According to the report by European statistical agency Eurostat, in June minimum wage in Estonia was amongst the lowest in EU. Estonia was among 11 countries with the minimum wage between EUR 100 and EUR 400 per month (together with Bulgaria , Romania , Lithuania , Latvia , Hungary , the Czech Republic , Slovakia , Poland , Turkey and Croatia ). Also by minimum wage to average monthly gross earnings ratio, Estonia was in the group with the indicator below 35%, together with Slovakia , Romania and the Czech Republic .
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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
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