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Retailers deny putting higher average markup on food made in Latvia

Retailers deny putting higher average markup on food made in Latvia
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Shopping habits change with price hikes

Shopping habits change with price hikes
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E-commerce has erupted like a volcano , says expert

(Latvijas Radio Ziņu dienesta korespondente) The restrictions imposed by the pandemic have led to an e-commerce breakthrough, Latvian Radio reported December 27. In 2019, only 11% of small and medium-sized companies in Latvia sold their goods and services online. “I think this year s figures will be at least twice, if not even more, higher. E-commerce and all digital transformation matters have developed very rapidly this year. This figure is also growing throughout Europe, but we have had the greatest and most extensive opportunities to increase these figures in Latvia, because we had a very low initial level,” said the chair of the Latvian Association of Information and Communication Technology (LIKTA), Signe Bāliņa.

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