Observer Eesti Oü

WEEK 40th 2003

Friday, 3rd of October, 2003

Sale of MicroLink computers up 44% in 3Q
In the 3Q of 2003, ML Arvutid sold 4478 computers, which is 44% more compared to respective period last year.
The company sold 1782 computers by the turnover of EEK 18 million in September. Total turnover of the quarter reached EEK 50 million.
Mait Rahi, executive director of the company believes that due to seasonality, demand should increase also in the next quarter.

Thursday, 2nd of October, 2003

77% of state budget revenues are fulfilled
According to preliminary data, EEK 30.5 billion or 77% of state budget has returned. EEK 3.23 billion of revenues were returned in September. Amount of revenues of this year's state budget is EEK 39.551 billion.

Advertising turnover of newspapers grew 11% in nine months
In nine months, total turnover of advertising in major newspapers (Postimees, Eesti Ekspress, Äripäev, Eesti Päevaleht and SL Õhtuleht) increased by 10.8% compared to respective time period last year. In monetary terms, advertising turnover increased by EEK 17.3 million up to EEK 177.5 million in nine months. Amount of advertising in newspapers increased by 12.8% or by 112 pages.

More than half a million passengers have passed Tallinn's airport
During nine months of this year, 524,293 passengers have passed through the Tallinn's airport. This is 70,000 passengers or 15.4% more than during respective time period last year.
(Eesti Päevaleht)

Wednesday, 1st of October, 2003

Eesti Loto received over EEK 13 million of profit in 8 months
Eight-month profit of Eesti Loto amounted over EEK 13 million. Turnover reached EEK 110.4 million according to unaudited data. Company prognosticates profit to reach EEK 18 million by the end of the year.

Hansabankas is Lithuania's most trusted bank
According to questionnaires that were carried out in Lithuania, people regard Hansabankas that belongs to Hansabank Group as the most trusted bank in Lithuania.
41% of questioned people regarded Hansabankas as the most trusted. 21% trust Vilniaus Bankas; 12% Nord/LB Lietuva.

Tuesday, 30th of September, 2003

2Q GDP grew 3.5%
According to the board of statistics, GDP of the 2Q grew 3.5% compared to respective period last year. Added value increased the most in the supply of energy, gas and water – 17.3%, in financial intermediation – 16.5% and in mining industry – 13.3%.
In the 1Q of 2003, economy grew 5.2%.

Tele2 has 1.5 million customers in Estonia, Latvia and Lithuania
Tele2 announced yesterday that around 1.5 million customers in Estonia, Latvia and Lithuania use its mobile communication services. This makes Tele2 the fastest-growing mobile telephone operator in the Baltic region. The company has added 500,000 subscribers in less than a month. Üllar Jaaksoo, chairman of Tele2 Eesti, said that such rapid growth was based on a joint corporate strategy and readiness to challenge former monopolies.
Tele2 Eesti serves more than 450,000 customers with a variety of mobile telephone, fixed line, Internet and cable TV services.

Monday, 29th of Sebtember, 2003

Economic growth to accelerate next year
Economy will grow by 5.6% next year. The main source of acceleration is export sector, predicts Anne Karik-Uustalu from Sampo Bank. Upswing of world's economic activity and elimination of customs barriers of EU favours the growth of export. Continuous economic growth leads also to creation of new jobs. Increase of employment rate will therefore decrease unemployment.

Märten Ross: there is basis for optimism
Märten Ross, vice president of the Bank of Estonia admits that according the Bank of Estonia, economy will grow 5-6% in 2004 and deficit of transaction deposits will decrease. Domestic demand is strong and ever growing. Local entrepreneurs are optimistic and believe that they can go along with the improvement of external environment.

Media market to grow 10%
Operators at the media and advertisement market expect the market to grow 5 – 10% in 2004. It is expected that the European Union will bring along new possibilities to Estonia's media market. Advertisement market will increase due to the growth of tourism, elimination of double customs with Russia and increase of competition at the local market. According to research company TNS Emor, local market of television advertisement grew by 24% in the first half-year.

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