The central Bank of Lithuania has proposed anti-inflationary measures aimed at helping people most affected by rising price. Such measures include a proposed further increase in non-taxable income, state compensations for those who heat their homes with gas or electricity, and potential public transport subsidies. The central bank is suggestingContinue Reading
Prime Minister Sanna Marin (SDP) on Saturday said any potential Finnish bid to join Nato would have to be made before summer. Sanna Marin on Saturday told Social Democratic Party delegates gathered in Helsinki that it was time for Finland to seriously reconsider its stance on military allegiance. That’s aContinue Reading
In a recent interview with Finnish Broadcasting Company (Yle), former Finnish President Tarja Halonen compared the Baltic countries’ accession to NATO in 2004 to Estonia, Latvia and Lithuania belonging to the Soviet Union. “They were used to being part of a collective security system during the Soviet era,” Halonen toldContinue Reading
Russia’s operation in Ukraine and the resulting sanctions on Russia are impacting businesses in Finland, according to a survey by the Finland Chamber of Commerce. The majority of the companies polled—62 percent—said that the ongoing crisis has hampered their operations. However, only a fifth of respondents expect a decline inContinue Reading
Swedish tech company Anodox Energy Systems has announced plans to produce electric vehicle batteries in Latvia, with the first factory in the Port of Rīga expected to be operational by December 2022. The news was announced by the Economics Ministry March 25, with a promise that a second factory for Lithium Ion Phosphate (LFP)Continue Reading
Just over a week ago, it remained unclear whether the Saimaa Canal would open, due to possible EU sanctions on Russia. The Saimaa Canal officially re-opens on Monday, although resumption of traffic will depend on ice and weather conditions. Canal authorities announced on Friday that the annual traffic season onContinue Reading
European leaders have agreed to tighten the existing sanctions against Russia after war in Ukraine, Lithuanian President Gitanas Nauseda says, adding, however, that some EU member states are not yet ready to stop imports of Russian resources. “Yes, we have to admit that some countries are not yet ready toContinue Reading
A motive is unclear behind the murder of two women in their 50s at a high school in Malmo, police say. Two female teachers have been killed by a student at a high school in southern Sweden, police said on Tuesday. The 18-year-old student was arrested at the scene onContinue Reading
At an extra meeting of the National Defense Committee of the Riigikogu on Thursday, Minister of Defense Kalle Laanet (Reform) provided an overview of the government’s decision to use additional funding to improve the Estonian state’s defense capability. The committee approved the allocation of half a billion euros in additionalContinue Reading
Finland will send additional military equipment to aid Ukraine in its fight against invading Russian troops, the Ministry of Defence announced on Thursday. Finnish President Sauli Niinistö made the decision to send Ukraine more supplies based on a proposal by the government. According to the ministry, details regarding the kindContinue Reading