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%…
In Lithuania, an auction for an offshore wind farm was declared unsuccessful because only one company submitted a bid. Developers likely expected larger subsidies. According to Timo Tatar, former deputy secretary for energy at the Ministry of Climate, the current market situation requires that countries make an effort to attract developers. The Lithuanian Ministry of…
Lithuanian law enforcers have commenced criminal proceedings over forgeries made in Latvia in a multimillion-dollar Lithuanian gas network connection with Europe. There were searches performed in Latvia last week. Almost a year ago Lithuanian media “15min” found in cooperation with Neka personiga that parts made in Russia were supplied for the construction of the 500…
US Secretary of State Antony Blinken praised the Baltic countries for their defence budgets and support for Ukraine, calling them “leaders in NATO”. He met the foreign ministers of Lithuania, Latvia and Estonia on March 25. “These three allies have been leaders in NATO, contributing significantly to their defence budgets, leading the way in NATO…
On March 25, the US Congress passed a bill that involved a total of $228 million in military and defence aid to Lithuania, Latvia and Estonia this year under the Baltic Security Initiative. “Support from the US has significantly helped Estonia, Latvia and Lithuania fast track several military infrastructure and capability development projects,” Estonian Defence…