Reval Hotels
Observer Eesti Oü

WEEK 47. 2005

Tuesday, 22nd of November, 2005

Sales of Kristiine Centre were EEK 890 million
Gross sales of Kristiine Centre grew 15% when compared to the same period last year and formed EEK 890 million in ten months this year. For this year’s total turnover, Kristiine Centre predicts EEK 1.13 billion. In ten months this year 5.74 million people visited Kristiine Centre. Allan Remmelkoor, director of the Centre said that 2005 has been their best year so far.

Thursday, 24th of November, 2005

Favourable economic development supported growth in wages
Quick growth in wages in IIIQ of 2005 was supported by favourable economic development. Ministry of Economics and Communication noted out the growth of export and lack of craftsmen on several fields as positive aspects. Despite of the quickened price advance, growth of wages was as quick in IIIQ as it was during the same period last year (6.3%).

Friday, 25th of November, 2005

The Bank of Estonia predicts high economic growth
According to the Bank of Estonia’s autumn economic prognosis for 2005-2007, Estonian economy is expected to grow 8% in 2005 and a bit less than 7% in 2006 and 2007; growth perspectives are good. In 2005, working account deficit decreases to 9.4% of GDP and continues to lower, inflation drops from anticipated 4.2% to 3.4% in 2006 and 2.9% in 2007.

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