International Internet Magazine. Baltic States news & analytics
Friday, 29.05.2015, 09:14
The American IT company Hewlett-Packard (HP) has begun the liquidation process of its Latvian subsidiary, reports LETA, according to Firmas.lv information.
Keyword tags: Latvia, Markets and Companies, Retail, Technology, USA
Latvian Saeima passed in the final reading today a law prohibiting unfair retail practices in order to balance out interests of retailers and suppliers. The law prohibits retailers from applying a number of requirements on suppliers, informs LETA.
In March 2015, compared with February 2015, the seasonally adjusted volume of retail trade fell by 0.8% in the euro area and by 0.6% in the European Union (EU), according to estimates from Eurostat, the statistical office of the European Union, cites LETA/ELTA.
In 2014, computer electronics wholesaler MoonCom in Latvia increased its profit almost fivefold since 2013, reports LETA, according to Firmas.lv data.
Data of Central Statistical Bureau (CSB) show that, compared to February, the total retail trade turnover in March 2015 rose by 0.7%, according to seasonally adjusted data at constant prices. Compared to March 2014, the total retail trade turnover in March 2015 rose by 6.5%.
According to Statistics Estonia, in March 2015 compared to March of the previous year, the retail sales of goods of retail trade enterprises increased 8% at constant prices.
The Latvian book store chain Janis Roze increased turnover last year and returned to profit, reports LETA, according to Firmas.lv.