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Olavi Lepp, CEO of Swedbank’s Estonian branch, stated that Lithuania’s recently imposed temporary bank solidarity levy has dampened interest among new banks and foreign investors in the country, BNS, a Baltic newswire, and ERR.ee, the website of Estonia’s national broadcaster ERR, reported on October 25. Speaking to ERR on October 23, Lepp remarked that the windfall profit tax has proven ineffective in both Latvia and Lithuania. ‘The impact on foreign investor interest is already evident in Latvia and Lithuania…Lithuania has actively sought to attract a new bank to its market, but no one is go…

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