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Tuesday, 28.03.2017, 20:36
Lithuanian furniture and interior design retailer Berry has invested over EUR 1 mln in its first store in Latvia which will open in Riga in late March, the company announced LETA/BNS.
Keyword tags: Forum, Good for Business, Investments, Latvia, Lithuania, Markets and Companies, Retail
The home improvement and gardening retailer Bauhaus opened on Friday morning its second store in Estonia in Tallinn's Rocca al Mare neighborhood that represents an investment of more than 20 mln euros, reports LETA/BNS,
Latvia’s SEB Banka and Verus Praedium company, developer of the international home furnishing products brand IKEA in Latvia have signed a long term loan agreement of EUR 35.4 mln for construction of IKEA store near Riga, the bank said in its statement.
According to Statistics Estonia, the change of the consumer price index in February 2017 was 1.3% compared to January 2017 and 3.4% compared to February of the previous year.
Around EUR 5 mln have been invested in a renovation project aimed at enhancing the efficiency of 12,000 square meters of floor space at Domina Shopping mall in Riga, the mall’s head Dina Bunce told LETA.
Calendar adjusted data (at constant prices) compiled by the Central Statistical Bureau (CSB) show that, compared to January 2016, total retail trade turnover in January 2017 rose by 3.7%. Turnover of retail trade in food products declined by 0.1%, whereas turnover of retail trade in non-food products grew by 5.9%.
The listed Estonian retailer Tallinna Kaubamaja Grupp is planning to pay a dividend of 63 cents per share, totaling 25.7 mln euros.