According to EC's Aid Scoreboard study, out of all EU member states Estonia provided the least state aid to its domestic companies in 2008. Its aid-to- GDP ratio amounted to 0.3% last year, almost flat as compared to 2003. Estonia also provided the least aid also in absolute terms. Estonia was followed by Greece , Italy and Austria that provided less than 0.5% of GDP in aid to its companies, while the highest amount of state aid was registered in Latvia and Luxembourg (5.1% of GDP and 7.8% of GDP , respectively).
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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