Moody's Investors Service affirmed Estonia's long-term credit rating of A1 with a Stable outlook. Agency praises country's economic policy achievements and institutional flexibility in dealing with the last economic crisis and acknowledges determination to euro adoption. Moody's stressed low debt levels and fiscal discipline that was maintained throughout the recession. As commented by FinMin Jurgen Ligi, the report by the agency approves of the long-term policy choices, which are dictated by the openness of the economy and are focused on fast response to changing external economic environment. |
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