Bank of Lithuania recorded net profit of LTL 519mn (EUR 150mn) in 2009, the bank announced. Chairman of the board of the Bank of Lithuania Reinoldijus Sarkinas said that the banks net profit has been the highest for the past 20 years. Sarkinas said that the most of the profit has been recorded has been due to good management of foreign reserves. 70% of the profit will be transferred to the budget of the central government, while the rest will increase retained earnings of the bank. |
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