Estonian Railways supervisory board approved budget for 2013 with total revenues of EUR 60.4mn. Expenditures are estimated to amount to EUR 54mn, while operating profit is expected at EUR 6.4mn. Expenditures have declined by 6% y/y in the budget. Investments are planned at EUR 36.6mn, of which EUR 22.2mn will be the companys money, while EUR 14.4mn will be the EU funds. Ahti Asmann, CEO of the company, said that recent investments in infrastructure will allow to improve service quality and capacities. |
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