International Internet Magazine. Baltic States news & analytics
Sunday, 24.07.2016, 17:40
A total of EUR 1.7 mln will be invested in expansion and modernization of Sky&More shopping center in Riga by the end of this year, Sky&More Director Kristine Kopce-Lumane told LETA.
Keyword tags: Good for Business, Investments, Latvia, Retail
EfTEN Kinnisvarafond II AS and KanAm Grund Kapitalverwaltungsgesellschaft mbH today announced BC that EfTEN has acquired the Domina Shopping Center from KanAm.
According to Minister of Rural Affairs Urmas Kruuse, the situation on the Estonian retail market is such that farmers do not get a big enough share of the final price of products, which is why the Ministry of Rural Affairs has made a proposal to the government to discuss and study the spread of unfair trade practices in Estonia, cites LETA\BNS.
Estonian-owned Lithuanian clothes retailer Baltika Lietuva last year posted 12.107 mln euros in revenue, down 1.3% from 12.263 mln euros in 2014, informs LETA/BNS.
Apranga, the Baltics' leading clothing retailer, said on Friday that its first-half sales rose by 7.2 year-on-year to EUR 94.3 mln, reports LETA/BNS.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to May 2015, total retail trade turnover in May 2016 rose by 3.4%. Turnover of retail trade in food products increased by 2.1%, whereas the turnover of retail trade in non-food products grew by 3.9%.
According to Statistics Estonia, in May 2016 compared to May 2015, the turnover of retail trade enterprises increased 8% at constant prices. While in April the turnover increased 6% compared to the same month of the previous year, in May the turnover growth accelerated further.