PM Andrus Ansip told to the press that Estonia sold about EUR 256mn worth of carbon emission quotas so far. The funds raised from emission quotas sales are going to be used for financing renovation and energy efficiency projects, he noted. To remind, last month FinMin announced that non-tax budget revenues in 2010 outperformed due to sales of the emission quotas, without providing the absolute figure. Previously revenues from quotas sales were estimated at EUR 230mn, sold to few Japanese companies (Marubeni Corporation, Mitsubishi Corporation and Sumitomo Corporation among them). |
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