WEEK 39th 2004
Monday, 20th of September, 2004
The economic region of the Baltic Sea is enjoying thrift
Estonia belongs to the region with the most dynamic economic growth in Europe. Although growth tempo will slow down in the second quarter, the economic growth of Baltic States will still be fast, prognosticated Maris Lauri, analyst of Hansapank. Lauri explains that due to the fact that Lithuania and Latvia have been in poorer situation longer than Estonia, economies of the two countries are growing faster than in Estonia.
Wednesday, 22nd of September, 2004
Impressive August results
As anticipated a big leap forward in computer sales happened in August in comparisons to other months. If in July 3170 computers were assembled, then in August this number increased to 5236. The beginning of the school year and active sales campaigns favored the boom. ML Arvutid had the best results in August selling 2171 computers, this is 2,3 times more than in July. Ordi is on the second place- 1204 sold computers followed by K-Arvutisalong that sold 579 computers.
Editorial: 8 percent of economic growth for the year 2005 is achievable
Äripäev prognosticates an 8 percent of economic growth for the year 2005. This is not an optimistic but a realistic prognosis, admits Äripäev.
Foreign tourists will stake more and more into consumption. In addition, great sums will come also from accommodation and health tourism.
Friday, 24th of September, 2004
Up to 6 percent of growth expected from Estonia
According to analysts, Estonian economy will grow up to 6 percent next year. Inflation will stay between 3-4 percent. “World’s economy is growing and if we manage to utilize all our competitive advantages, growth might even become 8 percent,” admitted Anne Karik-Uustalu, analyst of Sampo Bank. Kristjan Lepik from investment bank LHV believes that possible positive surprises might be tourism and food industry. Most important keyword of the next year is growth of export.
Tourism in 2005: number of tourists to grow 30 percent
Enterprises connected to tourism prognosticate the number of foreign tourists to rise by third in 2005.
Since direct flights to Estonia accrue continually, Järva predicts the number of tourists to grow 30 percent next year. Järva brings an example of Estonian Air’s new Brussels-route. Another positive example is an Italian low cost airline Volare that started flights between Milan and Tallinn in spring. Järva admits of never having seen so many tourists in Pärnu as in July-August this year. Italian language was dominating besides Finnish language. Also Ryanair has influenced positively.
Besides improved logistics, also accession to the European Union has had a positive effect by increasing the feeling of security in tourists. Estonia is no longer a country in the grey zone. The European Union is a guarantee of security, explained Järva.
Baltic Weekly MonitorA