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International Internet Magazine. Baltic States news & analytics Monday, 28.07.2014, 21:28

Swedbank: Estonian industrial companies are optimistic about the future

Juhan Tere, BC, Tallinn, 15.06.2012.Print version
A study conducted by Swedbank indicates that 87% of Estonian industrial companies expect a higher turnover for the year 2012 than last year and food industrialists and heavy industry plan major growth in exports, Äripäev.ee/LETA reports.

"It was absolutely surprising that the dominant majority of Estonian industrial companies expect turnover growth in 2012. 70% of timber industrialists have faith in turnover growth and around 90% of food industry companies do," said Swedbank's corporate banking manager Robert Kitt.

 

The manufacturing industry hopes to increase turnover by 10% in 2012.

 

A half of industrial companies also intend to increase the share of exports. "According to the current study, the food industrialists (62%) and heavy industrialists (82%) plan to boost exports most," he said.

 

Kitt estimates that the flexibility of Estonian industrialists has enabled them to climb to a higher level.

 

"Estonia has managed to sell and there is no reason to think that it couldn’t do that next year," noted Kitt.






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