Observer Eesti Oü

Estonia Business News: Archive 2003-

WEEK 6.2007

Monday, 5th of February, 2007

Rating agency commended Estonia
According to the report of rating agency Standard & Poor’s published on February 1, Estonia’s state rating remains on level A and rating’s perspective is stable. Report says that Estonia’s high state rating is supported by consistent economical policy, competitive economy and a perspective of the euro changeover in coming years.

Producers of building materials continued growth last year
Last year’s numbers in building materials’ production sector show about 30% growth. Glaskek’s finance manager Meelis Põlda said that last year’s results were expected. According to Põlda, Glaskek is planning to start new wooden window factory this year and grow turnover in the Baltic States even more.

Wednesday, 7th of February, 2007

Number – 804
Turnover of building and garden products seller Ehitus Service was EEK 804 million last year. In a year, turnover grew 48%.

E-Autoline grew turnover 27%
E-Autoline’s turnover in 2006 was EEK 95.5 million and turnover grew 27% compared to 2005. Company sells new and used cars. Most sold car brand was BMW (91 cars), followed by Audi (88), Volkswagen (69), Mercedes-Benz (56) and Peugeot (55).
Eesti Päevaleht, Ärileht

Rautakesko’s turnover grew nearly 25%
Rautakesko AS, which manages K-rautakesko store chain in Estonia, increased turnover in 2006 by 23.5% to EEK 1.16 billion; company sells building materials and garden products. Company earned EEK 54.5 million net profit.

Thursday, 8th of February, 2007

Tauf-Auto added half to turnover
Tauf-Auto AS’ turnover in 2006 was EEK 156.3 million; a year before turnover was EEK 105.5 million. Company’s profit from economic activities in 2006 was EEK 7.7 million. Tauf-Auto sells and maintains vehicles.

Aru Group’s turnover grew by EEK 38 million
Aru Group AS’ turnover in 2006 was EEK 168 million; a year before turnover was EEK 130 million. Company’s profit from economic activities was EEK 15 million. Aru Group AS is a company based on Estonian capital that’s business field is woodwork.

Jetoil’s turnover grew by EEK 400 million
AS Jetoil’s turnover in 2006 was EEK 1.156 billion; consolidated turnover in 2005 was EEK 748 million. AS Jetoil is a wholesaler of liquid fuel.

Friday, 9th of February, 2007

Elisa’s profit grew more than 25%
Mobile connection company Elisa informed that company’s turnover in 2006 exceeded limit of EEK 1.6 billion, growing 17% in a year. Elisa’s profit grew 26% to EEK 376 million. In a year, Elisa invested EEK 200 million. Number of Elisa’s customers grew to 294,500 by the end of 2006. Elisa is Estonian second biggest mobile connection operator, which offers speech and Internet solutions.

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