Finnish retail group S Group’s supermarket operator, SOK, will sell its 13 Prisma Peremarket hypermarkets in Estonia to local cooperative retailer Coop Eesti for an undisclosed price, ERR reports. Under the deal, the Prisma stores, nine of which are located in Tallinn, will change their name to Coop. The parties expect to complete the transaction…
The total production of industrial enterprises in Estonia decreased by 0.5% at constant prices over a year in February 2026, according to data from Statistics Estonia, ERR reports. Compared to January 2026, seasonally-adjusted total industrial production fell by 0.7% and manufacturing by 0.8%. Riin Kadarik, leading analyst at Statistics Estonia, said that the decrease was…
The Estonian parliament, the Riigikogu, has rejected the opposition Estonian Centre Party’s (Keskerakond) proposal to lower the VAT on basic food products to 9%, ERR reports. No MPs voted against the proposal, but 42 MPs, mostly from the ruling coalition, abstained. Under the proposal, the VAT on specific categories of food, including vegetables and dairy,…
The Latvian parliament, the Saeima, has approved amendments to introduce a reduced 12% value-added tax rate on selected basic food products in 2026, LETA reports. Under the amendments, the lower VAT rate will apply to various bread products, milk, poultry meat, and eggs. The reduced VAT will apply from 1 July 2026 to 30 June…
The average level of consumer prices in Latvia rose by 3.8% in November 2025, compared to the same period of 2024, according to data from the Central Statistical Bureau (CSP), LSM reports. The inflation rate was mainly influenced by the rise in food and non-alcoholic beverage prices (up 5.2%) and an increase in the price…
Estonia’s consumer price index (CPI) rose by 4.9% on year in November 2025, according to data from Statistics Estonia, ERR reports. Prices for services rose by 7.9% and for goods by 2.9% over a year. Compared to October 2025, the CPI dropped by 0.2%, however. Lauri Veski, team lead at Statistics Estonia, said that rising…
Estonia’s consumer price index (CPI) rose by 5.2% on year in September 2025, driven mostly by a 7.7% increase in food prices, according to Statistics Estonia, ERR reported. Prices for goods rose by 2.8% and services by 8.9%. Compared to August 2025, the CPI fell by 1.1%. This was the first time that the CPI…
Estonia’s harmonised index of consumer prices (HICP) rose by 5.2% on year in September 2025, according to Statistics Estonia’s flash estimate, ERR reports. Compared to August 2025, prices fell by 1.2%. The monthly fall was mainly due to a drop in prices for food, non-alcoholic beverages, and fuel. The HICP takes into account spending by…
Estonia’s annual inflation may reach 6% or higher in 2025, driven by the rise in energy and food prices, local analysts forecast, ERR reports. Triinu Tapver, analyst at LHV Pank, said that inflation could amount to as much as 6.2-6.5% in 2025, which would be up sharply from the bank’s earlier estimate of 4.5% at…
