Markets and Companies

International Internet Magazine. Baltic States news & analytics Monday, 19.11.2018, 20:03

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Somersby most popular alcoholic beverage in Latvia

Somersby most popular alcoholic beverage in Latvia

16.11.2018

In the first nine months of the year, the Somersy brand cider produced by joint-stock Cesus Alus was the most popular alcoholic beverage in Latvia, according to information from the State Revenue Service writes LETA.

Keyword tags: Alcohol, Analytics, Latvia, Markets and Companies



Riga Marathon added to world's most prestigious marathon league

Riga Marathon added to world's most prestigious marathon league

16.11.2018

The International Association of Athletics Federations (IAAF) has confirmed the Lattelecom Riga Marathon’s compliance with the prestigious Gold Label, informed LETA.

Quality, not quantity of state-run companies on stock exchange matters

Quality, not quantity of state-run companies on stock exchange matters

16.11.2018

The governance of state-run companies will become more transparent and their activities will be more effective if they are listed on the stock market, Masamichi Kono, deputy secretary general at the Organization for Economic Co-operation and Development, told the Lithuanian Verslo Zinios business daily, citing LETA/BNS.


Pigu-Morele merger: new company might be sold off – competitor

Pigu-Morele merger: new company might be sold off – competitor

15.11.2018

After Pigu, Lithuania's largest e-trade company, on Wednesday announced its merger with Poland's Morele, the CEO of its competitor, Varle, warns that the planned merger is aimed at preparing the new company to be sold off later, reported LETA/BNS.

Estonian lawmakers to again handle bill banning fur farms

Estonian lawmakers to again handle bill banning fur farms

14.11.2018

Estonian animal rights associations have welcomed a bill banning fur farms which Social Democratic Party MP Barbi Pilvre again filed in the parliament Wednesday, informed LETA/BNS.


14.11.2018

Wine production and trade in the EU

This week wine lovers will be celebrating Beaujolais Nouveau day (15 November) – so it is an appropriate time to look at the latest data on the major wine exporters and importers in the European Union (EU). In 2017, the sold production of wine (including sparkling wine, port and grape must) in the EU was 14.6 billion litres. The largest wine producers were Spain, Italy and France, followed by Portugal, Germany and Hungary, informed Eurostat.

14.11.2018

Sales of Madara Cosmetics company up 29% in nine months

Latvia’s Madara Cosmetics company in the first nine months of this year generated EUR 6.958 ln in sales, which is by 29% more than in 2016, according to the company’s financial report submitted to the Nasdaq Riga stock exchange.

14.11.2018

Estonian industry body calls for lowering excise duty on strong, low-alcohol beverages

The Estonian Association of Alcohol Producers and Importers, a body bringing together sellers of wine and strong alcoholic beverages, says that the state's excise duty policy in the next four years should seek to establish tax peace and the excise duty rates for both low-alcohol beverages and strong alcohol should be lowered proportionally, informed LETA/BNS.

14.11.2018

Depo DIY remains largest company in construction materials retail industry in 2017

With a turnover of EUR 219.105 mln, construction supplies retailer Depo DIY was the leader in Latvia's construction materials retail industry in 2017, according to the Latvian Business Report 2018 collated by Firmas.lv and LETA.

13.11.2018

AGA invests 20 mln euros in industrial gas production plant in Lithuania

The industrial and medical gas company AGA in the Baltics invests 20 mln euros in a new production plant in the Kėdainiai free economic zone, Lithuania. The Air Separation Unit will produce oxygen and nitrogen for the Baltic market, informed the company’s representatives.

13.11.2018

Drogas retail chain is leader in Latvia’s perfumery, cosmetics sector in 2017

Cosmetics and household goods retailer Drogas was the leader of Latvia’s perfumery and cosmetics sector last year with the annual turnover of 73.952 mln euros, growing 51% from 2016, according to the Latvian Business Annual Report 2018 compiled by Firmas.lv and LETA.

13.11.2018

Cemex remains leader in Latvia’s construction materials sector in 2017

Last year Cemex remained the leader in Latvia’s construction materials sector with 78.067 mln euros in annual turnover, according to the Latvian Business Annual Report 2018 compiled by Firmas.lv and LETA.

12.11.2018

Estonia's registered unemployment at 4.6% in October 2018

The number of registered unemployed in Estonia was 29,759 at the end of October 2018, making up 4.6% of the total number of workforce from age 16 to retirement age, informs LETA/BNS.

12.11.2018

Avoti SWF the largest furniture maker in Latvia in 2017

Gulbene region-based solid wood furniture producer Avoti SWF was the largest furniture maker in Latvia last year, according to the Latvian Business Annual Report 2018 collated by Firmas.lv and LETA.

12.11.2018

Amber Beverage Group buys vodka distillery in Russia

Alcohol producer, distributor and retailer Amber Beverage Group has acquired a 90% stake in Russian vodka distillery Permalko, which is one of the oldest alcohol producers in Russia, informs LETA referring to the group’s representatives.

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