Estonia’s exports of services totalled EUR 3.2bn in the third quarter of 2024, which was up 8% from the same period of 2023, according to data from Statistics Estonia and the Bank of Estonia, ERR reports. Imports of services into Estonia totalled EUR 2.4bn, which was up 2% over a year. Estonia’s trade surplus in…
Estonia’s Minister of Regional Affairs and Agriculture, Piret Hartman, is visiting India to promote bilateral trade, BNS reports. She is accompanied by a business delegation of several leading Estonian food and beverage companies. Hartman noted that Estonia was already exporting cheese to India, but suggested that there was also potential for exporting other dairy products,…
The finance committee of the Estonian parliament, the Riigikogu, has decided to cancel an additional 5% increase in the excise tax on alcohol that was planned for July 2025, ERR reports. Committee chairwoman Annely Akkermann said that the tax hike would have led to increased cross-border trade and grey market sales, thus reducing state budget…
Latvia’s total retail trade turnover rose by 0.8% on year in August 2024, according to the Central Statistical Bureau’s (CSP) calendar-adjusted data at constant prices, LSM reports. Retail sales of food products decreased by 4.6%, while retail sales of non-food products (excluding automotive fuel) increased by 5.0% and automotive fuel by 0.6% over a year….
Estonia’s retail trade turnover totalled EUR 889mn in August 2024, which was down 4% from the same period of 2023, according to data from Statistics Estonia, ERR reports. Retail sales of manufactured goods dropped by 4% and food products by 4% as well. Compared to July 2024, overall retail trade declined by 1%. According to…
The largest ever Latvian trade mission to the US concluded its visit on 26 September 2024, LSM reported. Economy Minister Viktors Valainis said that three major cooperation agreements were signed during the visit. Also, talks started on investments in sustainable energy, biomedicine, and infrastructure development, he added. Earlier, Valainis expected the trade mission to bring…
Lithuanian supermarket operator Maxima Group generated consolidated revenue totalling EUR 3bn in the first half of 2024, which was up 4.7% from the same period of 2023, GlobeNewswire reported. Like-for-like retail sales rose by 2.2% over a year, including by 4.7% in the Baltic States. Online sales dropped by EUR 8mn. The group’s six-month EBITDA…
Estonia’s central bank, the Bank of Estonia, will stop ordering one and two-cent coins as of 2025, ERR reports. Under new rounding rules, cash transactions will be rounded to the nearest five cents. Rait Roosve, head of the Bank of Estonia’s cash and payment systems department, noted that the smallest coins were seldom used for…
More than 60 Latvian companies are taking part in a large trade mission to the US led by President Edgars Rinkevics, Labs of Latvia reports. Around 80% of the companies represent the service sector. The delegation will visit three cities — Houston, San Francisco, and Denver — over 16-24 September 2024. Economy Minister Viktors Valainis…