International Internet Magazine. Baltic States news & analytics
Sunday, 19.05.2013, 14:49
Data of Central Statistical Bureau show that, compared to April, total retail trade turnover in May 2012 has grown by 2.1% (according to seasonally adjusted data at constant prices). Retail sale of food has increased by 3.1%, whereas retail trade in non-food product has risen by 1.6%. In comparison with the month before, total retail trade turnover at current prices in May of this year has grown by 7.6% (not considering the seasonality).
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According to Statistics Estonia, in May 2012, the production of industrial enterprises decreased by 1% compared to the same month of the previous year. In the manufacturing the decrease was 0.4%.
Nord Stream has successfully completed the second of the two underwater tie-ins of its second gas pipeline through the Baltic Sea on 28 June. The 1,224-kilometre offshore pipeline is now complete and will be de-watered and dried before being joined to the onshore landfall sections in Russia and Germany in August. This second line is on schedule to become operational as part of the twin pipeline system in the last quarter of this year.
EU leaders in Brussels have endorsed the Compact for Growth and Jobs which sets out measures to boost economic growth and jobs in Europe. The European Council meeting has also approved country-specific recommendations for enhancing economy in each EU member state.
According to Statistics Estonia, in May 2012 compared to May of the previous year, the retail sales of goods of retail trade enterprises increased by 8% at constant prices.
The most demanded summer destination among Estonian Air's passengers is Paris, followed by Nice and Tbilisi, the airline said in a statement.
The Estonian Central Estonian Central Register of Securities (ECSD) and Estonian central bank Eesti Pank signed an accession contract to the securities settlement platform TARGET2-Securities, which will make cross-border securities transactions faster, cheaper and more secure in 2015, the Bank of Estonia (Eesti Pank) said in a statement.