Tuesday, April 14, 2026

Headlines

retail

Farmers’ Saeima: The result of the “Valainis memorandum” is a more challenging cooperation with supermarkets

In the assessment of the Farmers’ Saeima association, the memorandum on reducing food prices, which was signed this spring by the Ministry of Economics (EM), retailers, and food producers, has so far not delivered the promised result. Member of the board of the Farmers’ Saeima association, Mārtiņš Trons: “Politicians stirred the air, but there is still no result or visible benefits. Quite the opposite – cooperation between farmers and retailers has become even more challenging.” By signing the memorandum on reducing food prices […]

CenuKlubs.lv will cease operations

After 23 years of operation, the company SIA cenuklubs.lv, which owns stores of the same name, is preparing to cease its activities, company board member Arnis Šķerbergs confirmed to Inc. More than 150 employees will lose their jobs. The entrepreneur did not wish to provide more detailed information. In the past, the company had four stores in Riga and one in Talsi. Now, according to the information available on the company’s website, it has only […] left.

Nestlé will sell Pols ice cream and other popular ice cream brands

Food Union has agreed on the sale of its ice cream business. The new owner will be the international ice cream manufacturer Froneri, which is owned by Nestlé and PAI Partners. The value of the transaction has not been disclosed and must still be approved by the Competition Council. The proposed transaction will include only the ice cream business in Latvia which, after being separated from the dairy products business, will be established as a separate legal entity. It is planned that the transaction will be completed in the coming […]

APF Holdings introduces a healthy loyalty program for shareholders

On World Egg Day – October 10 – the APF Holdings group of companies is launching a new investor loyalty program. It has been developed to strengthen the long-term cooperation between the company and its investors by providing practical added value – the opportunity to get to know more closely the company’s premium-class healthy nutrition and innovation brand Fiteg2. The investor loyalty program provides for three membership levels – Bronze, Gold and Platinum, and the benefits increase along with […]

Used car buyers choose “prestige”

New car buyers appreciate reliability and modern technologies more, while in the choice of used cars, prestige and classic appeal gain greater importance, according to Citadele Leasing data for the first eight months of 2025 in Latvia. New car buyers appreciate reliability and modern technologies more, while in the choice of used cars, prestige and classic appeal gain greater importance, according to Citadele Leasing data for 2025. […]

Valainis yields to retail chains: penalties for unfair commercial practices will not be increased, local producers will not be defended

Although the beginning of this year was marked by the grand plans of Minister of Economics Viktors Valainis to “put in their place” the large food retail chains, by the end of summer the plan has faded – the minister has given in to pressure from retailers and no longer intends to increase penalties for unfair commercial practices. At the end of last year, when presenting the plan to limit food retail prices, one of the action points of the Ministry of Economics […]

Viada will become more attractive to drivers: It will also be possible to charge electric cars

In Latvia, the financially least successful fuel station owner – Viada joint stock company – has been given a chance for a boost by Latvenergo. The companies have agreed that by 2030, 134 Elektrum Drive charging points for electric vehicles will be installed at 55 of Viada’s 101 fuel stations. Company representatives made this announcement while opening the first electric charging station in Jēkabpils, at 6 Varoņu Street. Four are already available there […]

In Latvia the green lifestyle exists only on social networks – in Europe it brings in billions

“Young people only talk about a green lifestyle on social media; we don’t see them in our store,” says Eco Baltia Vide chairman of the board Jānis Aizbalts. At the beginning of the year, the company he heads opened the store “Lab!”, where you can find electrical goods that previous owners had thrown away but that the company’s craftsmen have repaired again. Worldwide this is a business worth billions. Aizbalts says that the average customer in the store is around 50 years old […]