Newspaper and magazine sales in Estonia fell in June 2023 compared to the same period of 2022, according to data from the Estonian Association of Media Enterprises (EML), ERR reports. Õhtuleht sold 32,000 (35,000) copies, followed by Maaleht with 31,700 (33,600), Eesti Ekspress with 19,000 (20,600), and Eesti Päevaleht with 8,600 (10,000) copies. Postimees stopped…
Lithuania’s Court of Appeal has partially granted a petition of the Algerian manufacturer of industrial equipment, Aero Delta, against the Lithuanian aircraft maintenance company, Aviabaltika, to arrest about EUR 980,000 of Aviabaltika’s assets, LRT reports. However, the court rejected Aero Delta’s request to arrest the assets of the newly-established company, Realest, to which Aviabaltika transferred…
Latvia’s State Revenue Service (VID) has decided to shut down the business operations of Klaugu Muiza, which is ultimately owned by sanctioned Russian billionaire Pyotr Aven, LETA reports. At the same time, VID banned any reorganisation of the company and change of board members. The company owns the Klaugu Manor in Lazdona parish. The EU…
Latvia’s President, Edgars Rinkevics, met with the governor of the Bank of Latvia, Martins Kazaks, to discuss issues related to the banking and financial sector, Baltic News Network reports. The officials noted that high lending costs weakened banks’ interest in providing lending services. Rinkevics called for a “radical change of direction” from Latvian commercial banks,…
Estonian media group Ekspress Grupp’s digital subscriptions totalled 175,379 at the end of the first half of 2023, which was nearly 34,000 (24%) more than in the same period of 2022, GlobeNewswire reported. The number of subscriptions rose by 9% in the second quarter of 2023 and 20% in the first six months of 2023….
The Estonian government has announced an emergency situation in the country’s agriculture sector due to adverse weather conditions in recent years, ERR reports. The declaration will ease regulatory and contractual obligations for farmers and other agricultural businesses, but will not entail financial support measures. Estonia has experienced exceptionally low rainfall and high temperatures in recent…
The Estonian Centre for Defence Investment (RKIK) of the Ministry of Defence has called for tenders for the purchase of mobile field hospitals for an estimated EUR 150mn, BNS reports. Under the eight-year contract, RKIK will procure mobile bandaging stations, mobile field hospitals, individual modules and spare parts, repair, maintenance, and development services, and user…
Estonia’s retail group, Tallinna Kaubamaja Grupp (TKM Grupp), posted unaudited consolidated sales revenue of EUR 460.5mn in the first half of 2023, which was up 11.8% from EUR 411.9mn in the same period of 2022, GlobeNewswire reports. Sales of the group’s supermarkets amounted to EUR 301.7mn (up 6.5%), department stores to EUR 51.7mn (up 6.7%), car…
The Estonian Business School (EBS) has obtained a planning permit for the construction of a new campus in central Tallinn, ERR reports. EBS will begin building the 44,000 m2 campus on Tallinn’s Ants Lauteri Street in the second half of 2023. The campus will include a 30-storey office tower, catering facilities, a sports centre, and…