Estonia, Legislation, Markets and Companies, Transport

Tallinn City Transport's plans to redirect traffic on Gonsiori street near a shopping center Torupilli complicates access to this retail object associated to Kaubamaja, writes LETA.

The city's transport agency announced plans on July 21 to make Gonsiori a one-way street (except for public transport) leading into the city. Cars heading for Lasnamäe at the end of the day must leave the city through Kunderi street, making it more complicated for commuters finishing work to run shopping errands in the Torupilli center.

Kaubamaja's management member Peeter Kütt said large investments were made to acquire and develop the Torupilli property, which borders Gonsiori street.

Tallinn City Transport chief Andres Harjo said in response that the center can be accessed from other nearby streets and that city development cannot be hindered by commercial enterprises.

As the Tallinn municipality announced on Tuesday, the traffic on Gonsiory cross-road was reduced by 20% on July 23-24, during next two days – on July 25 and 26 only one lain has been operational there, and from July 28 – August 2, the mentioned crossing will be closed due to repair of the heating pipes.

As reported, consolidated unaudited sales revenue of the Tallinna Kaubamaja Group in the first half-year of 2012 was 224.9 million euros, having increased by 9.1% as compared to the first half-year of 2011, when the sales revenue was 206.2 million euros.

In the second quarter, the group's sales revenue reached 118.8 million euros, exceeding the sales revenue of a year earlier by 7.9%.