International Internet Magazine. Baltic States news & analytics
Friday, 01.07.2016, 00:11
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%.
Keyword tags: Analytics, Good for Business, Latvia, Markets and Companies, Retail
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.
The Lithuanian parliament on June 30th, 2016 adopted legislation making it easier for third-country nationals to obtain residence permits and get employed in the country, informs LETA/BNS.
The turnover of Balsnack, an Estonian producer of chips, popcorn and other snacks, increased in 2015 by 12% to 3.9 million euros, but profit fell from the year-earlier 81,500 euros to 30,100 euros, reports LETA/BNS.
Kesko Senukai Lithuania (former Senuku Prekybos Centras), the operator of a building and home improvement supplies chain in the Baltics, posted 15.382 million euros in consolidated net profits for 2015, up 12% from 13.74 million euros in 2014, informs LETA/BNS.
The Estonian aircraft painting and maintenance company Magnetic MRO is to open a new online store, enginestands24.com, where it will sell and lease aircraft engine stands, reports LETA/BNS.
The average turnover for all Latvian companies in 2015 amounted to EUR 21,700, which is 13% more than in 2014, informs LETA, according to Lursoft data.
US-based hotel giant Marriott International would like to see more than one Marriott-branded hotel in Lithuania, with the greatest potential seen in the economy and mid-priced segments, the business daily Verslo Zinios reported on June 29th, writes LETA/BNS.
The revenue of PKC Eesti, Estonian arm of the listed Finnish manufacturer of cable harnesses for the automotive industry, which in February 2016 announced it would lay off 613 employees in 2017, in 2015 increased 5% to 145.7 million euros and its net profit soared 51% to 17.9 million euros, informs LETA/BNS.
Latvia's Food Union dairy group, which comprises dairy companies Rigas Piena Kombinats (RPK), Valmieras Piens and Rigas Piensaimnieks, has started production of a new curds ice-cream Karums, investing more than EUR 120,000 in development and production of the new product, said LETA Normunds Stanevics, the board chairman of RPK.
Rimi Lietuva, one of Lithuania's biggest grocery chains, in 2015 improved its performance results thanks to new store openings and plans to continue its expansion in 2016, reports LETA/BNS.
China's tea production giant Yunnan Dianhong Group is considering setting up a representative office in Lithuania that could serve as a marketing center for Europe, Prime Minister Algirdas Butkevicius said, cites LETA/BNS.
Lithuanian-owned charter carrier Small Planet Airlines posted 76.757 million euros in revenue for 2015, a rise of 49.7% compared with 2014, informs LETA/BNS.
Apranga LV, the Lithuanian-controlled owner of Zara fashion stores in Latvia, closed 2015 with higher turnover and profit, reports LETA, according to Firmas.lv business database.