In the confirmed EU budget, planned aid for Estonia amounted to EUR 5.89bn in 2014-2020, up by EUR 907mn as compared to 2007-2013. PM Andrus Ansip commented that Estonia can consider the budget negotiations successful, as Estonias is one of the few states that had their position improve as compared to November. Direct payments to farmers will grow by 70% y/y to EUR 196 per ha, with the sum of direct payments to farmers reaching 75% of EU average by 2020. Total support for Estonian agriculture is to increase by 41%. |
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