The heads of the customs authorities of Lithuania, Latvia, Estonia, Poland and Finland have signed an agreement on unifying measures to implement EU sanctions against Russia and Belarus. They met in Vilnius on May 9. “We must acknowledge that peace and unity once taken for granted are no longer present in some parts near Europe.…
The reason Estonia’s economy is in a comparatively worse state next to Latvia and Lithuania is that it is more sensitive to interest rate changes, Luminor Bank economist Professor Lenno Uuskula has said in an interview given to “Aktuaalne kaamera”. – Why is it the case that while Latvia and Lithuania’s economies are growing, ours…
While Estonia’s economy shrank by 2.1% YoY in the first quarter, Lithuania’s economy grew by 2.9%, according to the flash estimate. The growth was driven by both general confidence and government investment, Tonu Mertsina, chief economist at Swedbank, told ERR radio. While Lithuania’s growth was also due to the low base of comparison from a…
After two Finnair aircraft were forced to turn around due to interference with GPS signals from Russia, the Baltic foreign ministers warned this could lead to an aviation disaster. On April 25-26, two Finnair flights from Helsinki to the Estonian city of Tartu were forced to turn around and return to Finland, as they were…
A Swedbank study looking at the living expenses of families in the capitals of the Baltic states of Estonia, Latvia and Lithuania reveals that while net salary has grown the fastest in Vilnius over the past three years, it remains the highest in Tallinn at EUR 1,708 a month. While Estonians get to keep the…
The three Baltic States – Lithuania, Latvia and Estonia – have decided to develop joint crisis management systems under a new agreement signed by health ministers last week. This is the first crisis cooperation memorandum signed by the Baltic States. The agreement makes it easier for the three countries to help each other during health…
Latvia is approximately five years behind Estonia and Lithuania, when it comes to capital market development, “INVL Asset Management” board chairman Andrejs Martinovs has said. Data from the Bank of Latvia indicated the pension capital accumulated on the second level pension plans went up by 24.4% last year, reaching EUR 7.06 billion. However, only 8.5%…