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Saturday, 30.07.2016, 23:39
As much as 18 % of the strong alcohol consumed in Estonia was sold via Latvia as at the end of June, which means that the government will forgo 15-20 mln euros in excise duty and VAT in 2016, the Estonian Alcohol Producers and Alcohol Importers Association informs cites LETA/BNS.
Keyword tags: Alcohol, Estonia, Latvia, Markets and Companies
Estonian Supreme Court found on June 20th that the case of the alleged alcohol cartel agreement has not expired like it was found in the Tallinn circuit court in January 2016, which means the second-tier court has to discuss the case again, informs LETA/BNS.
In the first four months of 2016, beer production in Latvia dropped by 17.8% year-on-year to 2.204 million decaliters, the Excise Goods Administration of the Latvian State Revenue Service (VID) reported LETA.
Estonia should lower the fuel excise duty to the level of 2015 and forgo the hikes planned for the next two years, since the rise in February 2016 has failed to bring with it an increase in tax inflow and has had a very negative effect on the business environment instead, BNS/LETA cites the Estonian Employers' Confederation.
Two large retail chains in Poland, Auchan and Carrefour, have introduced altogether 15 products of the Estonian beverage house Saku in their product offering since May 2016, reports LETA/BNS.
The Estonian maker of alcoholic beverages Koch OU is set to invest 600,000 euros in product development, production equipment and packaging in 2016 and has set its sights on a market share of 30% among Estonian producers of strong alcohol, informs LETA/BNS.
Annual per capita consumption of legal cigarettes in Lithuania rose to 55 packs in 2015, from 50 packs in 2014, figures from Statistics Lithuania showed on June 10th. The consumption of alcohol in Lithuanian edged down to 12 liters of legal absolute alcohol, writes LETA/BNS.