EE: Estonia leads in hi-tech industry growth.

By bne IntelliNews January 14, 2013
Estonian hi-tech industry growth amounted to 35.1% on average in the period from 2005-2011, which puts it number one among the EU27 countries, Eurostat research show. Poland ranked second with average growth rate of 14.5% y/y, followed by Austria with 6.8% y/y growth, and Czech Republic with 5.4% growth. Lithuania ranked 5th with 5.2% y/y growth. Latvia grew by 0.8% y/y during the period. Average EU27 hi-tech sector growth rate stood at 3.3% y/y on average in 2005-2011 period. Declines were registered in Greece, Italy, Portugal, and the UK. Hi-tech manufacturing includes pharmaceuticals, computers, electronic and optical products, and air spacecraft.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

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

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

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

EE: Estonian Air to return excess Embraer airplanes.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335