Social spending to GDP ratio in Estonia amounts to 13.7%, being the highest in the Baltic States, according to FinMin data. Respective indicators in Lithuania and Latvia stood at 12.4% and 10.1%. In Estonia, social protection spending amounts to EUR 2.4bn, which make 33.2% of state budget spending and 13.7% of GDP. In Lithuania, social protection spending amounts to EUR 4.2bn or 40% of total budget spending. In Latvia, the same figure is EUR 2.32bn or 30% of spending. |
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