International Internet Magazine. Baltic States news & analytics
Saturday, 04.07.2015, 13:04
In May, compared with May 2014, the volume of retail trade increased by 4.9% in Latvia, which is the fifth best growth among the European Union member states for which data are available, according to latest information provided by Eurostat. Estonia was second, writes LETA.
Keyword tags: Analytics, EU – Baltic States, Good for Business, Markets and Companies, Retail
According to Statistics Estonia, in May 2015 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 8% at constant prices. While in April retail sales increased by 6% compared to the same month of the previous year, then in May the growth in retail sales accelerated slightly.
Data of Central Statistical Bureau show that, compared to April, the total retail trade turnover in May 2015 dropped by 0.9%, according to seasonally adjusted data at constant prices. Retail trade in food products declined by 1.6%, whereas turnover of non-food products – by 0.4%.
The home appliances wholesaler Proks turned over EUR 107,029,331 in 2014, which is 70% more than in 2013, reports LETA, according to Firmas.lv information.
Statistics Lithuania informs that, based on provisional data, in May 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 745.8 million; against April 2015, it increased by 1.4% at constant prices (seasonally adjusted – decreased by 1.2%).
On June 9 in Strasbourg, the Latvian Foreign Ministry’s Parliamentary State Secretary for EU Affairs, Zanda Kalnina-Lukasevica, signed a number of EU legislative acts, which provide for the systematisation and simplification of regulations currently in force in order to make them clearer and more understandable, reports BC the Latvian MFA.
Household goods retailer Jysk Linnen'n Furniture (Jysk) plans to invest EUR 2.8 million in the company's business in the Baltic States, Jysk director in Baltics, Dace Zundure, told LETA.