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Lithuania has lowest future pension to wage ratio among OECD countries (media)

The ratio of future pensions to wages in Lithuania is the lowest among member countries of the Organization for Economic Co-operation and Development, the LRT news website reports on Monday. [..]

Coop Pank offering home loans to teachers on favorable terms

From Monday, Coop Pank is offering home loans with a lower interest margin to teachers of secondary schools and kindergartens in Estonia. In addition, the bank will pay a loan [..]

Eesti Paevaleht to stop publishing on paper on weekdays

Delfi Meedia announced on Monday that from April 2024, Eesti Paevaleht (EPL) will be published in a new format: daily as a digital edition within the Delfi portal, and on [..]

NATO preparing for possible Russian attack – Bild

NATO is preparing for a possible attack on its eastern flank by the aggressor country Russia, according to a secret document of the German Bundeswehr, which was obtained by German [..]

Eurostat: Rent, housing prices in Estonia have tripled since 2010

According to Eurostat, both rent and housing prices in Estonia have more than tripled between 2010 and the third quarter of 2023, which is also the highest indicator in the [..]

Government plans to reduce number of deaths from external causes

The government plans to reduce the number of deaths from external causes in the next two years, according to the draft action plan of the government led by Prime Minister [..]

Number of collective redundancy notice recipients grows to 3,500 last year

During the past year, a total of 3,538 employees of 124 employers received final collective redundancy notices, compared to 84 employers and 2,871 employees in the previous year. Nearly a [..]

2024 will be another year of resilience for the Baltics and euro area as a whole – Eurogroup president

2024 will be another year of resilience for the Baltic countries and the euro area as a whole, but with stronger economic growth and a further decline in inflation, Eurogroup [..]

Total damage involving motor insurance totals EUR 72 mln in 2023

According to the statistics of the Estonian Motor Insurance Bureau (LKF), there were 34,300 motor insurance cases with a total damage of 72 million euros in Estonia in 2023. Additionally, [..]

Nauseda continues to top Delfi/Spinter presidential opinion poll in Lithuania

Lithuanian President Gitanas Nauseda retained his position at the top of the latest presidential opinion poll published by the Delfi online news site on Friday. Some 25.8 percent of respondents [..]

Lithuania has joined the Naval Striking and Support Forces NATO (STRIKFORNATO) HQ

Since 2020, Lithuania has been sending officers to the HQ as observers. The accession ceremony was attended by Lithuania’s Navy Commander captain (Navy) Giedrius Premeneckas, and he also met with [..]

Lithuanian justice minister warns against populism in discussion about Russian schools

Justice Minister Ewelina Dobrowolska said on Thursday that minority education in the country is facing problems, but they must be deal with by finding ways to help Lithuanian citizens obtain [..]

LTV1 was most watched TV channel in Latvia in 2022

LTV public service channel emerged as the most watched TV channel in Latvia last year, receiving 11.2 percent of total viewing time, according to the latest data released by Kantar [..]

Economy minister, Swiss defense start-up to discuss drone production in Lithuania

Lithuanian Economy and Innovation Minister Ausrine Armonaite on Thursday is presenting the government’s plans to beef up the country’s defense industry to the Swiss defense industry startup Unmanned Defense Systems [..]

Estonian govt to initiate spatial plan for 4th Estonia-Latvia electricity link

At the request of system operator Elering, the Estonian government is set to initiate a national designated spatial plan and a strategic environmental impact assessment for the fourth electricity connection [..]

Tobacco products will be prohibited for persons under 20 from 2025

Saeima today adopted in the final reading amendments which will ban the sale of tobacco products, herbal smoking products, electronic smoking devices and refill tanks to persons under 20 years [..]

From 2025, it will be possible to invest in cryptocurrency through an investment account

The Estonian Ministry of Finance has sent on a second round of approvals a bill seeking to introduce a number of new requirements for cryptocurrency service providers and to bring [..]

Over 200 skiers to participate in Scandinavian Cup 2024 in Otepaa

More than 200 skiers from seven countries will compete in the Scandinavian Cup 2024 competitions at the Tehvandi sports center in Otepaa, southern Estonia, this coming weekend. The schedule of [..]

This year for the tourism sector could be slightly better than the previous one – association

This year the tourism sector could be similar to 2023 or slightly better in Latvia, as inflation in Europe has slowed down and the incomes of potential travelers is improving, [..]

Poland’s Pekao mulls setting up branch in Lithuania, c. banker confirms

Gediminas Simkus, the central bank’s governor, has confirmed a report by BNS that Pekao, one of Poland’s largest banks, is considering opening a branch in Lithuania. “In the second half [..]

Ukrainian President Zelensky visits Baltic states

Ukrainian President Zelensky arrives in Lithuania Ukrainian President Volodymyr Zelensky arrived in Lithuania on Wednesday. His plane landed at Vilnius Airport at around 10.30 a.m. and he was met by [..]

Lithuania considers buying shares in Air Baltic – minister

Lithuania is considering buying a stake in Latvia’s national airline Air Baltic, Transport Minister Marius Skuodis said on Tuesday. “I have already had two conversations with the Latvian transport minister [..]

Tallinn to hand over European Green Capital title to Valencia

This week, Tallinn, the capital of Estonia, will hand over the title of European Green Capital to Valencia in Spain. “We used the Green Capital year to make decisions with [..]

Russia’s response to the nationalization of Moscow House is difficult to predict – Bergmanis

It is difficult to predict what Russia’s response to Latvia’s law on the takeover of the Moscow House in Riga into state ownership might be, said Raimonds Bergmanis (United List), [..]

Helicopter maintenance hangars to be opened at Siauliai Air Force Base in Lithuania

Helicopter hangars for storage and maintenance will be opened at the Lithuanian army’s Air Force Base in Siauliai, northern Lithuania, on Tuesday, the Defense Ministry said. An administrative building with [..]

Aivar Mäe on theatre IT solutions: a theatre should focus on the theater

IT solutions play a crucial role in the operations of theaters, ranging from office computers and tablets for artists to ticketing systems. These solutions are becoming increasingly central, and the [..]

Deutsche Bank considers opening service center in Lithuania, official confirms

Elijus Civilis, general manager of Invest Lithuania, the government’s foreign investment promotion agency, confirmed on Friday that Deutsche Bank, Germany’s largest lender, is considering opening a service center in Lithuania. [..]

Lithuanian econmin sees no way to get back discussion of real estate tax

Lithuanian Economy and Innovation Minister Ausrine Armonaite see no way for the incumbent ruling coalition to get back to the discussion on a new model of a universal real estate [..]

Ban on Russian grain imports and transit could cost port and rail sector EUR 100 million – Agriculture Ministry

Banning the import and transit of Russian grain could cause losses of EUR 100 million for the Latvian port and rail transport sectors, according to an informative report on the [..]

Uzbek national fined €7,000 for bribing a customs officer €50 to ‘drink tea’

The prosecutor’s office has fined an Uzbek citizen 7,000 euros for giving a 50-euro bribe to a customs officer to “drink tea”, LETA has found out. According to the indictment, [..]

Village store near Latvian border makes no profit but keeps people together

Kaja Sööt, long-time shopkeeper at the Metsavenna dairy store in the village of Vastse-Roosa near the Estonian-Latvian border, told ERR show “Vikerhommik” that although the small store does not make [..]

A new era for corporate taxation in the EU enters into force

Ground-breaking new EU rules come into effect in 2024 introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States. The framework will bring [..]

In next six months, clearer vision on future of Tet and LMT is necessary – Valainis

A clearer vision on the future of the companies Tet and Latvijas Mobilais Telefons (LMT) should be obtained in the next six months, Economic Minister Viktors Valainis (Greens/Farmers) said in [..]

Estonian Transport Administration: Required road condition level not guaranteed everywhere

The main roads in Estonia were snowy and slippery in the early morning of Friday, the road conditions are particularly difficult in southern Estonia and the Transport Administration also warns [..]

LHV expert: Rising deposit rates have led Estonian residents to cut consumption

Heido Vitsur, expert at LHV, said in his comments on retail data for November that the rise in interest rates on term deposits in banks to to 4-4.5 percent has [..]

Lithuania’s Viciunai Group keeps mum after Ukraine labels it ‘international war sponsor’

Viciunu Grupe (Viciunai Group), a business group producing and selling seafood and other food products, owned by Visvaldas Matijosaitis, mayor of Lithuania’s second-largest city of Kaunas, and his business partner [..]

30 centimeters of snow and -30 degrees C forecast in eastern Latvia over weekend

In the coming days, snow in the eastern part of Latvia will reach 20-30 centimeters and the air temperature may drop below -30 degrees C, according to the latest weather [..]

Flu incidence in Latvia gradually rising

Last week, the flu incidence in Latvia gradually increased, while Covid-19 incidence stabilized, according to the Centre for Disease Prevention and Control (CDC). The average flu incidence in Latvia increased [..]

Patriarchate of Constantinople set to complete church structure set-up in Lithuania

The Patriarchate of Constantinople will complete the establishment of an Orthodox Church structure in Lithuania – an exarchate – later this week, one of its members said on Wednesday. The [..]

Bercman Technologies delivers completed smart road to Polva municipal govt

AS Bercman Technologies has completed and handed over the Polva Smart Road innovation project to the Polva rural municipality government, meeting the scheduled deadline at the end of 2023. The [..]

Survey: Estonia’s VAT increase to again trigger shopping trips to Latvia

A survey commissioned by Citadele bank reveals that a large number of people in Estonia are planning to go shopping in Latvia as a result of the recent increase in [..]

EUR 871,000 worth of Latvian lats banknotes and coins exchanged for euros in 2023

Last year LVL 611,900 (EUR 871,000) Latvian banknotes and coins were exchanged for euros at the Bank of Latvia, LETA was told at the central bank. The money exchanged in [..]

Five times Estonian football champion caught with large amount of cocaine

Nikolai Masitsev, who has been crowned Estonian champion in football five times during his career, was handed a suspended prison sentence by the Tallinn County Court in November for possessing [..]

Sea ice extends ferry journey times between Saaremaa, Hiiumaa islands

According to the ferry operator Kihnu Veeteed, ferry trips between Estonia’s large western islands of Saaremaa and Hiiumaa are taking longer than usual due to the presence of sea ice. [..]

Migration body finds Lithuanian citizens with family ties to EU-sanctioned persons

The Migration Department has said that its ongoing probe has found a number of Lithuanian citizens with family ties to individuals subject to EU sanctions. Evelina Gudzinskaite, the department’s director, [..]

TOP-10 events in Lithuania in 2024 – elections, referendum, song festival etc.

The BNS news agency lists the most interesting and important events planned in Lithuania for this year. CHAMPIONSHIP. The year will start with a dive into the world of ice, [..]

Elron starts certification of diesel trains for Tartu-Riga service

AS Eesti Liinirongid, Estonia’s state-owned passenger train operator that runs its business under the Elron brand, has started preparations for the certification of diesel trains to provide passenger train services [..]

Minimum monthly wage in Latvia increases to EUR 700

The minimum monthly wage in Latvia increases from EUR 620 to EUR 700 as of the 1st of January, according to amendments to Cabinet regulations that came into force on [..]

Silina emphasizes potential of Latvia’s people and importance of education

Prime Minister Evika Silina (New Unity) in her New Year’s Eve address, recorded at Riga Technical University, emphasized the potential of the people of Latvia and education as the keyword [..]

Key Workplace Trends for 2024

As we step into 2024, it is evident that the workplace landscape is undergoing significant transformations. Companies are reevaluating their working models, and employees are embracing diverse approaches to their [..]