financial supervisory authorities

Tuesday, April 30, 2019

The decision made by European Banking authority to not commence supervisory inspection in relation to Danske Bank case proves the need to work on improving supervisory capabilities of European authorities, says European Commission Vice-President Valdis Dombrovskis. On Monday, 29 April, Financial Times reported that European Banking authority decided to not commence an inspection in relation to the money laundering scandal in Danske Bank. Financial Times mentions that in a vote…

Lithuania announces first renewables auction

Tuesday, April 30, 2019

The first mixed auction for renewable energy technologies will be held in September and will allocate around 300 GWh. The government will apportion €20 million for solar rebates up to 2023. A few days after the European Commission approved Lithuania’s €385 million auction plan for renewable energy, the Baltic nation’s Ministry of Energy has unveiled details of how the program will work. The ministry said technology-neutral auctions would be held…

Latvians’ ability and willingness to borrow grew steeply in 2018

Tuesday, April 30, 2019

Latvians’ ability and willingness to borrow grew steeply last year, showing the fastest rise in three years, shows the private individuals’ segment of the lending index draw up by the Finance Latvia Association. The association’s representatives noted that private individuals’ ability and willingness to borrow showed strong rise in 2018, with the respective indices growing by 15 points to 123 points and by nine points to 111 points. Meanwhile, the…

Lithuania is considering to offer e-resident status to foreigners

Tuesday, April 30, 2019

The Lithuanian government is considering introducing, based on the Estonian model, the status of an e-resident to allow foreigners to set up companies, open bank accounts or declare taxes online. The Cabinet is to discuss a bill on e-residency, registered by the Interior Ministry, on Tuesday. “We see how the world is moving, how mobile it is and how electronic services, fintech services are developing. We must make it possible…

New Estonian government to give oaths under Centre Party leadership

Monday, April 29, 2019

Estonia’s new government headed by current Prime Minister Jüri Ratas from Centre Party, is expected to be be sworn in before parliament on Monday, April 29. Estonian public broadcaster ERR reports that the ceremony will take place on Monday after noon to bring a government of Centre Party, the national-conservative Pro Patria and right-wing populist newcomers, the Conservative People’s Party of Estonia (EKRE). The composition of the government, which has…

Defense chief: Damage caused by Spring Storm to be compensated

Monday, April 29, 2019

Participants in the upcoming large-scale Spring Storm military exercise will inevitably end up causing damage to smaller roads as well as forests and fields, but the Estonian Defence Forces (EDF) will repair or pay for any damage done, Commander of the EDF Maj. Gen. Martin Herem said on Monday morning. “We’re likely going to start damaging smaller roads; we’ve done so every year, although we do try to avoid it,”…

Swedes, Brits and Germans among top tourists in Latvia; Estonians and Lithuanians – less so

Saturday, April 27, 2019

In 2018, foreign travellers crossed the border of Latvia 7.8 million times, which is 0.6 % more than the year before. Last year foreign travellers spent EUR 751.9 million in Latvia, which is EUR 3.7 million or 0.5 % more than a year ago. In 2018, Latvia was visited by 1.9 million foreign overnight travellers (0.2 % less than in 2017), spending 3.2 % or EUR 516.7 million less. Compared…

Lithuania passes law on relocation of people of Lithuanian descent from crisis zones

Friday, April 26, 2019

The Seimas adopted on Friday a law opening the way for using public funds to help people of Lithuanian descent to move from humanitarian crisis zones to Lithuania. The Law on the Relocation of Persons to the Republic of Lithuania was passed unanimously with 96 votes and is to come into force in June. Those eligible for relocation will include Lithuanian citizens, people of Lithuanian descent and those who would…