Observer Eesti Oü

WEEK 42.2008

Monday, 13th of October, 2008

Turnover of Tallinna Kaubamaja concern grew 13%
Turnover of Tallinna Kaubamaja in nine months 2008 was EEK 4.7 billion, which is 13% annual growth. Tallinna Kaubamaja board president Raul Puusepp says that they are satisfied with the results. Selvers and Kaubamaja stores have exceeded the average growth numbers of their fields.

Wednesday, 15th of October, 2008

Insurance companies reached profit
Due to less traffic accidents, insurance companies pay less compensations. In the end of July there were nearly 350,000 traffic insurance customers in Estonia. If Kindlustus holds the biggest market share (27%).
Eesti Päevaleht

Thursday, 16th of October, 2008

Berman's empire may become Estonian most expensive company
According to investment company Gild Bankers, ship construction and renovation company BLRT may become Estonian most expensive company, which grows values even during finance crisis. Gild has put together list of companies' values. On the first place is Hansapank (currently Swedbank).

Friday, 17th of October, 2008

ETK Group's turnover EEK 2.1 billion
ETK Group's gross turnover in 3Q was EEK 2.1 billion. Turnover grew 6.5% compared to respective period last year.

TEA hopes to double turnover with Ilo
TEA Kirjastus bought Ilo publishing house yesterday and is hoping to double turnover. TEA publishing house turnover in 2007 was EEK 51 million and net profit EEK 2.6 million. In 9 months this year company has already exceeded turnover of last year.

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