According to Elering, electricity connections operator, Estonian total electricity exports account for 64% of total domestic consumption in September. The total domestic consumption stood at 571 GWh, while exports stood at 366 GWh in September. Domestic consumption grew by 4% y/y in September. Domestic electricity generation increased by 41% y/y in September with total of 835 GWh generated. The main reason of production growth was the shut down of Ignalina Nuclear Power Plant in Lithuania, which provided more than 232 GWh of electricity in September 2009. Of the electricity exports, 51% were exported to Latvia, 31% to Lithuania, and 19% to Finland. |
|
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