Estonian aggregated Information and Communications Technologies (ICT) sector net profit stood at EUR 43.6mn in Q1, down from EUR 93mn a year ago. In Q1 there were total of 2,797 companies operating in the ICT sector. In Q1 ICT sector accounted for 7.5% of total business sales revenues in the country, down by 0.7pp y/y. In Q1 total sales revenues of the ICT sector stood at EUR 790.7bn. In Q1 total number of employees in the ICT sector amounted to 19,530 people, up from 17,287 people a year ago. Labour costs in ICT sector stood at EUR 96.6mn, up by 19.3% y/y. |
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