LT: Compensa Lithuanian subsidiary plans profit in 2012.

By bne IntelliNews April 26, 2010
A Lithuanian subsidiary of Compensa, part of Vienna Insurance Group, which was opened this year, the company announced that it expects to record net profit in 2012. Franz Fuchs, member of Viena Insurance Group board and head of Compensa, said that the company sees a strong potential in Lithuanian market for the company's advanced sales models. The company forecasts to reach total of LTL 40mn (EUR 11.6mn) gross premiums written in 2012. Fuchs said that the company might continue expanding to neighbouring Baltic markets.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

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

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

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

EE: Estonian Air to return excess Embraer airplanes.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335