Swedbank affirmed its previous forecast of 3.3% GDP growth in Lithuania for 2012, while upping the forecast for 2013 from 4% to 4.3%. Swedbank believes that Lithuania managed to avoid spillovers of the eurozone recession as indicated by Q1/12 retail trade and industrial output statistics. Bank also points out that country's main export markets are not in recession and Russia is even expected to grow faster than projected in short-term. |
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