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services Toby Alderweireld World Cup Jersey

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COPENHAGEN, Aug. 9 (Xinhua) -- Danish jewelry giant Pandora revealed Tuesday robust profit for the second quarter of 2016, backed by sales growth in all geographic regions.

"Growth in all regions continued into the second quarter ... All regions were supported by our continued focus on product diversification into rings and earrings," Pandora CEO Anders Colding Friis said in a press statement.

The group registered earnings before interest, tax, depreciation and amortisation of 1.609 billion Danish kroner (about 240 million U.S. dollars), up 23 percent from 1.311 billion kroner for the same period last year.

Revenue for the second quarter increased by 20 percent year-on-year to stand at 4.327 billion kroner, while net profit was 1.221 billion kroner against 910 million kroner for the same period last year, the company said in its interim financial report.

It added revenue from concept stores increased by 39 percent and corresponded to 63 percent of the total revenue.

According to Pandora, its best sales growth for Q2 was achieved in the Asia Pacific market with 43 percent hike, followed by Europe, the Middle East and Africa (EMEA) and Americas, where sales rose 28 percent and 5 percent respectively.

"EMEA and Asia Pacific maintained the strong momentum with double digit revenue growth, driven by positive double digit like-for-like growth and continued improvement of the store network," said Friis.

Pandora jewellery is sold in more than 100 countries through some 8,900 points of sale, including more than 1,900 concept stores. (1 U.S. dollar = 6.71 Danish kroner) Enditem

RIGA, May 11 (Xinhua) -- After several years of reforms and preparations, Latvia on Wednesday received its long-awaited invitation to join the council of the Organisation for Economic Cooperation and Development (OECD), the foreign ministry said.

Foreign Minister Edgars Rinkevics compared Latvia's road to accession to the OECD to a marathon Latvia had to complete to qualify for what he called the "club of best practices." Membership in the OECD will enable Latvia to work together with the most developed economies to address major global challenges that, directly or indirectly, are increasingly affecting domestic political processes, the minister said.

To meet the OECD admissions requirements, Latvia carried out economic and legislative reforms and made improvements that will promote Latvia's economic growth in the long run, the foreign ministry said. As an OECD member, Latvia is expected to keep reporting to the organization on its further reform progress and the implementation of the organization' s recommendations given during the accession process.

European Commission's Vice President for the euro and social dialogue Latvian Valdis Dombrovskis commented on the news by saying OECD membership was a good signal to foreign investors and would encourage investment in Latvia.

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