Thu, 22 Dec 2011: Lithuania poised to curb strong beer market…

“Most small brewers bottle their brew only in the plastic package. Therefore, any ban on them would hit them severely, requiring large investments for switching to glass packaging. The ban w...

Wed, 6 Apr 2011: High fuel prices threaten economy…

“Excise and value-added taxes are being increased constantly, but we would like to also see activity to ensure that consumers have more money,” he explains. The government on March 2...

Thu, 18 Feb 2010: One-time gains boost output…

The economy grew a seasonally adjusted 2.6 percent from the third quarter. “Consumer demand was weak, as expected, and the improvement has come due to export markets,” said Maris Lau...

Wed, 4 Mar 2009: Latvijas Balzams enjoys record sales…

That's why further development and growth in export markets will become even more important," said Andersons. In the first quarter of 2008 Latvijas Balzams recorded a loss, motivating the company...

Wed, 21 Jan 2009: Taking Counsel: Terminations: Proceed with Caution…

Unilateral termination of the employment relationship by the employer is allowed only in the following cases: 1) Where the employee has committed a serious breach of the employment agreement or...

Wed, 19 Nov 2008: New government to raise taxes …

Also, the 20-20-20 tax rate will be welcomed by foreign investors because of its simplicity," he said "This will be good until everything is balanced and then it could be reduced." Kubilius said t...

Wed, 9 Jul 2008: Taking Counsel: Booze It and lose it…

The first DUI is a misdemeanor which, according to Estonian Traffic Law section 74.19, is punishable by a fine of up to 300 fine-units (one fine-unit being 60 kroons or 4 euro) or detention, with ...

Wed, 27 Feb 2008: Godmanis doubts inflation…

In January prices for alcohol and tobacco jumped an astonishing 16.5 percent due to higher excise taxes. Alcohol and tobacco make up 7.1 percent of the basket of goods used to calculate inflatio...

Wed, 8 Aug 2007: Finns to trek to Riga for booze?…

In Helsinki, the Finance Ministry recently proposed raising the tax on strong drinks by 15 percent and on weaker booze by 10 percent. This follows a slash in the rate by one-third in 2004 as Fin...

Wed, 4 Oct 2006: Baltic brewers unhappy about planned tax hike…

"We are calling on the national governments not to back this initiative," they said in a statement. The brewers welcomed the EU's initiative to tighten regulation of the alcohol market but critici...

Wed, 26 Oct 2005: Latvijas Balzams wins lucrative Norwegian tender…

Company managers were set to release more detailed information about this contract and the company's exports at a news conference on Oct. 26. Norway possesses some of the most expensive retail pri...

Thu, 23 Oct 2003: Stumbras sell-off finalized…

Povilas Milasauskas, chief executive officer of the State Property Fund, signed off on the transaction along with Mineraliniai Vandenys Chairman Arturas Listavicius.The tender for Stumbras had bee...

Thu, 25 Sep 2003: Stumbras sell-off enters final stretch…

Artrio-2, a Vilnius-based alcohol wholesaler, is set to purchase a 72.93 percent share in Anyksciu Vynas, the country's largest producer of wines.. ...

Thu, 11 Sep 2003: In Brief - 2003-09-11…

When the fall and winter timetable comes intoeffect as of the end of October, Estonian Air will only have Boeings in itsfleet. (Baltic News Service)Stumbras privatization on road to completionLith...

Thu, 24 Jul 2003: In Brief - 2003-07-24…

Price differences between Estonia and Finland are "enormous," wrote the paper.The alcohol excise tax is expected to bring 1.3 billion euros into Finland's state coffers this year. Next year's budg...

Sat, 21 Jun 2003: Only eligible bidder sweeps alcohol auctions…

Even greater is the discrepancy in the wholesaler's reported 24 million litas offer for Vilnius Vodka, almost five times greater than the initial government valuation of the company, which demons...

Thu, 16 Jan 2003: Record low inflation for Latvia…

"Latvian prices have increasingly become synchronized with the EU's price level, and through imports prices have also fallen here." The Latvian consumer price index in 2002 nudged up 1.4 percent, ...

Thu, 14 Oct 1999: Alcohol excise cuts take the head off beer…

It even won the Parliament's approval without any complications.But excise taxes on beer emerged from the government's ax unscathed, and beer producers are worried. Audrius Vidzys, vice-president ...

Thu, 7 Oct 1999: New ‘green’ fuel introduced in Estonia…

But, she said, laboratory tests are being undertaken in Scandinavia (where Statoil is based) and a similar product should reach the Estonian market in a couple of years once the glitches are worke...
?php get_sidebar(); ?>