International Internet Magazine. Baltic States news & analytics
Thursday, 05.03.2015, 06:05
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
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.
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 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.
Doors of the Bosnia and Herzegovina market have been opened to Lithuanian beef and its products, reports LETA/ELTA, referring to the Lithuanian Government.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.