In 2004-2006 Estonia absorbed EEK 5.76bn of EU structural fund finance, FinMin reported. In the respective period EC allocated EEK 5.8bn (EUR 371mn) to Estonia, thus funds absorbed amounted for 99.2% of total. Report shows that with the funds 13,170 new funds were created, 1,886 businesses supported and 95km of roads were built and reconstructed. Also, 835 new companies were created by utilizing the funds. |
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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