International Internet Magazine. Baltic States news & analytics
Friday, 01.07.2016, 14:35
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
In 2012, the average forest regeneration costs, depending on the forest land quality group1, varied between 620 and 687 euros per hectare, according to the data of the Central Statistical Bureau (CSB).
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.
Digital issues are now firmly on the global political agenda, e.g. at the G-7 ICT meeting in Japan in April 2016 and recent OECD meeting as well as in the G-20 formation. These are clear signs of digital/ICT socio-economic importance and political relevance: the ICT-digital industry is becoming the fastest growing sector in the world.
Contraband cigarettes in Latvia account for 23.8% of the market. In Lithuania, in the second quarter of the year 2016, illegal cigarettes accounted for 17.7% of the market and in Estonia – 15%, informs LETA, according to the latest "empty pack survey" conducted by Nielsen market research company.
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 XII International Uzbek Cotton & Textile Fair and Conference will take place on 12-13 October 2016 in Tashkent.
According to a study conducted by KPMG, the illicit cigarette trade caused a loss of 31 million euros to Estonia in 2015, while the share of black market cigarettes in total consumption fell by 4.1%age points to 14.4%, informs LETA/BNS.
At the European Council meeting on 28-29 June in Brussels, which was also attended by Prime Minister of Latvia, Maris Kucinskis, the EU leaders assessed the situation in Europe after the UK's referendum where the majority of the population expressed a desire to see the United Kingdom outside the EU, reported BC governmental press service.
Russian President Vladimir Putin on June 29th extended the Russian embargo on food imports from EU member states and other countries to the end of 2017, reports INTERFAX/LETA.
Lithuania's media watchdog has cancelled restrictions on two Russian-language TV channels after signals from the European Commission that the sanctions may run counter to EU legislation, reports LETA/BNS.
British Prime Minister David Cameron has promised Latvian Prime Minister Maris Kucinskis (Greens/Farmers) not to allow discrimination against guest workers in his country, LETA was told at the press service of the State Chancellery.
On 21 June 2016, the Council agreed on a draft directive addressing tax avoidance practices commonly used by large companies. The directive is part of a January 2016 package of Commission proposals to strengthen rules against corporate tax avoidance.