According to the report by European Statistical Agency Eurostat, Estonia posted an annual inflation of 3.8% in September, which made the 3rd highest inflation among EU members in the reporting month. Estonia was preceded only by Romania (7.7%) and Greece (5.7%). To remind, according to the report by Statistics Estonia, on average prices of goods and services in September 2010 were 4% higher than in September 2009. This made the highest monthly y/y inflation since January 2009. To remind, authorities were taken by surprise by 3% y/y and 3.5% y/y inflation seen in May and June, while CB and FinMin expected inflation to moderate as of August, when inflation indeed declined to 2.9% y/y. |
|
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