According to the report by European Statistical Agency Eurostat, Latvia posted annual deflation of 4.3% in February 2010, which was the highest deflation rate among EU member states. Previously, until April 2009, Latvia posted the highest inflation in EU for twenty months in a row and with rare breaks Latvian inflation was among highest in EU for almost four years already. Consumer prices decreased by 4.2% y/y in February 2010 (deflation of 3.1% y/y in January), according to a report by Central Statistical Bureau. Notably, this was the fifth month in a row that y/y deflation is posted. Prices decreased by 3.9% y/y for goods and by 4.8% y/y for services in February.
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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
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