Lithuanian insurance broker Balto Link announced plans to enter Estonian market. Balto Link has established a subsidiary in Estonia with the goal of being able to provide services for companies operating in all the Baltic States. Robertas Saltis, CEO of Balto Link, indicated that the company had no intentions to expand to Estonia, yet having number of international customers, the company decided that it will be able to better services them if it starts operations in Estonia. Saltis added that some competitors use their presence in all three Baltic States as a competitive advantage. |
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
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
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