“Inter IKEA Group”, which includes Sweden’s “IKEA of Sweden”, has acquired furniture retailer “IKEA” retailers in Baltic States. The deal includes three full-size “IKEA” stores in Riga, Vilnius and Tallinn, five small customer service locations in the Baltic States, as well as an e-commerce and digital retail development company. The company does not reveal the…
Four Latvian companies have been included in the “Top 30” list of most valuable Baltic businesses, according to the list composed by investment company “Prudentia”. “Swedbank Baltics” is on the fourth place. This company unites all “Swedbank” Group companies in the Baltic States. The company’s value is EUR 4.345 billion, which is 28% more when…
The Estonian, Latvian and Lithuanian national train service operators Elron, Vivi and LTG Link are beginning to synchronize their timetables to offer passengers better opportunities to travel by passenger train between the Baltic countries. From January 6, 2025 it will become possible to travel from Tallinn to Vilnius via Tartu and Riga with just two…
Train passengers travelling from Vilnius will have a possibility to reach Tallinn in one day from early next year, LTG Link, the passenger transport arm of Lithuanian Railways, reports. The three Baltic carriers – Lithuania’s LTG Link, Latvia’s Vivi and Estonia’s Elron – are currently coordinating train schedules to allow passengers to travel from Vilnius…
Residents of the Baltic States are currently experiencing a significant increase in food prices – 31% in Latvia, 33% in Estonia and 26% in Lithuania find that they can afford less food purchases due to price rises than before, Citadele Bank representatives report, citing the survey conducted. Overall, over the past year, the majority of…
Baltic joint company RB Rail will spend around EUR 17 million on wages this year, according to information compiled by LTV programme “Kas notiek Latvija?”. Authors of the programme say that since 2017, the last time there was an estimate of Rail Baltica’s costs, the personnel costs of RB Rail have increased more than 8-fold.…
The wholes in Lithuania’s labour market are being filled not only by third-country nationals but also by workers from neighbouring countries. With unemployment in Latvia’s Latgale region at an all-time high, its residents are taking up jobs in Lithuania. Aleksej Sokolov, who lives in Latvia’s Daugavpils, works at the furniture factory Visagino Linija in Lithuania’s…