The Estonian Competition Authority (Konkurentsiamet) has approved Finnish meat processing group HKScan’s sale of its Baltic businesses to Estonia’s Maag Grupp, LSM reports. However, Maag Grupp will have to sell two of its major food brands, Rannamõisa and Rannarootsi Lihatööstus, ERR reports. Under the deal signed in December 2022, Maag Grupp will acquire HKScan’s Rakvere…
Estonian fish processing group PRFoods posted unaudited preliminary consolidated turnover of EUR 19.23mn in the financial year 2022/2023, which was down 6.6% from EUR 20.59mn in the year before, GlobeNewswire reports. Turnover from continuing operations amounted to EUR 19.08mn, which was up 30.2% from EUR 14.66mn in 2021/2022. In the fourth quarter of 2022/2023, the group’s…
Lithuania is assembling a coalition of countries to help Ukraine’s demining efforts, Defence Minister Arvydas Anusauskas announced, BNS reports. He said that besides Lithuania, the coalition now included Finland, Iceland, Norway, Sweden, and soon Denmark. The minister invited other countries to join with their instructors and equipment. The demining mission will operate in territories liberated…
The Nordic and Baltic countries and Poland expect Sweden’s membership of NATO to increase security in the Baltic Sea region, The Baltic Times reports. Swedish Prime Minister Ulf Kristersson said that Sweden was joining NATO as a “motivated partner,” after 200 years of non-alignment. Finnish President Sauli Niinistö reiterated that Finland’s membership of NATO was…
Estonia’s privately-owned gas company, Eesti Gaas (Elenger), posted revenue of over EUR 1bn in 2022, which was a triple increase from just over EUR 380mn in 2021, ERR reports. Sales of natural gas amounted to EUR 890.2mn (88% of total revenue) and of electricity to EUR 67mn (nearly 7%). Sales in Estonia accounted for 46%…
Estonia’s exports of goods totalled EUR 1.6bn at current prices in May 2023, which was down 15% from the same period of 2022, according to data from Statistics Estonia, ERR reports. Exports of goods of Estonian origin fell by 21% and accounted for 65% (69%) of total exports. Overall imports totalled EUR 1.9bn, which was…
Finland’s new defence minister, Antti Häkkänen, visited Estonia’s capital, Tallinn, to meet with his Estonian counterpart, Defence Minister Hanno Pevkur, on 6 July 2023, ERR reported. The two ministers discussed bilateral defence cooperation, regional security, the NATO summit in Vilnius, assistance to Ukraine, and EU defence support. Pevkur said that Finland’s accession to NATO opened…
NATO allies have deployed additional capabilities to safeguard the NATO summit in Lithuania’s capital city of Vilnius on 11-12 July 2023, ERR reports. Germany has stationed 12 Patriot air defence batteries, Spain has sent NASAMS air defence systems, and France will deploy Caesar mobile artillery in Lithuania. Also, Denmark, Finland, and France will station fighter…
Accommodation establishments in Estonia received a total of 265,000 guests in May 2023, which was 7% more than in the same month of 2022, according to data from Statistics Estonia, ERR reports. The number of foreign guests totalled 141,000, which was 21% more than a year earlier. The number of tourists from Finland amounted to…