Estonian entrepreneurs had a more optimistic outlook in Q4/12 than companies in Latvia and Estonia, online study carried out by Grand Thornton International and cited by LETA shows. 18% of Estonian respondent managers expect the situation in the economy to improve in the coming 12 months vs. 7% in the Baltic State at large and 4% globally. 54% of Estonian respondents believe that they will manage to expand their turnover this year vs. 36% on average in the Baltic States and 45% global average. 50% of Estonian entrepreneurs expect their profits to rise vs. 29% on average in the Baltic States and 19% in EU, according to the survey. |
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