LT: Maxima to open 7 stores in Latvia in 2013.

By bne IntelliNews January 9, 2013
Lithuanian retail chain Maxima announced its plans to open 7 new stores in Latvia in 2013. Gintaras Jasinkas, general manager of Maxima Latvija, indicated that consumer confidence in Latvia is increasing and is the best among the Baltic States. Yet, consumption is limited by emigration. In 2011 Maxima Latvija opened 5 new stores. Jasinskas added that consumer confidence is growing due to recovering neighbouring economies as well as premature repayment of bail-out funds to IMF. In 2013 the company plans to grow revenues and create new workplaces, yet it will be similar to 2012, Jasinskas said.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335