Estonian Competition Board to grant permission for purchase of two meatpackers / 15 Jul 2008
TALLINN - The Estonian Competition Board will grant permission to the Finnish Atria meat-packer to buy Estonia’s AS Woro Kommerts and AS Vastse-Kuuste Lihatoostus.
“Concerning Woro the decision had really been signed as of yesterday,” Svetlana Ljutova, head of the Board’s merger [...]

The first half-year: Riga International Airport keeps its leading position in the Baltics!
In the first half of this year SJSC Riga International Airportserved 1 659 185 passengers, which is 17,4% more than in the same period of the last year.
The Tallinn airport, in the first half of this year, has served 900 190, the airport [...]

Lithuanian Investments Abroad Increased by 20%

As of 1 April 2008, Lithuanian enterprises’ direct investments abroad made EUR 1.3 billion, or by almost 20% more than on 1 January 2008 (EUR 1.1 billion), Lithuanian Department of Statistics has reported.
Most of all – EUR 342 million (26.8% of the total direct investments abroad) – was invested in [...]

Budget surplus will be symbolic
In this year’s budget the planned surplus has been decreased from the initially planned nearly 163 mln LVL to only 8 mln LVL or 0.05% of GDP. It must be reminded that the current law in force provided to finish this year with a surplus of 1% of GDP. One of [...]

Consumer price index increased in June
According to Statistics Estonia, the percentage change of the consumer price index in June 2008 compared to June 2007 was 11.4%.
This year compared to the corresponding month of the previous year, the change of consumer price index has remained around 11%, the same trend continued in June.
In June 2008 compared [...]

FDI on the increase in Poland in 2008
Poland and Romania result to be the only two new EU member states to witness increase in FDI inflow this year – states a report prepared by the Vienna Institute for International Economic Studies.
The report suggests that after several-year increase in FDI inflow to the region, the tendency [...]

Domestic inflationary pressures on a downward trend

According to the data of the Statistics Estonia, the cost of the Estonian CPI basket increased by 0.6% in June 2008, keeping the year-on-year price growth still above the 11% level.
Like in previous months, the growing cost of motor fuel dominated in June as well. The price [...]

Number of Passengers and Flights at Lithuania’s Airports Continuously Increasing
During the first five months of the present year Lithuania’s international airports received almost 25% more passengers and 15% more flights comparing with the corresponding period last year.
During the period almost 1 million passengers landed at or took off from Lithuanian airports. Almost 85% of them [...]

The 14th Baltic Financial Forum
On September 29-30, 2008 the 14th Baltic Financial Forum (the annual conference ‘Banks and Finance in the Baltics’), that is one of the most important events of economy life of Latvia and the Baltic states, is going to take place.
Traditionally, during the Forum the Ministers of Finance, Governors of [...]

Estonian Air holds Annual General Meeting, July / 2008
The shareholders approved the Annual Accounts of AS Estonian Air, according to which the company earned in 2007 a loss of 52m Estonian kroons (3.3m EUR) at a turnover of 1,380.9m kroons (88.2m EUR) (the result in 2006 was a loss of 58.8m kroons (3.8m EUR)).
The turnover [...]