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Friday, 19.12.2014, 15:33
Joint-stock alcoholic beverage producer Latvijas Balzams operated with EUR 49 million in turnover in the first nine months of the year 2014, which was 1.5% more when compared to the same period last year, when the company achieved EUR 48.3 million in turnover, the company announced in a financial report submitted to the ''Nasdaq'' Riga Stock Exchange, writes LETA.
Keyword tags: Alcohol, Good for Business, Latvia, Markets and Companies
The Tallinn City Council decided to restrict the sale of strong alcoholic beverages in small shops and forbid selling alcohol near childcare institutions, which means that 124 small stores in Estonia's capital city will lose the right to sell booze in summer 2015, LETA/Public Broadcasting reports.
Company group AB Alita consolidated non-audited activity results for the 9 months of 2014 according to the International Financial reporting standards are LTL 1.0 million (EUR 0.3 million) profit before taxes, the company announced. The unaudited activity result of AB Anyksciu Vynas for the nine months of 2014 according to the International Financial Reporting Standards is LTL 0.3 million (EUR 0.1 million) loss before taxes, informs LETA/ELTA.
The Seimas in Lithuania has adopted amendments to the Law on Excise Duty (draft No. XIIP-2382(2) under urgent procedure. As a result, starting with 1 March 2015, higher excise duty rates will apply to beer, wine and other fermented beverages, intermediate products, ethyl alcohol, cigarettes, cigars and cigarillos, reports BC Seimas’ press service.
The state is losing EUR 80 million in taxes every year due to the premature death of residents caused by alcohol abuse, Latvian Health Minister Guntis Belevics (Greens/Farmers) said yesterday during the conference "Reducing Harm Caused by Alcohol in Latvia", organized by Latvian Medical Association, cites LETA.
Today in the Riga Old Town, at Valnu Street 21, the first new concept and design Latvijas balzams shop (part of the LB veikali chain) was opened, offering shoppers a contemporary comfortable shopping environment and a wider assortment. The company plans to open several such new concept stores in Riga and Jūrmala over the next two years, investing a total of around half a million euro in modernization, informed BC Latvijas balzams communications manager Dana Hasana.
Estonian Health and Labour Minister Urmas Kruuse said that the government is not sitting idly regarding reduction of excessive alcohol consumption in the country and for example during the new EU financing period, 10 million euros will be spent to combat alcoholism, LETA/Public Broadcasting reports.