Once the dust has settled on the entry into the Estonian market of German cut-price supermarket chain Lidl, established competitors say they hope customers will remain loyal and return to their previous stores of choice. One issue which some of the other supermarkets have highlighted is the lack of locally sourced items in Lidl’s product…
The European Union vows to launch an assistance measure for Lithuanian businesses affected by China’s economic sanctions, European Commissioner for Internal Market Thierry Breton has said while on a visit in Vilnius. “We believe that what China is doing is not compatible with the WTO rules. But beyond this, we are also yet to use…
Wage growth recovered last year following the slowdown of 2020, reaching the pre-pandemic levels, the state agency Statistics Estonia reported. The average monthly gross wages and salaries across all sectors in Estonia stood at EUR 1,548 in 2021, up by 6.9% YoY. Argo Tarkiainen, Statistics Estonia analyst, said that, last year so far as sectors…
Russia’s military invasion of Ukraine and the closure of airspace to Russian aircraft have already affected Lithuania’s tourism sectors, its representatives have said. “Reservations are being cancelled, especially from distant countries, as well as from so-called old Europe. Practically, the May trips to our region have been cancelled,” Zydre Gaveliene, head of the National Association…
Ministry of Digital Transformation launches fundraising portal to rebuild Ukraine – Send Putin to the Jupiter. Anyone wishing can donate UAH 99 or $2.99 on the portal https://putler.io/. The account belongs to the State Enterprise DIIA, and the funds will be directed to the army and the restoration of infrastructure with a public report on…
The Business Association of Georgia (BAG), which brings together hundreds of entrepreneurial groups in the country, transferred 100,000 GEL ($31,000 or EUR 28,000) through Georgia’s Red Cross Society in support of Ukraine on March 2. The 2009-founded association, which involves around 100 holding groups in Georgia, said “at times like this it is especially important…
The Consumer Price Index in Georgia increased by 0.9% MoM in February, while the annual inflation rate totaled 13.7%, the latest inflation data of the National Statistics Office of Georgia (Geostat) showed. “With regard to annual core inflation (excluding food and non-alcoholic beverages, energy, regulated tariffs, transport), prices increased by 5.1%, while annual core inflation…