Saimaa Lines
HR Express
Reval Hotels
International Management Education
Observer Eesti Oü

Estonia Business News: Archive 2003-

WEEK 39.2006

Tuesday, 26th of September, 2006

Estonians have made record amount of investments to foreign countries
Estonians’ direct investments to foreign countries were record EEK 3.5 billion in 2Q of 2006 and exceeded investments made to Estonia. Investments made by Estonians to foreign countries started to grow last year after takeover of Hansapank. Inflow of direct investments in 2Q reached EEK 3.1 billion, which is an average level, says Ministry of Finance.

Wednesday, 27th of September, 2006

Balbiino’s export grew 41% in August
8 months turnover of ice cream manufacturer Balbiino was EEK 240 million, ice cream export formed EEK 32 million of it, informs company. Balbiino’s export grew 41% in August due to sale growth in Latvia, Lithuania and Finland. “Summer was successful for Balbiino’s export as well as on domestic market,” said company’s manager Riho Niils.

Friday, 29th of September, 2006

Economic growth reached 11.7%
According to current data, GDP was 11.7% higher in 2Q than during respective period in 2005. Economic growth was mostly based on demand in domestic economy; growth of GDP was the most influenced by real estate, renting and business activities, manufacturing industry, wholesale and retail trade, transport, warehousing and communication.

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