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Sunday, 19.04.2015, 12:27
The Bauskas alus brewery operated with EUR 4.95 million in turnover n 2014, which was 13% more when compared to 2013, when the company achieved EUR 4.38 million in turnover, informs LETA.
Keyword tags: Alcohol, Good for Business, Latvia, Markets and Companies
Estonia's second-largest producer of alcohol Altia Eesti AS's net sales grew by nearly 15% in 2014, reaching 37.3 million euros, on which the company paid 17.4 million euros in excise duties, LETA/Delfi Ärileht reports.
Today, Saeima Budget and Finance Committee in Latvia approved of the amendments stipulating higher excise tax rate for alcoholic beverages as of July 1, 2015, reports LETA.
SPI Group, parent company of Stoli Group, is extremely disappointed in the ruling as we firmly believe it is not correct in light of the facts and the relevant law. We are examining all of our options with our lawyers and next steps, informs the company.
Ruling coalition parties in Latvia have agreed in principle that excise tax rate for alcoholic beverages will be increased from July 2015, reports LETA.
80% of Estonian population is in favour of a complete ban on alcohol advertising, the same way it done with tobacco advertising, a poll by Turuuuringute AS indicates; Estonian Prime Minister Taavi Rõivas said, however, that a complete ban on advertising is difficult to implement since a part of Internet ads are posted abroad, LETA/Public Broadcasting reports.
The plan of the Tallinn city government to ban the retail sales of alcohol on Sundays will be postponed because two alcohol retail companies have disputed the city government's decree in court and seek legal protection, LETA/Public Broadcasting reports.