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National finance sustainability is likely an essential issue for the country's development. These aggregated perceptions change the nation's public sector and the security of citizens' lives. Therefore, a significant focus on the broad improvement of finance studies could be an essential issue. Besides, that activity could be organized in connection with the applicable higher education programs. On the other hand, the government's finance management understanding is treated differently in various countries. That is becoming increasingly essential condition that such a discussion does not directly benefit the common development of financial education in recent years. One of the possible ways to deal with personal finances in different economic conditions could be changing attitudes to finance knowledge among top management in universities. The young people could be supported by financial education programs that are clearly incorporated into their underground or postgraduate courses. The correct management of these programs helps to improve student learning experience and the economic well-being. Moreover, the learning based on the transparent public administration believably educate patriots of the country and the peoples' intolerance to non-transparent activities of public servants. The other important task of the paper is to reveal how public debt and public spending management could influence the issues of fiscal policy sustainability. In addition, this paper also tries to clarify questions about economic importance on financial education in the all levels of studies. Further-more, the theoretical task of the paper is to show the size of the government debt, government debt service and expenditure in Lithuania and Latvia, during the last crisis in the first decade of the twenty first century. Then the overpaid debt services can be given to the hypothesis that an ordinary individual has less than EU average standard of financial and/or economical education. This conceptualization of the tax burden can encourage each citizen of the country to be responsible for the public servants' activity and for the transparency of a budget planning process. The public revenue improvement is a really challenging procedure. Since using the same concept of taxes as fixed costs for public sector when person directly received nothing, but additional payments for the majority of public sector services. Therefore, confusion of terms is fairly constant, which once again shows the need for public finances literacy in the all areas of study programs for scholars. An authorized Lithuania's tax burden usually comprises more than thirty percent from the country's nominal gross domestic product in recent years. Nevertheless, political leaders and experts are suggesting the necessity of increasing Lithuania's accumulated tax burden. However, there may be a fundamental mistake that social insurance contributions and compulsory health insurance contributions to the funds are not calculated into private individuals and legal entities tax burden. Fortunately the last year's budget already considers social payments as a part of tax revenues. Unfortunately there are diminutive amount of signs in the continuity of Lithuania's fiscal policy in the twenty first century. [ABSTRACT FROM AUTHOR]

The agri-food sector is the world's largest economic sector having the biggest impact on environment. According to the Food and Agriculture Organization of the United Nations (FAO), sustainable agriculture must meet the needs of present and future generations while ensuring profitability, environmental health and social and economic equity. Therefore, agricultural systems need transition to become more sustainable. The use of renewables in agriculture allows to reduce energy costs and GHG emissions and implement cyclic economy principles. Sustainability assessment of agriculture can be done by applying various sets of indicators. The sustainability assessment of agriculture can be performed on country and micro level. The paper presents assessment of agricultural sustainability of Baltic States based on indicators framework and applies MCDA tool for ranking of Baltic States in terms of agriculture sustainability. [ABSTRACT FROM AUTHOR]

In respect to CO2 emissions, the post-Soviet states are a scientifically interesting object of research, as each of the countries has developed via different paths since reclaiming independence from the Soviet Union. Given that each country has a different approach to the use of fossil resources, it is essential to assess their input to global carbon footprint individually. Such assessment then allows to find certain actions in the development of legislation and to apply focused techniques to reduce carbon emissions. The aim of this study was to evaluate the fossil CO2 emissions produced in the Baltic States from 1991 onward, describing challenges relating to sustainability and socio-economic, scientific, and integrated approaches to sustainable development, including clean and efficient use of energy, and thus addressing climate challenges. This paper reports on data on CO2 emissions in the Baltic States. The results show that the transition of the Baltic States from the specificities of the Soviet Union's economy to an economy integrated into global markets has led to a significant reduction in CO2 emissions. However, the development and implementation of national policies for sustainable development are still crucial for mitigation of the climate crisis. Further actions must include the implementation and monitoring of policies for sustainable development, changing of the consumption and production patterns, education and awareness of sustainability, and adaptation to global climate change, while also addressing sustainability challenges. [ABSTRACT FROM AUTHOR]

The article's aim is to show the development of global and European actions in sustainability and digitalisation, which provide a background in the Baltic States' efforts to streamline their economic governance according to modern challenges. The research focuses on revealing the essence of the European institutions' activity in transforming the Baltic States' economic growth towards more sustainable and digital policies. Therefore, the research methods include mainly, though not exclusively, the European Commission's recommendations and actions concerning sustainability and digital agenda/economy in the Baltic States, for example, through analysis of these states' "smart specialisation strategies" and their efficiency. Several Baltic States have already adopted sustainability and digital agenda plans and strategies. These aspects of modern growth are going to define the EU states and the Baltic countries progressive development in the years to come. Finally, the paper formulates some conclusions and recommendations, both theoretical and practical, in the Baltic States' adaptations to new sustainability and digital paradigm in the countries' perspective growth. [ABSTRACT FROM AUTHOR]

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Mergers and acquisitions (M&A) may serve as a catalyst in energy transition by accelerating this trend and "greenwashing" the deals. M&A are often used by large energy companies as a tool to explore potential synergy benefits. Recently, M&A strategies in the energy industry have been pursued to transform traditional business models into more "sustainable" models. On the one hand, it may be observed that companies are taking a proactive rather than reactive approach towards environmental-, social-, and governance (ESG)-related M&A deals. On the other hand, sustainable M&A deals do not interest activist shareholders and regulatory authorities only anymore. Inclusion of a sustainability framework and managing ESG-related risks have become part of the overall strategy of most companies within the energy industry. This research addresses the problem of how energy M&A are contributing to sustainable development on the one hand and reflecting sustainable developments on the other hand. The current research focuses on the systematic literature on the M&A deals in the energy industry through the lens of sustainability by applying the SALSA methodology. Further, we applied a SWOT analysis of M&A in the energy industry from the perspective of sustainable development. Thomson Reuters DataStream 5.1 database was used for developing a case study. A sample of Lithuanian, Latvian, and Estonian energy companies that were involved as acquirers or targets in the M&A events from 1995 to 2020 was developed. Establishing a methodological approach construed of SALSA, SWOT, and case study analyses allowed us to bridge a gap in the existing literature and provoke further discussion in regards to market developments through the lens of sustainable development. The research results showed that there are relatively few M&A of renewable companies as the M&A market is dominated by traditional energy companies within Baltic states. However, companies in the Baltic states are pursuing energy security, have set targets for emission reductions, renewables and energy efficiency, are supporting EU climate neutrality, and put great emphasis on climate change mitigation. [ABSTRACT FROM AUTHOR]

Three Northern European countries over the last century have had similar political experiences, in 1990-1991 they have re-established independence and developed an individual political and administrative system. From 2004, when all Baltic countries became members of the European Union, the land use and spatial planning systems were developed with many similarities, as well as differences. The topic of this study is a survey of the national land policies and spatial planning systems in Latvia, Lithuania and Estonia in the context of sustainable development, needs of society and depopulation. The aim of the article is to examine the problems, needs of society and tendencies in land usage, as well as systemic features of spatial planning in the Baltic countries. It is very important to analyse how countries realize the implementation of sustainable development strategies in land use planning and in the context of depopulation. It was found that the Baltic countries are facing similar problems in land use and spatial planning documents but there are also differences regarding planning procedures of documents, their hierarchy and types of planned measures. The study has shown that people in these countries want more natural environment and eco-industrial development. Also, it was approved as necessary to create an index (engineering method) of sustainability in spatial planning. [ABSTRACT FROM AUTHOR]