Observer Eesti Oü

WEEK 41st 2004

Wednesday, 6th of October, 2004

EKI: situation in economy stays favourable
A survey made by the Estonian institute of market research EKI showed that confidence in the growth of Estonian economy is on the rise. According to EKI, economic growth in 2004 would be 6 percent and inflation rate would be 3.5 percent.

Nearly 2.3 million passengers have driven the routes of Tallink
In nine months of this year, Tallink transported 2,285,810 passengers, which is 313,050 people more than during respective period last year.
In September, 6 passenger- and 3 fast ferries transported 269,198 passengers, which is 70,286 passengers more than a year earlier. People drove between Tallinn and Helsinki the most.

Selver nine-month sales over EEK 1 billion
Estonian-owned supermarket group Selver reported that its nine-month turnover exceeded one billion kroons, an increase of about 20 percent. Ain Taube, CEO of A-Selver that operates Selver supermarkets, said that A-Selver planned to double the current sales floor space by 2007 by opening new supermarkets.

Amica has grown successfully
Amica chain that is owned by Finnish Fazer has grown turnover in Estonia from zero to hundred million kroons in ten years. According to company manager Eva Kumlin, there is potential for Amica to grow at least fifth more in coming years.
Amica has made a decision to increase the production of ready-made food.

Thursday, 7th of October, 2004

The number of Estonian Air passengers has grown 36 percent
In September, Estonian Air served 48,739 passengers.
From the beginning of the year, the company has served 382,448 passengers, which is 36 percent more than a year ago.

Occupancy of Domina Tallinn hotels increased
The occupancy of Domina City hotel that belongs to Domina hotel chain increased 4 percent compared to last year’s September and the occupancy of Ilmarise hotel increased by 19 percent.
The occupancy of Domina City was 74 percent and the occupancy of Ilmarise was 60 percent in September.

Turnover of GNT Eesti grew over 40 percent
The nine-month turnover of Estonian biggest wholesaler of computer goods GNT Eesti AS reached EEK 478 million, having grown 41 percent in a year.
Anti Kuiv, chairman of GNT Eesti board admitted that the company has done well both in the sale of traditional computer goods and in the sale of home electronics and mobile telephones. Significant growth was achieved in part of products sold to the market of home users.
In Latvia and Lithuania, GNT’s growth of turnover is around 30 percent.

Friday, 8th of October, 2004

Pakterminal has grown tonnage by fifth
In nine months of this year, Pakterminal processed in total 7,389,159 tons of raw oil and oil products. This is nearly 15 percent more than in respective period last year.
In spring this year, Pakterminal purchased three containers and is planning to increase its container park even more.

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