Reval Hotels
Observer Eesti Oü

WEEK 7. 2005

Monday, 14th of February, 2005

Estonian Air had 40,024 passengers in January
In January, Estonian Air served 38,538 passengers on its regular routes and 1486 on charter flights. Compared to last year’s January, the number of route passengers grew by fifth. Most passengers were served on routes of Copenhagen, Stockholm and London.

Tuesday, 15th of February, 2005

Cargo volume of Spacecom reached 535,933 tons
Railway cargo company AS Spacecom transported 535,933 tons of oil products in January. A year ago, the volume was 474,629 tons. In total, Spacecom’s cargo volume amounted 2.4 million in five months of 2004. Last year’s turnover of Spacecom that was established in spring of 2003 reached EEK 281.4 million.

Thursday, 17th of February, 2005

Sweets factory Kalev made profit
Estonia's largest sweets factory Kalev ended the first half of its 2004/2005 financial year with a net profit of EUR 0.46 million (EEK 7.2 million). A year earlier the company made a loss of EEK 6.9 million.

Estonia still the most successful country in Eastern Europe
According to some of the leading indexes and rankings, Estonia is the most successful reformer in Eastern and Central Europe. Estonia owes its success to its economic reforms, stability and innovation, says Andres Sutt, vice president of Bank of Estonia, adding that this is thanks to maintaining a clear economic policy since 1991 regardless of the current government.

Turnover of Viking Window over EEK 95 million
AS Viking Window, manufacturer of wooden windows and doors achieved a net turnover of EEK 95.2 million in 2004. The result in 2003 was EEK 75.6 million. In 2004, company’s profit before taxes reached EEK 10.7 million, whereby the respective number in 2003 was EEK 10 million. According to this year’s prognosis the turnover will grow up to EEK 119 million and profit before taxes would reach EEK 12 million.

Friday, 18th of February, 2005

Loan portfolios up by 40 percent
Low interest rates and consumption boom have kept the banks’ loan portfolios growing rapidly. According to banking statistics, aggregate loan portfolio of banks went up by 40 percent last year.

Export increased the sale of construction materials
The sale of construction materials went up 17 percent last year, well above expectations. Producers of construction materials say that growth came from large exports. Total sales of construction materials exceeded EEK 6 billion that was 1 billion more than in 2003.

Previous weeks:

Back to Baltic Business Monitor
Archives 2003-2005

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