As argued by the EC commissioner for economic and monetary affairs Olli Rehn during his visit to Tallinn, Estonia needs to stick to its tight fiscal policy and tackle unemployment. He urged to bridge the gap between workforce's skills and the needs of the economy, in order to ensure productivity growth through active labour market policies and educational efforts. Rehn praised Estonia's budget consolidation efforts and stressed the importance of avoiding abnormal price increases upon euro adoption next year. |
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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