International Internet Magazine. Baltic States news & analytics
Friday, 28.11.2014, 15:16
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%.
Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail
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.
Estonian Retailers Association Chairman of the Board and Chairman of the Board of Tallinna Kaubamaja AS Raul Puusepp said, commenting upon the city of Tallinn's planned alcohol sales restrictions that the plan of Tallinn to cause demise of small entrepreneurship is incomprehensible and the Association could consider legal action, Äripäev.ee/LETA reports.
In September 2014, compared with September 2013, Latvia's retail sales increased 3.6%, which is the seventh fastest growth among all European Union (EU) member states that have provided information, according to latest data collected by Eurostat. Estonia was second, informs LETA.
According to Statistics Estonia, in September 2014 compared to September of the previous year, the retail sales of goods of retail trade enterprises increased 6% at constant prices.