Archive for the Category ‘Estonia’

Estonia to build underwater hydro plant

Estonia to build underwater hydro plant

TALLINN — In an effort to bring down power prices and increase carbon-free energy production, Estonia may get a underwater pump hydroelectricity plant along its northern coast. The plant which will be about 200 m below water and produce 300 mw of electricity, although the Ministry of Economy is questioning the need for such large […]

Krimelte doubles turnover

Krimelte doubles turnover

TALLINN — The economic recovery in Estonia’s Western European trade partners is being felt by the insulating foam and joint sealant manufacturer Krimelt. The Estonian company increased its turnover by 50 percent within a year, the company reported Monday. Krimelte’s consolidated turnover during the first half of 2010 was €28.3 million with most of the […]

Stimulus a waste?

Stimulus a waste?

TALLINN — A new audit seems to indicate that the 7.4 billion krooni (€475 million) of support to increase the productivity and export capacity of Estonian companies appears to have largely useless in improving the sector. The National Audit Office reported Wednesday that the low productivity and export capacity of companies, which form the basis […]

Glaskek declares bankruptcy with substantial debts

Glaskek declares bankruptcy with substantial debts

TALLINN — According to information made public by the bankruptcy court it appears Estonian window manufacturer Glaskek, which was declared bankruptcy in August 11, owes a whopping 310 million krooni (€19.8 million) to Swedbank. Glaskek’s total marginal debt exceeds 364 million krooni (€23.3 million), yet the company has assets for 336 million krooni (€21,5 million) […]

2010 growth forecast upped to 2%

2010 growth forecast upped to 2%

TALLINN — In light of improving economic numbers in its major trade partners, the Estonian Ministry of Finance increased its gross domestic product projections for 2010 from 1 to 2 percent. The increase will rely largely on exports, which have been boosted already this year by increasing foreign demand. Meanwhile the cost-cutting measures and improved […]

Advertising still slumps

Advertising still slumps

TALLINN — Estonian Internet advertising is the only bright spot in the Baltic state’s still declining ad market according to the latest poll from TNS Emor. Despite the 3.5 percent increase in gross domestic product, TNS Emor survey results reported Monday show that the advertising market in Estonia declined by 8 percent in the second […]

Trade up across Baltics

Trade up across Baltics

TALLINN — The import of machinery, transport equipment and metals bolstered the strong growth of Estonian foreign trade in June. Statistics Estonia reported Tuesday that the smallest Baltic state’s export improved by 7 percent, and import by 22 percent compared to the same period last year. The export reached up to 10.2 billion krooni (€651 […]

Producer prices up

Producer prices up

TALLINN — The producer price index of industrial output in Estonia is continuing to climb as the country recovers from the economic crisis. Prices rose by 3.9 percent in July compared to the same time last year. From the previous month July’s prices were up 0.5 percent, according to the country’s Department of Statistics. July’s […]

Kosovo hires Navirec

Kosovo hires Navirec

TALLINN — Estonian GPS and monitoring system company Navirec won a state procurement from Europe’s newest nation Kosovo to provide 5,000 state cars with tracking devices, even though Navirec had the most expensive offer. The contract between 100 percent Estonian-owned Navirec and the Kosovar government will be signed Friday, and 2,600 cars will have the […]

Brem bankruptcy case dropped

Brem bankruptcy case dropped

TALLINN — Tallinn heating company Tallinna Küte withdraw the bankruptcy request on Brem, a large Estonian real estate maintenance company after it paid most of it’s debt. Brem had 800,000 krooni (€51,129) worth of unpaid heating bills since the end of last year to Tallinna Küte, which filed for Brem’s bankruptcy in the Harju County […]

Login status

You are not currently logged in.






» Register
» Lost your Password?

ADVERTISEMENT

© 2010 Baltic Reports LLC. All rights reserved. -