Latvia’s foreign trade turnover totalled EUR 23.26bn at current prices in the first seven months of 2023, which was EUR 1.52bn (6.1%) less than in the same period of 2023, according to the Central Statistical Bureau’s (CSP) provisional data, LSM reports. Exports of goods amounted to EUR 10.7bn (down 4%) and imports to EUR 12.56bn…
Estonia’s exports of goods totalled over EUR 1.3bn at current prices in July 2024, which was up 5% from the same period of 2023, according to data from Statistics Estonia, ERR reports. Meanwhile, imports of goods totalled nearly EUR 1.7bn, which was up 1% from a year earlier. Estonia’s trade deficit thus amounted to EUR…
Sanctions have left Belarusians unable to claim imported cars at Lithuania’s Klaipeda State Seaport, LRT reports, citing local daily Vakaru Ekspresas. Belarusian media claimed that almost 4,000 cars bought by Belarusians from the US were stuck at the port. Vaidotas Sileika, chairman of the Association of Lithuanian Stevedoring Companies (LJKKA), confirmed that the information could…
The volume of transit shipments of cereal products from Russia via Latvia totalled 994,726 tonnes in the first half of 2024, which was up 39.3% from 714,097 tonnes in the same period of 2023, according to data from the State Revenue Service (VID), LETA reports. Wheat and maslin accounted for 598,705 tonnes of the total…
The Estonian government will tighten controls on the transit of goods subject to EU sanctions, Ukrainska Pravda reports. Prime Minister Kaja Kallas said that attempts to evade sanctions continued to occur on the border with Russia. She noted that the EU’s latest sanctions package exacerbated the threats. The government will therefore replace the present risk-based…
Lithuanian fashion retail group Apranga Group posted a retail turnover (including VAT) of EUR 161.6mn in the first half of 2024, which was up 9.4% from the same period of 2023, GlobeNewswire reports. Sales in Lithuania amounted to EUR 96.4mn (up 7.5%), in Latvia to EUR 41.0mn (up 17.1%), and in Estonia to EUR 24.1mn (up…
The Latvian government has approved a draft transport energy bill that obliges fuel suppliers to increase the share of renewable energy in their energy portfolio, LETA reports. The bill may lead to a rise in fuel prices, according to a survey of fuel traders. The Ministry of Climate and Energy notes that the transport sector…
The Estonian government’s planned new car tax will apply to used cars as well because of EU rules, ERR reports. Under the rules, the registration fee on cars will have to apply to second-hand vehicles already registered in Estonia. The government’s initial plan was for the fee to apply to imported vehicles only. The new…
Latvian fuel retailer Virsi-A (Virsi) posted consolidated unaudited net sales of EUR 343.732mn in 2023, which was down from EUR 375.110mn in 2022, LSM reported. The company’s gross profit amounted to EUR 37.692mn (EUR 32.771mn) and net profit to EUR 5.099mn (EUR 10.370mn). Virsi reported an all-time record EBITDA of EUR 13.7mn in 2023, which was…