Reval Hotels
Observer Eesti Oü

WEEK 14. 2005

Monday, 4th of April, 2005

Kuressaare Spa grew turnover
Last year’s net turnover of AS Kuressaare Sanatoorium grew up to EEK 86.9 million, whereby turnover formed EEK 77.8 million a year earlier. Profit of Kuressaare Spa reached EEK 7.1 million in 2004 and EEK 4.5 million in 2003.

Novatours became market leader in Estonia
In three months, Novatours, subsidiary of Lithuanian travel organiser Novaturas UAB became market leader of international travels in Estonia. “We sold 4500 travel packages that raised the company to the leader position in outgoing tourism. Three month turnover reached over EEK 22 million,” claimed Raimondas U_eckas, head director of Novatours. According to U_eckas, Novatours owns currently approximately 30-35 percent of Estonian foreign tourism market.

Tallinn Stock Exchange is world’s fastest riser
Due to Hansapank takeover, Tallinn Stock Exchange was the world’s fastest riser in the 1Q of 2005.
On Friday, the Wall Street Journal published a ranking of fastest developing stock exchanges in the world during the 1Q. The chart had stock indexes of 34 countries. Estonia ranked on the first position.
“It is true that numerous extraordinary events took place on Tallinn Stock Exchange in the 1Q of 2005,” admitted Sten Sumberg, head of Suprema markets’ department. Swedbank’s new takeover offer raised the share price of Hansapank and the entire Tallinn Stock Exchange.

Production of industrial concerns grew
In February, production of industrial concerns grew compared to both January and last year’s February. Based on seasonally corrected information, industrial concerns manufactured 5 percent more production in February than in January.
Eesti Päevaleht

Tuesday, 5th of April, 2005

Last year’s turnover of Domina World Travel reached nearly EEK 100 million
Turnover of travel organiser Domina World Travel amounted EEK 98.5 million in the fiscal year that ended in November, having grown by 72 percent in a year. In 2003, turnover of Domina formed EEK 57.7 million. Last year’s net profit of the travel organiser reached EEK 1.4 million. Marina Laikjõe, executive director of the company admitted that the amount of Domina regular customers doubled in a year.

BLRT Group profit up 45 percent
Estonia's largest ship repair and shipbuilding group BLRT Group announced that its profit for 2004 was EEK 290 million, up 45 percent. The company's turnover reached EEK 2.5 billion in 2004, an increase of 39 percent. Urmas Tooming, press spokesperson of BLRT Group, said that such rapid increase in profit was attributable to hard work and large orders.

Tallinn hosted three million foreign visitors in 2004
Last year, three million foreign visitors arrived in Tallinn and a record of 1.17 million tourists stayed over night. According to the data of Estonian Enterprise’s tourism board, interest towards Estonia has most increased among Italian, French, Spanish and Russian tourists. Finns still form more than half of foreign visitors. Whereby Finns are tourists that stay here the shortest and Russians for the longest. Number of conference and cruise tourists increased significantly. Kairi Teniste from Enterprise Estonia regards the development of conference tourism as very important for Estonia. In summer, the number of foreign tourists will grow up to five times compared to earlier months. Highest number of tourists will arrive in July.

Wednesday, 6th of April, 2005

Number of air passengers grew
In March, Tallinn Airport served 104,903 passengers, which is 41.6 percent more passengers than a year ago, reported the company. The growth came mainly from the 23 percent increase in the number of flights to 2,598. Mail deliveries amounted to 66,459 kilograms and cargo handling almost tripled to 1.2 million kilograms.
Eesti Päevaleht

Thursday, 7th of April, 2005

Turnover of VP Market grew more than 50 percent in three months
Compared to last quarter in 2004, turnover of Lithuanian retail trade group VP Market in Estonia grew 51.5 percent in first three months. In monetary terms, turnover reached EEK 219.3 million.

Friday, 8th of April, 2005

Tallink shipped half of the passengers of the Port of Tallinn
Shipping company Tallink served 625,871 passengers in the 1Q of 2005. This forms 50.5 percent of 1.240 million passengers that passed the Port of Tallinn. In March, the number of Tallink passengers was 238,175, which is 32,655 passengers more than in February. In March last year, Tallink had 167,444 passengers and 454,700 in the 1Q.

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