Bank of Estonia recorded 3.4% m/m increase in assets in June, when it increased by EEK 1.5bn (EUR 96mn) m/m and amounted to EEK 46.8bn as of end-June. The bank's gold and net foreign currency reserves stood at EEK 43.1bn as of end-June, increase of EEK 1.1bn m/m or 2.7% m/m. Unrestricted reserves stood at EEK 5.2bn, which indicates decline of 3.1% m/m or by EEK 170mn m/m. Demand for base money increased by EEK 961mn m/m, or by 2.6% m/m and stood at EEK 37.4bn as of end-June.
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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