International Internet Magazine. Baltic States news & analytics
Monday, 22.12.2014, 01:11
In December 2014, retail sales in Estonia increase by an average of a fifth at constant prices as compared to the previous month due to Christmas sales, LETA/Delfi writes.
Keyword tags: Analytics, Baltic, Estonia, Financial Services, Markets and Companies, Retail
In October 2014, compared with October 2013, Latvia's retail sales increased 4.7%, which is the eighth fastest growth among all European Union (EU) member states that have provided information, according to latest data collected by Eurostat. Estonia had the second fastest increase, writes LETA.
According to Statistics Estonia, in October 2014 compared to October of the previous year, the retail sales of goods of retail trade enterprises increased 6% at constant prices. In September the retail sales increased 5% compared to the same month of the previous year, while in October the retail sales growth accelerated a little.
Data of Central Statistical Bureau (CSB) show that, compared to September, the total retail trade turnover in October 2014 rose by 1.5%, according to seasonally adjusted data at constant prices. Retail trade in food products grew by 0.4%, whereas of non-food products – by 2.2%.
The Tallinn City Council decided to restrict the sale of strong alcoholic beverages in small shops and forbid selling alcohol near childcare institutions, which means that 124 small stores in Estonia's capital city will lose the right to sell booze in summer 2015, LETA/Public Broadcasting reports.
Estonian TV sets shopping survey shows that as time goes on, people buy smarter and bigger TV sets, LETA/Postimees Online reports.
Maxima Latvija, which runs the chain of Maxima shopping malls and supermarkets in Latvia, was the largest trade enterprise in the country last year with turnover of EUR 673.48 million, according to the Latvian Business Annual Report 2014 collated by Firmas.lv and agency LETA.