Swedish-owned IKEA Group has received permission from the Estonian Competition Authority (Konkurentsiamet) to acquire 18,000 hectares of forest from Swedish-owned Södra Forest Estonia, ERR reports. Under the deal, IKEA Group’s subsidiary, Ingka Investments, will buy Södra’s forests in Estonia and Latvia for EUR 720mn. Latvia’s Competition Council has received notification of the deal. Södra owns…
Average labour income in Lithuania stood at EUR 1,980 before taxes in the second quarter of 2023, which was up 12.3% from the same period of 2022, according to the State Social Insurance Fund (SoDra), BNS reports. The average monthly net wage amounted to EUR 1,230, which was up 11.2% over a year. The fastest…
The Lithuanian Armed Forces (LGP) remain the country’s most trusted institution, according to a new Baltijos Tyrimai poll for LRT. The survey showed that 76% of respondents had confidence in LGP in June 2023. Another 71% trust the police, followed by the Catholic church with 66%, the president with 66%, the State Social Insurance Fund…