Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 05.03.2015, 06:05

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Sunday alcohol sales ban in Tallinn postponed

Sunday alcohol sales ban in Tallinn postponed

04.03.2015

The plan of the Tallinn city government to ban the retail sales of alcohol on Sundays will be postponed because two alcohol retail companies have disputed the city government's decree in court and seek legal protection, LETA/Public Broadcasting reports.

Keyword tags: Alcohol, Estonia, Legislation, Markets and Companies, Retail



Latvia registered EU's fifth largest increase in retail trade turnover in January

Latvia registered EU's fifth largest increase in retail trade turnover in January

04.03.2015

In January 2015, compared with January 2014, the volume of retail trade increased by 6.7% 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. In Lithuania, retail volume rose by 3.3%, but in Estonia – by 2.8%, writes LETA.

Drug sales turnover in Latvia in January – EUR 29.28 mln

Drug sales turnover in Latvia in January – EUR 29.28 mln

04.03.2015

The total turnover for drug sales in Latvia in January 2015 reached EUR 29.28 million, the State Agency Of Medicine informed LETA.


Banking sector’s role in supporting European SMEs

Banking sector’s role in supporting European SMEs

04.03.2015

Banking sector is an important contributor to jobs and growth in the EU through the support for SMEs. The sector already provides in the EU-28 about €4 trillion in loans, a big share of which goes to SMEs. In some of the states, the sector’s share in SMEs’ lending is about 30-40%. Seeking to rebuild Europe's economy, this channel of funding shall be supported and developed.

Lithuanian beef is welcome in Bosnia and Herzegovina

Lithuanian beef is welcome in Bosnia and Herzegovina

04.03.2015

Doors of the Bosnia and Herzegovina market have been opened to Lithuanian beef and its products, reports LETA/ELTA, referring to the Lithuanian Government.

04.03.2015

EU and Kazakhstan confirm the mutual interest in signing and ratifying the new Enhanced Partnership Agreement

The Cooperation Council between the European Union (EU) and Kazakhstan held its fourteenth meeting on Tuesday, 3 March 2015. The meeting was chaired by the Minister of Foreign Affairs of the Republic of Kazakhstan, Mr Erlan Idrissov. The delegation of the EU was led by Mr Edgars Rinkevics, Minister of Foreign Affairs of the Republic of Latvia, reports BC the Latvian MFA.

04.03.2015

Stockmann and Colliers Latvia sign cooperation agreement for leasing premises in Riga

Stockmann’s Real Estate division will start cooperation with commercial real estate consultancy company Colliers International Latvia to analyze possibilities to partly sub-lease premises in Stockmann’s department store building in Riga, reported BC deputy director at Stockmann’s Real Estate Lauri Veijalainen.

04.03.2015

Eesti Pank: exports of Estonian goods grew faster in 2000-2013 than global exports

Exports of Estonian goods and services grew faster in 2000-2013 than global exports as a whole in both current and constant prices, meaning that Estonian exports managed to gain market share during those years, Estonia's central bank Eesti Pank said in its fresh competitiveness report, cites LETA.

04.03.2015

Maxima now offers online shopping in all Baltic States

Maxima Eesti owned by the Lithuanian Maxima Grupe became the first retail chain in Estonia to open a store online. Residents of Tallinn and its surroundings are now able to buy more than 6,000 different types of everyday foods and drinks, Maxima Grupe reports LETA/ELTA.

04.03.2015

Pieno Zvaigzdes increases earnings by 22% in 2014

Based on preliminary unaudited results dairy company AB Pieno Zvaigzdes sales over whole year 2014 accounted to LTL 827.3 million (EUR 239.6 million) or 8.9% higher compare with sales a year ago, writes LETA/ELTA.

04.03.2015

Lithuania to be among most transparent EU countries in 2025

Deputy Director of the Special Investigation Service (STT) Romas Zienka says that in 2025 Lithuania should come within the top 10 of the most transparent Member States of the European Union, informs LETA/ELTA.

04.03.2015

Sales of Vilkyskiu Pienine Group grew by 4% in 2014

In 2014, Vilkyskiu Pienine Group reported sales of LTL 379 million (EUR 110 million), a 4% rise from 2013, the company announced, cites LETA/ELTA.

03.03.2015

Retail sales in Estonia grew by 5% in January y-o-y

According to Statistics Estonia, in January 2015 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 5% at constant prices.

03.03.2015

Baltic Opportunity Fund acquires the Europa shopping mall in Vilnius

Baltic Property Trust Secura A/S, which is currently in voluntary liquidation has completed the sale of its largest property – Europa shopping mall in Vilnius. The asset has been acquired by the Baltic Opportunity Fund, which is managed by Northern Horizon Capital. The value of the deal is not disclosed.

03.03.2015

Economy Ministry: Finland's poor economic state can become a danger to Estonia

Estonian Economy and Communications Ministry said, commenting upon the fresh Estonian retail trade statistics, that in the future, the main risk point for the Estonian economy will be Finland, LETA/delfi.ee reports.

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