Estonian domestic strong alcohol sales amounted to 2.0mn litres, which indicates 1.9% y/y increase in the figure, association of alcohol producers and importers indicates. Exports amounted to 1.3mn litres of strong alcohol in Q1, up by 29.4% y/y. Exports accounted for 40.7% in Q1. Janek Kalvi, head of the association indicated that the slow domestic market growth is mainly due to illicit alcohol market, and strong growth in weak alcohol drinks consumption. The association announced that comparing Q1 strong alcohol market to Q1/07 the market halved due to switch to the illegal alcohol market. |
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