Observer Eesti Oü

WEEK 49th 2004

Monday, 29th of November, 2004

Estonian Air to have half a million passengers
Friday was a historical day for Estonian Air. For the first time in its 13 year history, over half a million passengers fly with Estonian Air in a year. 500,000th passenger flew from Moscow to Tallinn. Last year, Estonian Air reached the number of 400,000 passengers a year.
Eesti Päevaleht

Estonia to offer serious competition to Finnish spas
Estonia offers sharp competition to Finnish tourism companies and spas, noted Finnish trade ministry in its accommodation business report.
The ministry reported that the advantages of new EU member states are newness and price level, if the quality of service corresponds to quality expectations, writes Turun Sanomat.
Estonia offers strong competition especially to South-Finish spas, as there are 20 sanatoriums and spas with 2000 rooms and 4000 bed spaces in Estonia.

Turnover of foreign trade up in September
In September, the turnover of Estonian foreign trade, in which the trade both within the EU and with third countries are taken into account, reached EEK 15.9 billion (EEK 15.4 billion in August).
Eesti Päevaleht

Wednesday, 1st of December, 2004

Kalev reported growth is sales
Estonia's largest confectionery industry Kalev reported that it ended its first quarter with turnover of EEK 174.9 million. Quarterly sales were up 149 percent, reported the company. First-quarter profit amounted to EEK 0.05 million and was 15.9 million higher than a year ago.

Thursday, 2nd of December, 2004

Production of Estonian construction enterprises grew
In the third quarter the production of Estonian construction enterprises grew 4 percent compared to the same period of the previous year. In comparison, production in construction grew 28 percent in the first quarter and 17 percent in the second quarter. The production value of construction amounted to EEK 5.2 billion.

Number of passengers in Tallinn Airport up 38 percent in a year
Tallinn Airport has served 907,000 passengers this year which is 38 percent passengers more than a year ago. A year ago, 658,000 passengers had passed the airport from January until November. In November 2004 alone there were over 90,000 passengers, while a year ago there were only 63,000, an increase of 42.2 percent.

Estonian central bank expects 5.6 percent growth in 2005, 6 percent in 2006
Estonian central bank Eesti Pank said it raised its economic growth forecast for 2004 by 0.7 percent to 6.2 percent. At the same time the central bank cuts its 2005 forecast by 0.2 percent to 5.6 percent. Its forecast for 2006 was increased by 0.1 percent to 6 percent.

A record turnover of TD Baltic in November
TD Baltic, Baltic’s leading wholesaler of IT products achieved a record turnover in November – EEK 56 million. Last year’s turnover in respective period was exceeded by 36 percent. Kaur Lohk, head of TD Baltic admits that the market of Estonia has noticeably enlivened compared to a sleepy summer. Hence the supply of a number of products has lengthened due to growing demand.

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