In the Baltic Countries total electricity production stood at 19.8 TWh, down by 6% y/y in 2012, Elektrum Lietuva indicates. Comparing to 2010 the production volume declined by 13%. Electricity production declined due to cheaper electricity imports from Russia and Scandinavia. Imports from Scandinavia increased threefold y/y in 2012, up to 1.6 TWh, or 6% of total Baltic countries consumption. In 2012 electricity production was highest in Estonia, which produced 53% of total Baltic production, while Latvia accounted for 28%, and Lithuania accounted for 19%. Yet consumption in Lithuania stood at 9.6 TWh, or 38% of total Baltic States consumption, while in Estonia consumption stood at 8.2 TWh, or 33%, and in Latvia consumption stood at 7.2 TWh, or 29%. |
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