International Internet Magazine. Baltic States news & analytics
Saturday, 05.09.2015, 06:42
With about 70,000 fans expected to converge on Riga from abroad for the European Championship ("EuroBasket" 2015), the Latvian beer giant Aldaris is gearing up for the event with special set-ups in a number of host bars in Old Town and downtown, and a cordoned-off zone at the Freedom Monument, reports LETA.
Keyword tags: Alcohol, Baltic States – CIS, EU – Baltic States, Forum, Latvia, Markets and Companies, Tourism
15 years ago, the domestic beverage producer Latvijas balzams started making what was, at the time, the first hard cider in Latvia, Lucky Dog, based on apple juice concentrate and a recipe developed by Latvian food technologists. Today, hard cider with the Lucky Dog brand is available in five flavors and is the second most popular hard cider in Latvia and the 12th most popular alcoholic beverage.*
Joint-stock company Aldaris posted EUR 28.62 million in turnover in 2014, a decrease of 21% compared to 2013, while the company's losses decreased threefold to EUR 3.40 million, reports LETA, according to information from Firmas.lv.
The opportunity of proportionate increase in excise tax rates on alcohol and fuel, as well as changes to the system of social contributions for high-income earners are currently being considered by the government as part of the work on the 2016 budget, according to unofficial information acquired by LETA.
In the first half of the year, a total of 2.659 million decaliters of alcoholic beverages, excluding beer, was produced in Latvia — a 3.3% increase compared to the first six months of 2014, reports LETA, according to the State Revenue Service.
In the first half of the year a total of 5.301 million decaliters of beer was produced in Latvia, which is by 5% less than compared to the first six months of 2014, reports LETA, according to the State Revenue Service's data.
A Norwegian court on August 17th sentenced an airBaltic co-pilot to six months in jail after he failed a breathalyzer test before take-off from Oslo's airport, cites LETA/AFP.