The Lithuanian fashion retailer, Apranga Group, posted a retail turnover of EUR 147.6mn (including VAT) in the first half of 2023, which was up 15.6% from the same period of 2022, GlobeNewswire reports. Sales in Lithuania amounted to EUR 89.7mn (up 14.8%), in Latvia to EUR 35.0mn (up 14.5%), and in Estonia to EUR 22.9mn…
Estonia’s exports of goods totalled EUR 1.6bn at current prices in May 2023, which was down 15% from the same period of 2022, according to data from Statistics Estonia, ERR reports. Exports of goods of Estonian origin fell by 21% and accounted for 65% (69%) of total exports. Overall imports totalled EUR 1.9bn, which was…
Estonian ticket sales platform Piletilevi Group will acquire majority ownership of Romania’s oldest ticket sales company, Departamentul Logistic Event (Bilete.ro), BNS reports. Under the deal, Piletilevi Group will acquire 80.2% of shares in Bilete.ro, with current shareholders retaining 19.8% ownership. Andreea Pop will continue as CEO of Bilete.ro, which employs 40 people. The company, which…
Estonia’s biggest beer producer, Saku Õlletehas (Saku Brewery), reported sales of EUR 72.3mn in 2022, which was down 11% from 2021, ERR reports. The company’s annual net profit amounted to EUR 6.6mn, which was down 18.5% from a year earlier. The company attributed the worse results to the cessation of exports to Russia and Belarus,…
Latvia’s opposition Union of Greens and Farmers (ZZS) is planning to request the dismissal of Agriculture Minister Didzis Šmits, Baltic News Network reports. ZZS press secretary Dace Karklina said that the party supported the position of the Latvian Farmers Union (LZS) that the minister’s inaction and failure to set limits had resulted in uncontrollable increases…
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…
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 Bulduri market in the Latvian seaside resort town of Jurmala may soon reopen in a new building, DELFI reports. The former market was closed several years ago. The Jurmala city council has now designated a building on Meza Avenue as new premises for the market. The site has 20 sales points and 20 parking…
Sales of non-alcoholic beers have soared in Estonia over the past five years, Postimees reports. Kristiina Tamberg, head of communications and CSR at Prisma Peremarket, said that the market of non-alcoholic beers has been on an upward trend for several years. Sales of alcohol-free beers increased by 20% in 2021 and by another 8% in…