International Internet Magazine. Baltic States news & analytics
Friday, 25.04.2014, 00:18
79% all Finnish tourists visiting Estonia buy alcohol from Estonia to take back home; they spend an average of 122 euros per buyer for that, a study by TNS Emor indicates, LETA/Postimees Online reports.
Keyword tags: Alcohol, Estonia, EU – Baltic States, Markets and Companies, Retail
Estonian Market Research Institute (EMRI) alcohol market study indicates that the alcohol consumption of Estonian inhabitants decreased slightly in 2013, LETA/Public Broadcasting reports.
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.
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.
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.
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.
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.