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Tuesday, 28.02.2017, 09:44
The Estonian Institute of Economic Research (EKI) estimates that approximately EUR 8.5 mln of revenue generated by Estonians' alcohol purchases flowed into the Latvian state budget last year, writes LETA/BNS.
Lithuania's beer market leader Svyturys -Utenos Alus, which is part of Carlsberg, one of the world's largest beer groups, will sack 20 employees out of the 57 in Klaipeda. The company has breweries in Klaipeda and Utena, writes LETA/BNS.
Last year Estonia lost 10 mln euros in taxes as a result of low-alchol drinks being brought across the border, the Estonian Breweries Association said LETA/BNS.
he excise tax rate for strong alcoholic beverages will rise by 23 percent next March and that for wine and beer will surge by up to 112%, which will drive drinks prices up by up to 1 euro per bottlel, writes LETA/BNS.
An operator, Raihan Group OU, is set to open regular once-weekly bus services from the passenger port of Tallinn to the Alko1000 alcohol stores on the Latvian side of the Estonian-Latvian border in Valka and Ikla on Saturday, writes LETA/BNS.
Pernod Ricard Latvia alcoholic beverages wholesaler in the past financial year that lasted from July 1, 2015, until June 30, 2016, posted EUR 15.873 mln in sales, which is by 16.5% more than a year ago, while the company’s profit rose several times to EUR 128,805, according to Firmas.lv business database.
In the first nine months of this year, Valmiermuizas Alus brewery doubled its sales in Estonia and is now planning to start shipping beer to Finland by the end of 2016, the company's co-owner and management board member Aigars Rungis told LETA.