International Internet Magazine. Baltic States news & analytics
Friday, 29.07.2016, 18:51
Estonia's resilient economic growth, very high institutional strength and very low government debt support the government's credit rating, Moody's Investors Service says in an annual report.
In June 2016 compared to June 2015, the turnover of retail trade enterprises increased 4% at constant prices, according to Statistics Estonia. While in May the turnover increased 8% compared to the same month of the previous year, in June the turnover growth decelerated.
The Estonian transmission system operator Elering is to announce this fall the construction tenders for building the Estonian section of the third Estonian-Latvian power connection and the final decision is to be made next spring, reports LETA/BNS.
According to tourism developers Estonian tourism is to have its best year ever in 2016, the Finnish daily Kauppalehti reports, writes LETA/BNS.
The Estonian energy, metal industry and property development holding Alexela Group saw its revenue decline from 104.8 mln to 94.3 mln euros on year in the first six months of the year, while its operating profit remained at 4.9 mln euros,writes LETA/BNS.
Revenue of the listed Estonian gaming operator Olympic Entertainment Group (OEG) in the first six months of the year increased 14 % to 92.4 mln euros, while the company's net profit fell 17 % to 9.8 mln euros, writes LETA/BNS.
Estonian fish processing company M.V.Wool AS is to export 200 tons of salmon worth around 2.3 million euros to Japan in the second half of 2016, informs LETA/BNS.