EconomicPolicy

Economist discusses ways of boosting Latvia’s economic growth

During the past decade, investments in Latvia have amounted to 22.6% of gross domestic product, but increasing the volume and reducing the price could boost Latvia’s economic growth by at [..]

Dombrovskis: More competition urgently needed in banking sector

Greater competition in the banking sector is essential if companies are to have access to finance. This was declared by European Commission Executive Vice President Valdis Dombrovskis at the opening [..]

Economist: Estonia taking decisions which will harm economic well-being

Raul Eamets, chief economist at Bigbank, has said that economic forecasts published by the Bank of Estonia on Tuesday show that the government’s economic policy decisions will reduce the economic [..]

Rostovskis: It’s time for politicians to hear the entrepreneurs at last

By journalist Inga Karlinska. Although entrepreneurs and organisations protecting their interests have been actively trying to draw attention of the government and politicians to the necessity to improve competitiveness of [..]

Lithuanian c. bank proposes reviewing taxes, reducing VAT gap as population ages

As the population ages, the Bank of Lithuania proposes reviewing existing tax exemptions and privileges, and income and wealth taxation, and reducing the VAT gap to increase budget revenue collection. [..]

Estonia to offer bonds to residents

For the first time this year, the Estonian government plans to issue bonds for the country’s residents, which would bear a fixed interest and be traded on the Tallinn Stock [..]

Lithuanian parlt ups taxes on gambling operators

The Seimas of Lithuania increased taxes on gambling operators by 2 percentage points after 72 lawmaker on Tuesday voted in favor of the amendments to the Law on Lottery and [..]

United List urges residents to support proposal for reduced VAT rate on restaurants

Saeima opposition party United List is calling on residents to support an initiative to reduce value added tax rate for restaurants to 12 percent. “Latvian restaurants have been meeting with [..]

State might buy up to EUR 100 million worth of airBaltic shares – Aseradens

The Latvian state might purchase up to EUR 100 million worth of shares in airBaltic national carrier, Finance Minister Arvils Aseradens (New Unity) told reporters following the weekly coalition meeting [..]

Bank of Estonia governor Madis Muller – the central bank should not be involved in shaping climate policy

Bank of Estonia governor Madis Muller and Prime Minister Kaja Kallas responded to MPs’ interpellations concerning the connection between European banking and climate policy in the Riigikogu on Monday. Muller [..]

EP President Metsola at EUCO: The Single Market is Europe’s greatest economic driver

Doubling down on the Single Market ensures Europe’s long-term competitiveness, prosperity and leadership on the global stage, said President Metsola at the Special European Council. Addressing the Special European Council [..]

Ministry tasked with drafting plan for Nordica’s privatization in 3 months

Estonian Prime Minister Kaja Kallas said at the government’s press conference on Thursday that the Ministry of Climate has been given a task to prepare, within the next three months, [..]

Estonian food producers: We need a predictable economic environment

Food producers speaking at an economic policy event of the non-parliamentary Right-wingers’ party said the sector’s biggest concern is that it is not clear what restrictions related to the green [..]

Estonian govt approves divestment of Nordica shares

At its sitting on Thursday, the Estonian government approved a decision to grant the climate minister permission to divest 100 percent of the shares owned by the state in Nordic [..]

Fixed interest rates would close Lithuania’s mortgage market to EU banks – industry rep

Obligating banks to offer mortgages with interest rates fixed for at least five years would make it difficult for new lenders from other EU countries to provide such loans in [..]

Euro currency helps promote foreign and domestic investment – Dombrovskis

The use of the euro currency removes uncertainty about a country’s future monetary policy, strengthens external credit ratings, reduces the cost of public and private financing, and all this helps [..]

Government calls on Latvian businesses to stop importing Russian LPG as soon as possible

The Latvian government has called on businesses to stop importing Russian petroleum gas (LPG) as soon as possible and adapt to planned requirements, Prime Minister Evika Silina (New Unity) told [..]

Lithuania govt: EUR 20 mln from Ignitis Group for wind farm to be used to repay state debt

Twenty million euros paid as a development fee by Ignitis Renewables, a subsidiary of Lithuania’s state-owned energy group Ignitis Grupe (Ignitis Group), after winning the tender for the development of [..]

Saeima passes amendments introducing 20% advance tax for banks and nonbank lenders

The Saeima on Thursday passed in the final reading government-approved amendments to the Corporate Income Tax Law introducing a 20 percent advance income tax for banks and nonbank lenders, payable [..]

Estonian govt to approve increase of minimum salary from next year – the minimum monthly wage for full-time employment will be 820 euros

The Estonian government on Thursday will confirm the increase in the minimum wage from the new year, which was agreed upon by the representatives of the Estonian Trade Union Confederation [..]

Lithuania’s Commercial Banks solidarity levy in 2023 could be around 250 million euros – part of a money will be used for military mobility

Lithuania’s commercial banks will soon transfer the second installment of the new solidarity levy for the third quarter of this year, with the central Bank of Lithuania estimating it to [..]

Lithuania mulls raising corporate income tax for additional defense funding – advisor

Lithuania needs to consider various options, including an increase in corporate income tax, as the country is looking for long-term sources of defense funding, presidential advisor Irena Segaloviciene says. All [..]

Lithuanian govt to consider 2024 budget bill

The Lithuanian government will consider the country’s 2024 budget bill on Thursday. In her interview with BNS on Wednesday, Prime Minister Ingrida Simonyte said the government deficit would rise to [..]

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