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International Internet Magazine. Baltic States news & analytics Wednesday, 20.06.2018, 04:46

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, Äripä 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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