Reval Hotels
Observer Eesti Oü

WEEK 49. 2005

Tuesday, 6th of December, 2005

Estonian economy grew in record speed
Super good indicators of two past quarters promise 9 percent for this year’s economic growth, which would be the best result since 1997. Although the ministry of finance prognosticated 6.6 percent for this year’s economic growth the ministry’s head of macro economy department Erki Lõhmuste admits that the growth might amount to 9 percent. Real estate and construction sectors are working in full speed. Export of Estonian companies is increasing fast. As average wage has grown and unemployment has decreased, Estonians spend more money. In 3Q, economy grew 10.8 percent compared to respective period last year.

Wednesday, 7th of December, 2005

Edelaraudtee had 5 percent more passengers
Edelaraudtee serviced 142,200 passengers in November, which is 5 percent more than in November last year. As of the beginning of the year, 1.64 million passengers have used the services of Edelaraudtee, which is 40,400 passengers more than last year.
Eesti Päevaleht

Alta Capital’s profit EEK 15.5 million
Investment company AS Alta Capital gained EEK 15.5 million net profit last economic year, which is EEK 2 million less than in 2003. Alta Capital has 50 percent partnership in hotels Kolm Õde and Saku Rock.
Eesti Päevaleht, Ärileht

Thursday, 8th of December, 2005

Continuously strong results from Baltika
In November the consolidated sales of garment manufacturer Baltika reached EEK 58.9 million, having grown 14 percent compared to November last year. Retail sales grew 32 percent and reached EEK 49.5 million. Wholesale grew 5 percent and reached EEK 8.5 million. All the brands of Baltika demonstrated a great growth in November.

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