International Internet Magazine. Baltic States news & analytics
Saturday, 22.10.2016, 16:22
Alcohol bought in Latvia makes up roughly 6 % of the total amount of booze bought by Estonians, whereas in South Estonia the ratio is as high as 18 %, a survey taken by Emor in mid-August indicates informs LETA.
Latvia's building materials and household goods chain Depo is looking to open its first store in Klaipeda by this Christmas with plans to open four more stores in other Lithuanian cities in late 2017, which means that the Latvian retailer is unlikely to have any major impact on the market until 2018, according to Verslo Zinios reported LETA/BNS on Thursday.
The attempts to stop Lidl investments in a building in Vilnius are unacceptable, and all obstacles on the path should be removed, Diana Varnaite, director of the Lithuanian Cultural Heritage Department says LETA/BNS.
Vividum, a representative of the Scandinavian furniture maker Hastens, is opening a store in Vilnius under a franchise agreement with Denmark's furniture production and retail company BoConcept, cites LETA/BNS the Verslo Zinios information.
Latest data of the Central Statistical Bureau (CSB) show that during the year (in September 2016, compared to September 2015) the average level of consumer prices increased by 0.6%. Prices of goods decreased by 0.3%, while prices of services grew by 2.8%.
Inflation is low in Estonia, but still amongst the highest in the euro area.Without tax rises, prices would have remained at close to the same level as last year.Inflation will rise further in the coming months.
The annual change of the consumer price index in Estonia was influenced the most by alcoholic beverages and tobacco
According to Statistics Estonia, the change of the consumer price index in September 2016 was 0.2% compared to August 2016 and 1.0% compared to September of the previous year.