Keyword: Estonia

Baltic Team

IEŚ Commentaries 467
- Baltic Team

The European Commission counters development of the oil shale sector in Estonia

For years, oil shale, with its similarity to coal, has played a key role in Estonia’s energy system. Currently, oil shale is burned for heat and power generation, or used (after processing) to produce liquid fuels (mainly marine fuel). To combat global climate change and environmental degradation processes, European Commission has prepared a new legislative package (Fit for 55),...

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Baltic Team

IEŚ Commentaries 389

Pandemics of social inequalities: status of national and ethnic minorities in Latvia and Estonia

In Latvia and Estonia the pandemic highlighted and deepened socio-economic inequalities due to nationality and ethnicity. The higher rates of COVID-19 among minorities may have resulted from limited access to high-quality health services and information in minority languages. In addition, the lower socio-economic status of the minorities compared to the titular communities,...

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Baltic Team

IEŚ Commentaries 325
- Baltic Team

Money laundering in the banks: The Baltic-Nordic front against financial crime

A series of bank scandals have overshadowed the reputation of the financial sector in the Baltic and Nordic States since 2018. The collapse of the bank in Latvia and the severe sanctions for banks in and Denmark that had branches in Estonia resulted from their money laundering for Soviet States, mainly Russia. In order to stop this illegal activity, the countries of the region, in...

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Baltic Team

IEŚ Commentaries 308
- Baltic Team

New restrictions and new (better) economic forecasts in the Baltic States

The increase in COVID-19 infections in the Baltic States in recent weeks has resulted in a number of restrictions, but the second lockdown will not affect the economies of the Baltic States as anticipated. Forecasts indicated that the recession in 2020 in Lithuania and Estonia would be one of the lowest in Europe. However, the most recent restrictions – such as the ban on moving...

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