Finnish retailer Prisma Latvian subsidiary Prisma Latvia announced plans to invest LVL 4.9mn (EUR 7.0mn) into two new stores in 2012, Henrik Harkonen, director of Prisma Latvia announced. One hypermarket will be opened in Riga, while the second ones location remains undisclosed. The company expects to increase its market share and number of customers with the opening of new stores. In 2010 Prisma Latvia revenues stood at LVL 13.6mn, which indicates 10% y/y increase. The company recorded net loss of LVL 3.4mn, which indicates 24% y/y decline. |
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