Estonia ranks 29th in the 2011 IT Industry Competitiveness Index, down by six positions y/y. Leader of the ranking is the USA, followed by Finland and Singapore. Latvia ranks 34th, Lithuania 41st, and Russia 46th. IT Industry Competitiveness Index has been created by the Economist Intelligence Unit, for the Business Software Alliance. The index compares 66 countries on the basis of 26 indicators to estimate the countrys capability to support strong IT production sector. The index has been published since 2007. |
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