Estonia ranked 40th in the Spanish business school IESE Business School ranking for attractiveness for private equity and venture capital investments. In the last ranking four years ago Estonia ranked 36th. Estonia improved its rank in economic activity index, investor protection index, and corporate management index, but plummeted from 7th position to 62nd position according to bad loans issued by banks. Latvia ranked 59th in the same index down by 2 spots, while Lithuania ranked 48th, down by 5 places. The list was topped with the United States, Canada, Great Britain, Japan, and Singapore. |
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