|WEEK 10. 2005
Wednesday, 9th of March, 2005
Last year's turnover of Tallinn Stockmann department store exceeded EEK 600 million
Last year the turnover of Stockmann universal store reached EEK 605 million, which is 8% more than a year before. According to Finnish Stockmann groups yearbook, the total net sales reached EEK 12,35 billion in 2004. Tallinn Stockmann turnover comprises 4,9% of total net sales of Stockmann group. In Russia, Stockmann turnover reaches EEK 1,6 billion and in Latvia - EEK 333 million.
EUs biggest tourism growth was in Estonia
According to the statistics of accommodation establishments, Estonia had the biggest growth of tourism in the EU. Eurostat research Tourism in expanded Europe the number of overnight stays in Estonian accommodation establishments grew 30.2 percent up to 2.558 million nights in 2004 compared to a year before. In Poland, the number of overnight stays grew 29 percent and in Latvia 15,5 percent.
Eesti Päevaleht, Ärileht, BNS
Thursday, 10th of March, 2005
Estonian Air earned a profit of EEK 29.5 million
In 2004, aviation company Estonian Air received a profit of EEK 29.5 million, which is much more than was estimated in the earlier announcements of the board.
According to the annual report of Estonian Airs biggest shareholder Scandinavian SAS Group, last years total revenue of Estonian Air amounted SEK 552 million or EEK 955.5 million. In 2003, the companys total revenue reached SEK 516; hence the total revenue has grown 7 percent.
Thursday, 11th of March, 2005
Baltic States to hold a leaders position in the EU
The economies of Latvia, Lithuania and Estonia probably had the fastest fourth-quarter growth in the EU. Lithuania, the largest of the three Baltic republics, said its economy grew 7 percent in 2004. Latvia reported that its growth was 8.5 percent. Estonia said its fourth-quarter gross domestic product rose 5.8 percent. The combined USD 36 billion Baltic economy grew an average 6.7 percent last quarter, four times the pace of the 12 EU nations.
Estonia ranks on 25th in IT usage
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