Food prices in Latvia are not falling as rapidly as they should, and people’s purchasing power is not increasing, Inguna Gulbe, head of the Agricultural Market Promotion Centre (LTVC), stated, LSM reports. She noted that prices for some food products, such as sunflower oil and butter, were falling, while other food products remained more expensive…
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…
Lithuanian stores no longer have free disposable plastic bags, prompting buyers to consider changing their habits, DELFI reports. Customers seem to be not immediately willing to give up disposable bags and are willing to pay 1 cent for them. However, most buyers expressed their intention to change their habits and start using reusable bags. One…
The continuing rise in prices in Estonia is driven by the increase in food prices, ERR reports. In June 2023, the growth of prices slowed down to 8.9% compared to the same month last year, according to preliminary data from Statistics Estonia. Compared to May 2023, prices went up by 0.8%, however. In both annual…
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…
The total turnover of Estonia’s food retail chains rose by 12.4% in 2022, according to data from Statistics Estonia, ERR reports. Coop’s net retail sales amounted to EUR 805.9mn (up 7.2%) and operating profit to EUR 12.6mn (EUR 29.2mn). Selver’s sales stood at EUR 601.9mn (up 4.7%) and pre-tax net profit at EUR 11.2mn (down…