|WEEK 50th 2004
Monday, 6th of December, 2004
1.6 million passengers drove with Edelaraudtee
In 11 months of this year, 1.6 million passengers drove by trains of Edelaraudtee. This is more than during the entire year of 2003. Kalvi Pukka, director of Edelaraudtee passenger service claims that the company hopes to serve 10 percent more passengers than last year.
Estonia's third-quarter GDP growth 6.2 percent year-on-year
By preliminary estimations, economic growth in Estonia was 6.2 percent in the third quarter compared to Q3 2003. GDP calculated in accordance with the internationally recognised methodology for the third quarter of 2004 will be published on 29 December 2004.
Tuesday, 7th of December, 2004
Economic growth due to strong export
Strong export growth was key behind the news that Estonia's third-quarter GDP grew 6.2 percent year-on-year by preliminary estimations. According to the ministry of finance, export growth significantly surpassed the growth in domestic demand.
Liviko sales up 26 percent
Estonias largest vodka distillery Liviko reported that its sales in November were 26 percent higher than a year ago. The company sold over a million litres of strong alcoholic beverages including 0.8 million litres of vodka.
Wednesday, 8th of December, 2004
Estonian trade exchange with third countries increased in October
In October, turnover of foreign trade with third countries increased, reaching up to EEK 4.5 billion. In September, turnover of foreign trade reached EEK 4.1 billion. In October, export formed EEK 1.6 billion (36%) and import EEK 2.9 billion (64%) from the total foreign trade turnover.
Thursday, 9th of December, 2004
Baltika sales up 14 percent
Estonias largest garment maker Baltika reported net sales of EEK 51.69 million in November, up 14 percent year-on-year. The companys retail sales went up 19 percent to EEK 37.3 million and accounted for 72 percent of net sales. At the end of November, Baltika Group had 78 retail stores in its network.
Estonian e-commerce on its way up
The sale of computer equipment, digital cameras and other household electronics over the Internet has gone up sharply in Estonia and could be worth hundreds of millions of kroons next year. "Arno Valgma, CEO of E-Market, says that the Estonian e-commerce business in digital equipment was worth EEK 150 million this year, but it could triple in 2005.
Baltic Weekly MonitorA