In the coming months inflation should be around 3% in Estonia as a result of external factors and tax changes, said Kristjan Pungas, analyst at the Ministry of Finance’s Fiscal Policy Department. In March, price levels in Estonia and the eurozone in general were influenced by the increase of energy prices slowing down. “At the…
State-owned Estonian airline Nordica carried a total of 41,200 passengers in March in cooperation with strategic partner LOT Polish Airlines, an increase of 57% YoY. During the first three months of 2017, the airline carried over 107,100 passengers, a 67% YoY. Nordica operated 786 regular flights in March, 20% more than in March 2016, to…
Corn plantings in Ukraine may total 4.3 million ha in 2017. Corn was the most remunerative staple cereal crop in 2016, keeping farmers interested in its cultivation. However, the spring weather conditions cause some concerns about attainability of the target sown area. As of April 6, Ukraine has not yet started corn sowing. At the…
Continuing investments in the renewal of its bus fleet, Ecolines has bought ten new buses using funding from Swedbank. The company has bought five Setra S431DT and five Man R08. The new buses will be used for runs to Western Europe, Baltic States and internal runs within Latvia. All buses are fitted with ergonomic seats.…
Compared to the first half of 2016, in the second half the average purchase prices of round timber kept declining, moreover, price drop has been recorded for the three recent years. Within the coniferous tree sector, the greatest reduction was observed in purchase prices of pine sawlogs in diameter under 14 cm, within deciduous tree…
Consumer prices in Latvia may have grown by 2.9-3.3% YoY in March, bank analysts predict. Swedbank economist Linda Vildava notes that consumer prices in March may have grown by approximately 0.4% MoM. This means that prices have grown by 2.9% since March 2016. “The largest positive contribution to monthly changes will likely come from price…
Ameriabank retains absolute leadership in the banking sector of Armenia by all key financial indicators i.e. assets, liabilities to clients, total capital, loan book and net profit, based on 2016 results. Furthermore, the bank has reported strong performance in retail banking. (PanArmenian/Business World Magazine)