Posts published in Day: June 7, 2021

Estonian Finance Committee approves bill to terminate tax exemption for home loan interest

Monday, June 7, 2021

The parliament’s finance committee decided on Monday to pass on to the plenary a bill that would abolish the income tax exemption for home loan interests in Estonia from next year. Chairman of the finance committee Erki Savisaar said that in accordance with the bill, it will no longer be possible to deduct the interests paid on home loans in the income tax returns to be filed for 2022. “The bill…

Nausėda to pay official visit to Georgia

Monday, June 7, 2021

Lithuanian President Gitanas Nausėda  will visit Georgia on June 10–12. The visit is aimed at “demonstrating solidarity with Georgia’s aspirations for Euroatlantic integration”, as well as the implementation of reforms and consolidation of democracy, the presidential office said in a press release on Monday. The president will meet with his Georgian counterpart, Salome Zourabichvili, as well as Prime Minister Irakli Garibashvili and and Speaker of the Parliament Kakhaber Kutchava. The…

Estonia to apply for exemption to establish income tax minimum

Monday, June 7, 2021

G7 leaders agreed on Saturday to set a global corporate tax rate of 15 percent, and if the agreement is signed at the G20 meeting in July, Estonia must apply for an exemption that would allow corporate tax collection to be postponed for several years. Estonia takes into account corporate income tax only when paying out profits, which may not take place every year. As the income tax minimum only applies…

Latvian politics risks causing considerable damage to economy

By Viktors Domburs on Monday, June 7, 2021

According to bnn-news.com, behaviour of Latvian Minister of Foreign Affairs Edgars Rinkēvičs risks causing a wave of bankruptcies in Latvia. Thus, after basking in the VIP area together with people of questionable reputation during the opening game of the World Ice Hockey Championship in Riga, Edgars Rinkēvičs demonstrated an act of true diplomatic short-sightedness that has effectively shut down Latvia’s diplomatic relations with Belarus and has caused considerable damage to…

Large number of Estonians made unemployed during crisis still without work

Monday, June 7, 2021

Of the 6,300 people who worked in accommodation and catering in Estonia in February 2020 and lost their job during the crisis months, slightly over 40 percent were still unemployed at the end of April this year, data from Statistics Estonia shows. Approximately 1,500 people, or a quarter, have returned to employment in accommodation and catering, whereas the rest of the people found a job in trade and service, data…

76 new Covid-19 cases in Latvia

Monday, June 7, 2021

On Monday, June 7, Latvia recorded 76 new cases of Covid-19 infection, according to the Disease Prevention and Control Center (SPKC). It is the first time the daily total has been in double digits since November 2020. The total number of cases detected since the start of the pandemic now stands at 134,888. Of 2,894 tests carried out in the past 24 hours, 2.6% were positive, up slightly on the 2.4% rate of Sunday and in line…

BALTOPS 2021 Maritime-Focused Exercise In The Baltic Region Has Kicked Off

Monday, June 7, 2021

The 50th Baltic Operations (BALTOPS 50) exercise, the premier maritime-focused exercise in the Baltic Region, kicks off today, June 6 involving air and maritime assets from 18 NATO Allies and partner nations in live training events. “This year, we celebrate the 50th BALTOPS, an exercise that sets the foundation of interoperability across the Alliance,” said U.S. Vice Adm. Gene Black, commander, Naval Striking and Support Forces NATO and commander, U.S.…

Germany’s Christian Democrats dominate in key state election ahead of national vote

Monday, June 7, 2021

Germany’s ruling Christian Democrats scored a commanding victory in a closely watched regional election on Sunday, handing the conservative bloc a crucial boost in the final test before September’s general election. The center-right Christian Democrats (CDU) won 37.1 percent of the vote in Sunday’s state election in Saxony-Anhalt, according to preliminary results, relegating the far-right Alternative for Germany party (AfD) to a distant second with 20.8 percent. That means that CDU…

Income decreased for 21% of Latvia’s households over past year

Monday, June 7, 2021

Over a fifth (21%) of Latvian households have had their incomes decline over the past year, according to preliminary data from the survey of residents published June 7 by the Central Statistical Bureau of Latvia (CSB) on income and living conditions in 2021. For 66% the income has not changed, while for 13% the income has increased. Over the next 12 months, a majority (78%) of households predict that their total income…

Estonian Foreign Policy in the Pandemic: Interview with Estonian Foreign Minister Eva-Maria Liimets

Monday, June 7, 2021

Estonia has a reputation for being one of the most digitized societies in the world. How has this impacted your foreign policy approach, especially your promotion of human rights, free speech, and privacy in the digital sphere? The protection and promotion of human rights, including freedom of expression, is an integral part of Estonia’s foreign policy. The digitization of society has played an important role in defining our human rights…