Reval Hotels
Observer Eesti Oü

WEEK 2. 2005

Monday, 10th of January, 2005

Unemployment has fallen
According to employment offices, the number of registered unemployed has fallen by 20 percent in a year. The authorities say that employers are creating more jobs also in poorly developed marginal regions such as Ida-Virumaa.

Pension funds
Total volume of second-pillar pension funds, the endowment pension plans, has increased from EEK 992 million a year ago to EEK 2.48 billion, with 424,000 joining the schemes.

Wednesday, 11th of January, 2005

Sales of Baltika up by a fifth from last year
Unaudited consolidated sales of Baltika, Estonia’s largest garment manufacturer, were EEK 584 million in 2004. This is 18 percent more than a year ago. Retail sales totalled 422 million and were up 31.5 percent. In December, the company sold garments worth EEK 49 million or 10 percent more than a year ago.

Emor: Estonian banking has good reputation
Market researcher TNS Emor says that the international survey carried out by TNS showed that Estonian banks have a good reputation in Estonia. TNS Emor said that Estonians have confidence in banks and banks themselves have been improving customer service.

Sales of Telegrupp increased almost by half
Last year’s turnover of technology company Telegrupp AS reached EEK 66 million, which is nearly half bigger than in 2003. Profit of Telegrupp amounted EEK 3.2 million. Telegrupp’s spheres of activity are compilation and implementation of computer and connection networks, conference equipment and call connection solutions.

Thursday, 13th of January, 2005

Sales of Kesko retail chain reached over EEK 6 billion in Estonia last year
Gross sales of Kesko in Estonia were over EEK 6.2 billion (about 396 million euros) with the biggest input made by grocery operations. Kesko has six Citymarket supermarkets and 47 Säästumarket discounters in Estonia.
Sales of Kesko in 2003 amounted EEK 5.1 billion.

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