International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 19:23
According to the Estonian Tax and Customs Board, the tax revenue collected by the state budget amounted to 381.4 million euros in May 2012; in the first five months of the year, the state budget has collected 38.8% of the revenue planned for the year in the 2012 state budget, LETA/Postimees Online reports.
Keyword tags: Budget, Estonia, Financial Services, Taxation
According to Statistics Estonia, in the 1st quarter of 2012, the net sales, costs and total profit of the business sector increased compared to the previous quarter as well as to the same quarter of the previous year. At the same time, the high comparison basis makes the growth rate slower.
The growth of sales volumes and market share boosted the sales revenue of Estonian confectionery company AS Kalev by 11% and the company earned a profit of 618,000 euros in 2011, LETA/Public Broadcasting reports.
A traditional meeting between the Foreign Affairs Committees of the three Baltic States, hosted by the Seimas Committee on Foreign Affairs, took place in Nida (Lithuania) on 3 June 2012.
The Estonian Car Sales and Servicing Companies Union AMTEL data indicates that 1,689 new cars were sold by its member dealerships in Estonia in May 2012, which is a growth of 7.9% from April and 7.8% more than a year ago, LETA/Postimees Online reports.
In the first five months of 2012, the State Labor Inspectorate established 10 percent more cases of unreported employment than in the respective period in 2011, State Labor Inspectorate representative Aivis Vincens told LETA.
In the first quarter of 2012, Latvia's economy displayed the fastest growth across the European Union when compared with the first quarter of 2011, as well as the fastest if compared to the fourth quarter of 2011, according to the latest data from the EU's statistical office Eurostat.