Posts under ‘Estonia’
A dispute between Andres Järving and Veiko Murruste, shareholders of Süda Maja that was developing Ameerikanurga, a large logistics and industrial park just outside Tallinn, has driven the company into bankruptcy, writes Äripäev.
Public prosecutor has withdrawn its claim in the amount of EUR 3.5m against road building company Lemminkäinen, writes Äripäev.
Prime Minister Andrus Ansip believes that there is no reason to be concerned about the exit of multinational corporations from Estonia because Estonia is attracting more foreign investments than losing them.
Nordea Pank expects the Estonian economy to grow 1% this year, while as late as in September, the bank was expecting the economy to expand by 1.9%, writes Äripäev.
LHV analyst Heido Vitsur says that while an increase in profits of businesses is encouraging, the worrying sign is that the domestic sector is becoming stronger and exporting businesses are becoming weaker.
The total profit of the Estonian business sector in the third quarter was EUR 945m, beating the previous record of EUR 921m that dates back to 2007, just before the economic recession hit Estonia, writes Äripäev.