International Internet Magazine. Baltic States news & analytics
Thursday, 23.09.2021, 17:32
The Estonian Competition Authority on Tuesday gave permission to AllePal OU, managed by global private equity advisory firm Apax Partners, to acquire control over Auto24 AS and VIN Solutions on the condition that AllePal dispose of generalist classifieds portal Soov.ee, informed LETA/BNS.
Keyword tags: Estonia, Good for Business, Internet, Markets and Companies, Mergers and take-overs
The Estonian economy will grow by 3.4% this year and 2.3% in 2020. Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade. Unemployment will rise in the coming years as the economy will start to cool, while more people than before will enter the labour market. Demand for additional labour will decline, but wage pressures will remain.
According to Statistics Estonia, in November 2019, the turnover of retail trade enterprises was 628 mln euros. Turnover increased by 4% at constant prices compared to November 2018
Ignitis, the electricity and gas supply arm of Lithuania's state-owned energy group Ignitis Group, has become one of the first players in the Finnish gas market which opened up for competition on January 1, Arturas Ketlerius, the head of public relations at Ignitis Group, told BC.
The average price per square meter of Tallinn apartments grew 12.1% on year to 2,170.2 euros in December, informed LETA/BNS.
The State Police arrested gold worth EUR 350,466 and properties worth EUR 1.5 million as a result of investigation into of large-scale drug business, LETA learned from the police.
OU The Pier, a seller of home furnishings, is to cease activity in Estonia and close its stores at the Ulemiste Keskus shopping center in Tallinn and Lounakeskus mall in Tartu, informed LETA/BNS.