Reval Hotels
Observer Eesti Oü

WEEK 13. 2005

Monday, 28th of March, 2005

Ships crowded on Helsinki route
Due to difficult ice conditions the passenger boats on the route of Helsinki-Tallinn are becoming more crowded.
In addition to ice conditions, shipping companies have detected a general rise in the number of passengers. “The number of passengers has continuously increased as of May last year,” claims Taru Keronen from Eckero Line. This is foremost connected to Estonia’s accession to the EU.

Wednesday, 30th of March, 2005

Estonian Air Navigation Services earned a record profit
In 2004, the state-owned Estonian Air Navigation Services earned a record profit of EEK 66 million by the turnover of EEK 181.5 million. Compared to a year earlier, net profit of the company grew by EEK 36 million. The state will take the profit out in dividends.

Thursday, 31st of March, 2005

Association of Jõgeva County’s Agricultural Manufacturers doubled turnover
In 2004, the Association of Jõgeva County’s Agricultural Manufacturers achieved a net turnover of EEK 272.8 million whereby profit amounted EEK 2.9 million. Turnover reached EEK 104.2 million and profit EEK 1 million a year earlier. For 2005, the association is prognosticating a turnover of EEK 200 million and a profit of EEK 2 million.

Friday, 1st of April, 2005

Growth of investments raised economy
According to preliminary calculations, in 2004 the gross domestic product (GDP) at current prices went up 6.2 percent in a year. GDP was EEK 139.1 billion and at constant 2000 prices 118.1 billion. By economic activities, in 2004 compared to the previous year, the value added at constant prices increased most in hotels and restaurants (11.3 percent), financial intermediation (10.8 percent) and manufacturing (10.2 percent).
Due to rapidly growing foreign tourism, the hotel and catering sector was the fastest growing sphere of activity. Anne Karik-Uustalu, analyst of Sampo Bank admits that the positive effect of EU accession was most evident in tourism sector.

Estonia OÜ in profit
Estonia OÜ that is manufacturing raw milk and cultivating milk cattle raised net turnover up to EEK 103.5 million last year. Company’s profit in 2004 was EEK 12.2 million. In 2003, the company made EEK 100.8 million in turnover and EEK 21.1 million in loss.


Back to Baltic Business Monitor
Archives 2003-2005

 TERMS & CONDITIONS / KÄYTTÖOIKEUDET. © Oy Compiler Ab. All rights reserved.