EMT subsidiary Fotumo, which operates in the mobile payment segment, has been ranked at the top of the Estonian Entrepreneurship Ranking, compiled by the Estonian Chamber of Commerce, Industry, and the Estonian Employees Confederation. Fortumo has been created in 2007, and currently operates in more than 60 countries, with offices in Estonia and Silicon Valley. Innovator 2011 award has been won by the ZeroTurnaround company that provides special software for Java programmers and reduces program installation time. While The Foreign Investor of the Year title went to ABB group. |
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