International Internet Magazine. Baltic States news & analytics
Saturday, 13.02.2016, 10:45
The Latvian financial watchdog, the Financial and Capital Market Commission (FCMC), has given its permission to Amber Beverage Group, the largest shareholder in Latvijas balzams alcoholic beverage maker, to make a voluntary takeover bid for Latvijas balzams shares, reports LETA.
Keyword tags: Alcohol, Financial Services, Investments, Latvia, Legislation, Markets and Companies
According to Estonia's Health and Labor Minister Jevgeni Ossinovski, Justice Minister Urmas Reinsalu hid behind formal and technical justifications when he did not approve Ossinovski's plans for restricting the advertising and sale of alcohol because the government has basically already agreed on the plan and therefore the bill would probably be sent to the parliament in the coming weeks, informs LETA/BNS.
Financial and Capital Market Commission has accepted for further processing application for the joint-stock alcoholic beverage producer Latvijas balzams voluntary takeover bid by the company's largest shareholder, Amber Beverage Group, reports LETA.
The Estonian alcoholic beverages maker Liviko has said it will cut 20 jobs and switch to part-time work as a result of the increase in the alcohol excise duty taking effect on February 1, 2016, reports LETA/BNS.
The Estonian vodka maker AS Liviko and several major retail sellers accused of a cartel agreement between participants in the alcohol supply chain of Estonia in 2009 got out of the case on Monday by the decision of the Tallinn circuit court because according to the second-tier court the accused were falsely prosecuted and by now the alleged offenses have expired, reports LETA/BNS.
The Estonian alcoholic beverages maker Altia Eesti boosted export by 27% to 3.42 million liters and exported two thirds of output in 2015, informs LETA/BNS.
A total of 8.105 mln. decaliters of beer was produced in Latvia in January-November last year, which is 11.46 % less than in the eleven months of 2014, according to the State Revenue Service's data, write LETA.