Alcohol

International Internet Magazine. Baltic States news & analytics Friday, 18.04.2014, 03:43

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Possible limitation of alcohol export to Finland to affect Estonian producers

Possible limitation of alcohol export to Finland to affect Estonian producers

15.04.2014

Estonian producers of alcoholic drinks follow plans of Finnish parliament to limit the volume of alcohol, produced in the European Union (EU) and brought to Finland, which might influence Estonian producers, the Estonian national broadcasting ERR reports referring to the local press.

Keyword tags: Alcohol, Baltic Export, Estonia, EU – Baltic States, Legislation, Markets and Companies



Alita's shareholders approve 4,046 thousand litas profit

Alita's shareholders approve 4,046 thousand litas profit

11.04.2014

The annual general meeting of shareholders of the Lithuania-based company, the producer of alcoholic drinks Alita approved its profit and loss account, according to which its net profit reached 4,046 thousand litas, the company said in a statement to the NASDAQ OMX Vilnius.

Latvijas Balzams will export a gold-filtered sparkling beverage

Latvijas Balzams will export a gold-filtered sparkling beverage

08.04.2014

Continuing development of innovative products, Latvijas Balzams has launched a new brand – sparkling alcoholic beverage "Cosmopolitan Diva", which is pro-duced using the unique technology of gold-filtration for the first time. In total 22 thousand euros were invested in the development of the new product, consumers’ research and creation of website.


Estonia’s alcohol industries may have to close plants for months because of excise tax increase

Estonia’s alcohol industries may have to close plants for months because of excise tax increase

25.03.2014

Janek Kalvi, manager of Estonia's biggest strong alcohol producer Liviko, and head of Estonian Alcohol Producers Association, said that alcohol industries may have to close their plants for months if the new coalition implements the promised 15% alcohol excise tax increase next year, LETA/Postimees Online reports.

Altia's sales revenue in Estonia grew by 6% in 2013

Altia's sales revenue in Estonia grew by 6% in 2013

14.03.2014

Estonia's second largest alcohol producer Altia Eesti AS saw its sales revenue grow by nearly 6% in 2013 to 32.5 million euros, LETA/Äripäev.ee reports.

07.03.2014

Lithuanian Court upholds decision of Vilnius Court on Anyksciu Vynas

Lithuanian producer of spirits Anyksciu Vynas informed that Supreme Administrative Court of Lithuania by its decision dated March 5, 2014, dismissed the company's appeal of Vilnius District Administrative Court decision dated June 11, 2013, according to which the decision of the State Tax Inspectorate was upheld, obliging the company to pay to the state's budget an amount of 413,490 litas of unpaid value-added tax (VAT), 82,120.36 litas of VAT interest and 41,349 litas of VAT fine, informs LETA, referring to Anyksciu Vynas.

04.03.2014

Lithuanian PM: excise taxes on alcohol will be increased gradually

Prime Minister of Lithuania Algirdas Butkevicius assures that there will be only one change in tax system – increase in excise duty on alcohol, reports LETA/ELTA.

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