Posts published in Baltic states

Lithuania Reforms Tax and Pension Systems

Wednesday, July 11, 2018

In late June the Lithuanian Parliament adopted a law that consolidated the employer and employee base for social security contributions and significantly cut the rate of contributions. Labor taxes were consolidated on the employee’s side, but the gross salary (salary before tax) will be recalculated by increasing it 1.289 fold. The employer’s rate of social security contributions was cut from 31.18% to 1.47%, and the employee’s contributions rate was raised…

Minister Linkevičius meets with representatives of Heritage Foundation

Wednesday, July 11, 2018

On 10 July, the Minister of Foreign Affairs of Lithuania Linas Linkevičius met with economic experts of the Heritage Foundation, which is the U.S. research and educational institution, the former U.S. Ambassador to the United Nations Terry Miller, and the Editor of the Index of Economic Freedom Anthony Kim. Linkevičius drew attention to accumulating results of the Lithuania-U.S. investment,  trade cooperation, emphasizing that the U.S. companies operating in Lithuania could…

Ratas, Mikser, Luik, Terras in Brussels for NATO summit

Wednesday, July 11, 2018

On Wednesday and Thursday, Prime Minister Jüri Ratas (Centre) will participate in NATO’s 2018 Brussels Summit along with Minister of Foreign Affairs Sven Mikser (SDE), Minister of Defence Jüri Luik (IRL) and Commander of the Estonian Defence Forces (EDF) Gen. Riho Terras. The Brussels Summit will focus on transatlantic unity, the fair sharing of burdens, strengthening NATO’s deterrence and defence posture, and cooperation between NATO and the EU, according to…

UEFA President visits Latvia

Wednesday, July 11, 2018

UEFA President Aleksander Čeferin has expressed his optimism for the future of football in Latvia during a visit to the country – and has pledged UEFA’s full support in fostering the development of the Latvian game. UEFA President Aleksander Čeferin has visited Latvia, as he continues a series of fact-finding missions across UEFA’s 55 member associations. Mr Čeferin met the new president of the Latvian Football Federation (LFF), Kaspars Gorkšs,…

Latvia’s army will need well-trained soldiers in coming years

Tuesday, July 10, 2018

Latvia’s army will require modernization and well-trained soldiers in the near future, said Commander of Latvia’s Armed Forces Lieutenant General Leonīds Kalniņš in an interview to 900 seconds programme of LNT. He explains that modernization must not stop for a single moment. Otherwise the army will lose its combat readiness. «Secondly, we need soldiers – highly professional soldiers. There is no point in procuring arms and equipment of soldiers aren’t…

Ban on teaching in Russian at private universities to affect Latvia’s education export capacity

Tuesday, July 10, 2018

Saeima’s amendments to the Law on Institutions of Higher Education, that were recently promulgated by President Raimonds Vejonis, will affect Latvia’s education export capacity, Riga International School of Economics and Business Administration (RISEBA) Vice Rector Igors Graurs said in an interview with Latvian Radio today, cites LETA. “If we refuse enrollment to would-be students who wish to study in Russian, I believe that Latvia will be losing 2,000 to 3,000…

Lithuanian president vetoes overhaul of healthcare network

Tuesday, July 10, 2018

Lithuanian President Dalia Grybauskaite has vetoed amendments paving the way for overhauling the network of healthcare facilities, informed LETA/BNS. The Seimas passed the amendments before closing its spring session, but the president sent them back to the parliament for reconsideration. Grybauskaite cited incompatibility with the Constitution and certain procedural violations made by the Seimas as the reasons for returning the package. The amendments would have authorized the health minister to decide…

Headquarters of Multinational Division North to be established at Adazi military base

Tuesday, July 10, 2018

NATO’s Multinational Division North will establish its headquarters at the Adazi military base near Riga under an agreement concluded by Denmark, Latvia and Estonia, Anete Gneze, a spokeswoman for the Latvian Defense Ministry, told LETA. The headquarters of the Multinational Division North will be tasked with defense planning, organizing military exercises and activities in order to enhance the compatibility of the multinational forces and their ability to perform defense missions…

Canada extending NATO mission in Latvia

Tuesday, July 10, 2018

Prime Minister Justin Trudeau said Tuesday that Canada is extending its NATO commitment in Latvia by another four years to March 2023 and will boost the number of troops in the country to 540 from the current 455 in a show of ongoing solidarity with the alliance. Trudeau made the announcement in Riga following a meeting with Latvian Prime Minister Maris Kucinskis and indicated that he hopes the increased Canadian…

EBRD to invest €20 million in BaltCap Infrastructure Fund

Monday, July 9, 2018

The European Bank for Reconstruction and Development (EBRD) has commited to investing €20 million in the BaltCap Infrastructure Fund (BinF), the Ministry of Finance has announced. The President of EBRD, Sir Suma Chakrabarti signed the agreement late last week during a signature ceremony held at the Ministry of Finance in Tallinn. With the additional contribution from Citadele pension funds as well as existing investors, BInF has thus reached its hard…