Observer Eesti Oü

WEEK 15th 2004

Saturday, 3rd of April, 2004

Companies earned a profit of EEK 6.2 billion
According to the board of statistics, Estonian companies earned a profit of EEK 6.2 billion in the fourth quarter of 2003. Net turnover of companies reached EEK 89.8 billion in the fourth quarter. This is EEK 4.8 billion more than in the third quarter.

Tuesday, 6th of April, 2004

Estonian Railways increased cargo handling
Estonian main rail cargo carrier Estonian Railways announced that it has handled 11.48 million tons of cargo in the first three months. This is 5.6 percent more than a year ago.

Airport to increase handling capacity
Tallinn Airport plans to invest EEK 400 million over four years to increase its handling capacity. Half of the money will be invested in expansion of the passenger terminal.
According to Rein Loik, CEO of Tallinn Airport, the need for such grand investments is due to rapid growth of passengers. Compared to last year, the number of passengers grew 31.2 percent in the first quarter of 2004. He notes that the number of passengers increases continuously.

Wednesday, 7th of April, 2004

Growth of retail trade fastest in Estonia
Among current and future member states of the EU, Estonia has experienced the fastest growth of retail trade. This is a result of the research by Swedish trade research institute HUI.
AS of the year 2000, growth in Estonia has been 44 percent. Latvia’s growth of retail has been 38 percent and Lithuania’s 29 percent.

Thursday, 8th of April, 2004

Estonian Air served 102, 473 passengers in a quarter
In March, 37,020 passengers flew on the flights of Estonian Air. 102,473 passengers flew in three months. This is 45 percent more than in the first quarter of 2003.
Biggest number of passengers – 9723 – was on the route of Tallinn-Copenhagen and highest occupancy – 67 percent – on the route of Tallinn-Hamburg.

Estonian institute of market research to predict a successful year
The report on Q1 published by EKI, the Estonian institute of market research, says that the Estonian economy is remaining buoyant and that positive trends in the economy continue.
According to Marje Josing, director of EKI, local entrepreneurs have outlived the period of uncertainty and significant growth is expected in the fields of construction, trade and industry.

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