The Swedbank, LHV and SEB pension funds lost several million euros due to a partner’s misconduct in the BaltCap investment fund in Lithuania last November. The BaltCap fund holds 0.1% of their pension funds’ assets. The pension funds of Swedbank, LHV and SEB have invested in BaltCap, the largest private equity fund manager in the…
After a meeting with his Latvian and Estonian counterparts, Lithuanian Minister of Transport and Communications Marius Skuodis said that the Baltic States supported the inclusion of Russian and Belarusian grain in the EU sanctions package. The Baltic States would support the inclusion of grain imports from Russia and Belarus in the EU sanctions package, Skuodis…
Estonia, along with Latvia and Lithuania, continues to have the highest loan interest rates in the eurozone, surpassing the average for that region by several percentage points. European Central Bank (ECB) statistics showed that the average interest rate on newly issued home loans in the eurozone stood at 4.1% as of the end of November…
Latvia’s public is being made well aware of an Estonian initiative to encourage Western nations to provide 0.25% of their Gross Domestic Product (GDP) as military support to Ukraine. ERR’s Latvia correspondent Ragnar Kond spoke to Pauls Raudseps, a well-known journalist in that country who penned an article for independent weekly Ir, both publicizing the…
For Baltic States and Eurozone in general the year 2024 will be yet another endurance year. Nevertheless, more rapid economic growth and reducing inflation will be observed, says the President of Eurogroup, which unites ministers of finance of Eurozone, Minister for Public Expenditure, National Development Plan and Reform in Ireland Paschal Donohoe. Eurogroup president, who…
Estonia would actively start discussing military defense facilities with Latvia and Lithuania, President Alar Karis said on January 8 after a routine meeting of the National Defense Council. Karis said Russia was testing the will and readiness of Finland and Estonia’s borders, but Estonia had prepared for such attacks. He said the border must be…
Lithuania and Latvia have overtaken Belgium and the Czech Republic in the list of the largest beer exporters to Russia. Germany was the biggest beer exporter to Russia in both 2022 and 2023, accounting for more than two-thirds of all beer exports to the country. Germany was followed by Lithuania, which accounted for just over…