The Latvian parliament, the Saeima, has passed amendments banning the import of certain industrial goods from Russia and Belarus, LETA reports. The amendments ban the import of books, newspapers, video games, sporting goods, toys, clothing, and footwear either directly or indirectly from Russia and Belarus. Transit shipments of such goods to other countries will not…
One of Estonia’s wealthiest businessmen, Margus Linnamäe, will buy out his business partner, Ivar Vendelin, in the Apollo and MM Group investment companies, ERR reports. Vendelin will focus on real estate investments instead. Following the transaction, Apollo will be fully owned by MM Group. Linnamäe will own 98% and lawyer Aare Kurist the remaining 2%…
Retail turnover in Estonia saw a significant decline in the first half of 2023, primarily driven by decreases in the construction and industrial goods sectors, while food sales remained relatively stable, ERR reports. The electronics industry was particularly hard-hit, with a sharp 20% drop in sales year-on-year, specifically in computers and telecommunications devices. Bookstores also…
