Latvia’s Competition Council has allowed Estonian investment company Dragad to merge into Estonia-based holding Maral Invest, Baltic News Network reports. Following the merger, Dragad will be removed from the commercial register. Dragad’s Estonian subsidiary, Võru-based Cristella VT, produces various bakery products. Maral Invest owns three major bakeries in the Baltic states: Estonia’s Eesti Pagar, Latvia’s…
The Latvian bakery, Kuldigas Maizes Ceptuve (Kuldiga Bakery), will continue operations under new ownership, LSM reports. Earlier, the company announced that the bakery would be forced to shut down. However, the bakery has now been acquired by Kuldiga-based entrepreneur Gatis Rozenfelds, who plans to resume production. Kuldiga Bakery began producing bread and pastries in the…
Food prices in Estonia continued to rise sharply in June 2023 compared to the year before but remained relatively stable from a month earlier, according to data from the Estonian Institute of Economic Research (EKI), ERR reports. The price increases were particularly notable for meat and dairy products. The price of sugar has risen from…