|Estonia Business News: Archive 2003-
Monday, 9th of April, 2007
Wendres turnover grew EEK 300 million
Turnover of home textile manufacturer AS Wendre reached EEK 688.4 million in 2006; a year earlier turnover was EEK 397.2 million. Companys profit from economic activities was EEK 60.4 million last year compared to EEK 23.8 million in 2005. Wendre has three production units in Estonia, which are located in Pärnu, Vändra and Võhma. Company also has a factory in Poland.
Wednesday, 11th of April, 2007
Turnover of Värvikeskuste Group grew by 1/3
OÜ Värvikeskuste Group turnover in 2006 was EEK 133.9 million, which is 32% growth compared to year 2005. Olle Saare, Groups CEO noted that in coming year company wants to start business also in central Estonia.
Thursday, 12th of April, 2007
Wendre invested more than EEK 100 million to Polish pillow factory
AS Wendre is starting business in Poland but despite the growth in turnover and profit, plan of investments is not decided yet. Companys board president Vahur Roosaar said that they have already invested EEK 100-125 million. Growing production also grows number of employees; there are currently about 60 people working in Polish factory but this number should reach 200 once the factory is completed.
Friday, 13th of April, 2007
IMF: Estonias economic growth will outdistance Latvia in one year
IMF predicts Estonia 7.9% economic growth for next year while Latvias economic growth is predicted to be 7%. According to IMF, Estonias economic growth this year will reach 9.9% and Latvias 10.5%, which is the quickest growth among new EU member states.
Kaubamaja concerns turnover grew 44%
Consolidated unaudited net turnover of Tallinna Kaubamaja concern in 1Q was EEK 1.24 billion, which is 43.7% more than in 1Q 2006.
Back to Baltic Business Monitor