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Monday, 09.12.2013, 02:20
9-month results of 2013 of the Baltic's largest producer of alcoholic beverages joint-stock Latvijas balzams have seen rises in both profit figures and turnover, the company said in an announcement to the ''NASDAQ OMX Riga'' stock exchange, cites LETA/Nozare.lv.
Keyword tags: Alcohol, Baltic Export, Good for Business, Latvia, Markets and Companies
The Health Ministry has completed work on amendments to the Electronic Mass Media Law, which stipulate a complete ban on television commercials and advertisements of alcoholic beverages from 6 a.m. to 10 p.m., informs LETA.
Both second and third quarters were profitable for the Company Group Alita thus 9 month result of the Company Group Alita is almost 0.8 million LTL (EUR 231 thousand) better than that of 2012. The improvement of financial results was influenced by the rapid increase in export sales and successful marketing strategy in Lithuanian market, informs LETA/ELTA.
Estonian beer and soft drinks producer A. Le Coq saw its profit grew by 27.5% to 5.6 million euros in the third quarter of the year 2013, LETA/Postimees Online reports.
One of the largest Lithuanian breweries UAB Svyturys-Utenos Alus is projecting that beer prices will slightly increase by up to 10 Lithuanian cents. It will be affected not by the raw material price but by the excise on alcohol increase on 1 April 2014., informs LETA/ELTA.
On October 18th, 2013, the Latvian Medical Association sent a letter to Saeima and the Cabinet of Ministers, demanding immediate action against underground alcohol sellers, the association informed LETA.
Even though the situation with combating bootleg alcohol has improved over the past few years, this underground business cannot yet be fully eradicated at the moment since the applicable punishments fail to achieve their goals, Latvian State Police Chief Ints Kuzis told the LNT morning show "900 sekundes" today, informs LETA.