The share of consignments from China and e-commerce volumes are growing rapidly. One of the most aggressive online shops is Temu, which uses psychology to influence consumers. Experts recommend that consumers consciously consider the impact of their purchases and, where possible, prefer local producers. Omniva Estonia’s head of sorting, Eduard Resetov, said that goods of…
The Romanian government approved a draft law on December 18, creating the legal framework for the repayment of a $6.8-million debt to the United States executive. The sum will cover a loan contracted in 1992 for 30 years for the import of cotton for the textile industry. The imports were carried out through operators designated…
In October, Bulgaria recorded a current account deficit of 1.0646 billion euros, marking the largest monthly shortfall since September 2022, according to preliminary data from the Bulgarian National Bank (BNB) on the country’s balance of payments. The trade deficit also widened sharply, reaching 1.0444 billion euros, while foreign direct investment (FDI) inflows increased by 448.5…
During the week, three working meetings were held – consultations with the Government of Ukraine represented by the Ministry of Development, the Ministry of Finance and other responsible ministries – on the consideration of the second round of applications under the Ukraine Investment Framework (UIF) mechanism. Representatives of the European Investment Bank (EIB) and the…
President of Latvia Edgars Rinkevics has proclaimed the state budget for next year along with 46 accompanying laws, according to a notice published in the official gazette Latvijas Vestnesis. The government approved the 2026 state budget on October 14, while the Saeima adopted it on December 4. Under the 2026 state budget, revenues are projected…
Estonia has been gradually withdrawing one- and two-cent euro coins from circulation, sending them to Latvia, which still uses them. Due to rounding-off rules introduced at the start of 2025, the smallest euro coin denominations are, while not completely obsolete, not practical in Estonia, nor in Finland, which has also been phasing the coins out.…
GymBeam built a regional e-commerce empire from Kosice. Now, after attracting heavyweight investors, it is moving its headquarters to Austria. GymBeam, one of Slovakia’s most successful e-commerce companies, is moving its legal headquarters and key strategic functions to Austria following a major EUR 110-million investment round. The Kosice-founded retailer, best known for fitness supplements and…