Observer Eesti Oü

WEEK 12.2006

Monday, 20th of March, 2006

ETK retail turnover up by fifth
The sales results of two first months of 2006 have been one of the best for ETK Group. Compared to same period last year the retail sales was 20% bigger this year. The success was mainly due to accrual of stores and general economic growth, ETK financial director claimed.

Tuesday, 21st of March, 2006

Growth of industrial production up 0.2% in February
Producer’s price index of industrial production increased 0.2% compared to January and 3.1% compared to last year’s February.

Turnover of Estiko-Plastar surpassed EEK 200 million
Turnover of plastic packaging company AS Estiko-Plastar was EEK 207 million last year. The company earned a profit of EEK 10.6 million.

Fixed telecommunication market decreases 10% in a year
Volume of fixed telecommunication market decreases about 10% in a year in Estonia due to increasing popularity of mobile networks, informs Elion. According to Elion, their share of fixed telecommunication market was 85% last year. In the end of 2005, Elion had 409,000 desk phone accounts; number of accounts decreased by 17,000 in comparison to the period a year before.

Media advertisements’ market exceeded EEK 1 billion
Turnover of media advertisements’ market exceeded EEK 1 billion in 2005; growth was 15% when compared to 2004. The biggest advertiser by the volume of advertising was Procter&Gamble, followed by EMT, Hansapank and others. Mobile connection, cars and retail trade were the most advertised fields.

Wednesday, 22nd of March, 2006

Annual economic growth is 8.2%
According to the prognosis of the financial ministry Estonia’s economy will grow 8.2 percent this year and 7.7 percent in 2007. This year the expected growth of consumer prices is 3.7% and 3.2% next year.
Eesti Päevaleht

Last year’s statistics of Domina’s hotels in Tallinn
43,533 people stayed overnight in Domina’s hotels Ilmarine and City in Tallinn last year, which is 3097 people more than in 2004. In all, people from 60 countries stayed overnight in Tallinn’s hotels last year. Average occupancy of Domina City and Domina Ilmarine was 74% and 59% respectively. In comparison to 2004, occupancy of Ilmarine grew 11% and occupancy of City grew 5% last year.
Eesti Päevaleht, Ärileht

Friday, 24th of March, 2006

Estonian travel companies had good year
2005 was a successful year for Estonian tourism. Last year, 2.3 million people visited Estonia through tourism companies, which is a record number. More than third of tourists stayed here for more than one day and used accommodation services. Most foreign visitors came from Finland (77%) but this percentage is slowly dropping. 455,000 Estonians went abroad in 2005, which is 17% more than year before. The most popular destinations amongst Estonians were Finland, Russia and Sweden.

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