Estonia’s leading agricultural group, Agrone, has completed the acquisition of 100% of shares in Latvia’s largest dairy group, Food Union Management, LSM reports. Agrone acquired the shares from Food Union Luxembourg Holdings II for an undisclosed price. The Food Union group includes Rigas Piena Kombinats and Valmieras Piens, which produce some of Latvia’s best-known fresh…
The Latvian parliament, the Saeima, has expanded an existing ban on the import of food from Russia and Belarus, LSM reports. The parliament passed in final reading urgent amendments that will ban the import of not just agricultural goods and animal feed but also food products of Russian and Belarusian origin. The ban will apply…
The Estonian government has banned transit shipments of grain from Russia and Belarus, ERR reports. Amid attacks on shipping in the Black Sea, Russia has diverted grain exports away from Black Sea ports to other ports, including on the Baltic Sea coast. Russia and Belarus have not used Estonian ports to export grain to third…
The Lithuanian government has declared a nationwide emergency and four municipalities have declared local emergencies after a severe storm on 22-23 August 2026, BNS reported. Wind speeds reached up to 33 mps on the seaside and a month’s rain fell in 12 hours in some areas, according to the Lithuanian Hydrometeorological Service (LHMT), BNS reported….
Estonia’s consumer price index (CPI) rose by 2.2% on year in July 2026, according to Statistics Estonia, ERR reported. The annual increase in prices was the smallest since April 2021. The average price of goods went up by 1% and services by 3.9%. Compared to June 2026, the CPI rose by 0.5%. Lauri Veski, consumer…
Most major grocery retail chains in Estonia managed to increase their revenue only very slightly in 2025, ERR reported. The country’s largest grocery retailer, cooperative network Coop Eesti, reported consolidated revenue of EUR 855.3mn in 2025, which was up 0.2% from 2024. Coop’s market share stood at nearly 23%. Supermarket chain Selver’s annual revenue totalled…
Every major party in Estonia has added to the state’s debt burden, according to Kaspar Oja, senior economist at the Bank of Estonia, ERR reported. While the biggest budget deficits emerged during the coronavirus pandemic, Estonia has had structural deficits every year since 2017, Oja noted. His analysis found that when in government, the Conservative…
Average consumer prices in Latvia rose by 3.5% on year in May 2026, according to data from the Central Statistical Bureau (CSP), LSM reported. The rise in annual inflation was mainly influenced by the increase in transport fuel prices (up 28.2%) and housing-related energy costs (up 5.8%). At the same time, prices for food and…
Estonia’s industrial production output declined by 3.8% on year in April 2026, according to data from Statistics Estonia, ERR reported. Output increased by 14.3% in mining, but decreased by 14.9% in energy production and by 3.2% in manufacturing. Compared to March 2026, industrial production grew by 1.2%. Riin Kadarik, leading analyst at Statistics Estonia, noted…
