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Friday, 18.04.2014, 03:43
Estonian producers of alcoholic drinks follow plans of Finnish parliament to limit the volume of alcohol, produced in the European Union (EU) and brought to Finland, which might influence Estonian producers, the Estonian national broadcasting ERR reports referring to the local press.
Keyword tags: Alcohol, Baltic Export, Estonia, EU – Baltic States, Legislation, Markets and Companies
The annual general meeting of shareholders of the Lithuania-based company, the producer of alcoholic drinks Alita approved its profit and loss account, according to which its net profit reached 4,046 thousand litas, the company said in a statement to the NASDAQ OMX Vilnius.
Continuing development of innovative products, Latvijas Balzams has launched a new brand – sparkling alcoholic beverage "Cosmopolitan Diva", which is pro-duced using the unique technology of gold-filtration for the first time. In total 22 thousand euros were invested in the development of the new product, consumers’ research and creation of website.
Janek Kalvi, manager of Estonia's biggest strong alcohol producer Liviko, and head of Estonian Alcohol Producers Association, said that alcohol industries may have to close their plants for months if the new coalition implements the promised 15% alcohol excise tax increase next year, LETA/Postimees Online reports.
Estonia's second largest alcohol producer Altia Eesti AS saw its sales revenue grow by nearly 6% in 2013 to 32.5 million euros, LETA/Äripäev.ee reports.
Lithuanian producer of spirits Anyksciu Vynas informed that Supreme Administrative Court of Lithuania by its decision dated March 5, 2014, dismissed the company's appeal of Vilnius District Administrative Court decision dated June 11, 2013, according to which the decision of the State Tax Inspectorate was upheld, obliging the company to pay to the state's budget an amount of 413,490 litas of unpaid value-added tax (VAT), 82,120.36 litas of VAT interest and 41,349 litas of VAT fine, informs LETA, referring to Anyksciu Vynas.
Prime Minister of Lithuania Algirdas Butkevicius assures that there will be only one change in tax system – increase in excise duty on alcohol, reports LETA/ELTA.