International Internet Magazine. Baltic States news & analytics
Wednesday, 12.03.2014, 14:49
Retail trade turnover in Latvia increased 3.2% in January 2014, compared to January 2013, the ninth steepest increase in all European Union countries for which data are available, according to the latest data from the EU's statistical office Eurostat. Increase in Estonia made 8% and in Lithuania 4.8%, informs LETA.
Keyword tags: Analytics, EU – Baltic States, Good for Business, Markets and Companies, Retail
According to Statistics Estonia, in January 2014 compared to January 2013, the retail sales of goods of retail trade enterprises increased by 7% at constant prices.
The Supervisory Board of the Estonia-based retail trade company Tallinna Kaubamaja approved today, on March 3, 2014, the annual report and profit allocation proposal for the year 2013 of Tallinna Kaubamaja AS, according to which consolidated audited revenue of Tallinna Kaubamaja Group for the year of 2013 was 498.7 million euros, informs LETA.
Data of Central Statistical Bureau show that, compared to December 2013, total retail trade turnover in January 2014 reduced by 0.6%, according to seasonally adjusted data at constant prices. Compared to January 2013, total retail trade turnover in January 2014 rose by 3.2%.
Estonian fashion and retail concern Baltika informed the Tallinn stock exchange that its net profit was 102,000 euros in 2013, versus 805,000 in 2012, reports LETA.
According to the analysis of market research company GfK Retail and Technology, Estonians bought 26,200 new mobile phones in January 2014, by 46% less than in December and 11% less than at the same time last year, LETA/Postimees Online reports.
The Competition Council of Latvia has authorized acquisition of Palink, the company that runs the "Iki" chain stores in Latvia, by the Mego retail trade company, as the Competition Council informed the Nozare.lv business portal, cites LETA.