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 Latvian government is considering a windfall tax on fuel retailers, LETA reports. Under the proposal, fuel retailers would have to pay a solidarity tax if their actual retail price was more than 3% higher than the objectively calculated indicative retail price. Earlier, the government lowered the excise duty on diesel fuel temporarily until 30…
Lithuanian President Gitanas Nauseda has proposed a draft law that would allow the government to set maximum consumer prices on petrol and diesel fuel by decree, ELTA reports. Under the law, the Energy Ministry would calculate and proclaim the daily fuel price cap under a specific formula. Retailers failing to comply with the price cap…
The number of job vacancies in Estonia totalled 9,375 in the third quarter of 2025, which was 5.4% less than in the same period of 2024, according to data from Statistics Estonia, ERR reports. The number of vacancies was the highest in education (2,025) and in wholesale and retail trade (1,264). The vacancy rate stood…
French risk management company Coface’s ranking of the 50 largest companies by turnover in the Baltic States in 2024 includes 28 companies in Lithuania, 15 in Estonia, and 7 in Latvia, LETA reports. The top five companies are all from Lithuania: retail holding group Vilniaus Prekyba with a consolidated turnover of EUR 8.02bn in 2024,…
Non-cash payments accounted for 74% of consumer payments in Latvia in August 2025, which was down from record 78% in February 2025, according to the Bank of Latvia’s latest payment radar survey conducted by Latvijas Fakti, The Baltic Times reports. Meanwhile, cash payments accounted for 26% (22%) of all payments. In recent years, the share…
Estonian fashion retailer Baltika Group has ceased operations and filed for bankruptcy, BNS reports. The group will lay off all of its 120 employees in Estonia, Latvia, and Lithuania. Baltika pointed to a prolonged difficult financial situation and unfavourable market conditions in the Baltic States. The group’s parent company, European Lingerie Group (ELG), will continue to…
Lithuania’s GDP rose by 3% over a year in 2024 to EUR 79bn at current prices, according to the State Data Agency’s (VDA) revised data, BNS reports. Gross value added in manufacturing rose by 2.9% and in wholesale and retail trade by 2.6% in constant prices. Growth in professional, scientific, and technical activities stood at…
Business sentiment in Latvia improved in all economic sectors in September 2025, according to the Central Statistical Bureau’s (CSP) latest survey, LSM reports. The business confidence indicator was 4.8% in retail trade, which was up 1.5 percentage points from August 2025. Business confidence stood at 1.7% in services (up 1.3 points), negative 3.5% in manufacturing…