International Internet Magazine. Baltic States news & analytics
Sunday, 29.03.2015, 23:47
SPI Group, parent company of Stoli Group, is extremely disappointed in the ruling as we firmly believe it is not correct in light of the facts and the relevant law. We are examining all of our options with our lawyers and next steps, informs the company.
Keyword tags: Alcohol, Baltic States – CIS, EU – Baltic States, Latvia, Legislation, Markets and Companies
Ruling coalition parties in Latvia have agreed in principle that excise tax rate for alcoholic beverages will be increased from July 2015, reports LETA.
80% of Estonian population is in favour of a complete ban on alcohol advertising, the same way it done with tobacco advertising, a poll by Turuuuringute AS indicates; Estonian Prime Minister Taavi Rõivas said, however, that a complete ban on advertising is difficult to implement since a part of Internet ads are posted abroad, LETA/Public Broadcasting reports.
The plan of the Tallinn city government to ban the retail sales of alcohol on Sundays will be postponed because two alcohol retail companies have disputed the city government's decree in court and seek legal protection, LETA/Public Broadcasting reports.
Amber Beverage Group, the leading wine and spirits company in the Baltic countries and part of SPI Group, is expanding its partnership with Beam Suntory, the world’s third largest premium spirits company, reported BC head of communications at Amber Beverage Group Dana Hasana.
Joint-stock alcoholic beverages producer Latvijas balzams turnover increased 4.8% in 2014, amounting to EUR 73.7 million, according to the company's unaudited financial statement submitted to "NASDAQ OMX Riga", cites LETA.
The canned and plastic-bottled cocktail "Cesu Dzons" was the most popular alcoholic beverage in Latvia in 2014, reports LETA, according to the State Revenue Service's data.