International Internet Magazine. Baltic States news & analytics
Monday, 03.08.2015, 05:35
According to Statistics Estonia, in June 2015, the production of industrial enterprises decreased 3% compared to June of the previous year. Production decreased in manufacturing and energy production but increased in mining.
Keyword tags: Analytics, Estonia, Industry, Markets and Companies
According to Statistics Estonia, in June 2015 compared to June of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased 6% in April and 8% in May compared to the same month of the previous year, whereas in June the retail sales growth accelerated even more.
Estonian state-owned port operator AS Tallinna Sadam (Port of Tallinn) had in the first half of the year an unaudited turnover of 53 million euros and net profit of 20.8 million euros, LETA/Public Broadcasting reports.
Estonia's central bank Eesti Pank announced that changes to the Eesti Pank Act came into force on 19 May 2014 giving the central bank a clearer mandate than before to act as a macroprudential authority in Estonia, informs LETA.
At his meeting with representatives of the Estonian Service Industry Association on July 28th, Prime Minister Taavi Rõivas said that the Government is firmly committed to developing both the business environment and competitiveness, and that he greatly appreciates the support of entrepreneurs and their willingness to engage in the process, reports BC governmental press service.
Lithuanian engineering company UAB Kelprojektas that launched its business in Estonia with big ambitions in 2013 has won a succession of public procurements in the past two years but has serious problems fulfilling its obligations, LETA/Äripäev.ee reports.
Estonia's state-owned energy company Eesti Energia announced that its revenue dropped in the second quarter due to the slump in energy markets; nevertheless, operating profit before depreciation and net profit of the group increased, informs LETA.