Estonia shows concrete signs of an up turn as two state owned giants agreed to wage increases. Estonia Railways, who have recently signed a cooperation agreement with global Chinese Logistic company Sinotrans Shipping, agreed with trade unions to increase their bonus rate to 7% and, due to lay offs last year, to raise monies...
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In January Estonia Air took steps to improve their profitability by investing in new planes from Canadian company Bombardier Aerospace. Andrus Aljas, Estonian Air company president recently announced that Estonian Air is now one of the most viable Baltic Airlines. He also commented that he could not before recall such growth in the company,...
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Lithuania’s President, Dalia Grybauskaitė, is currently on a state visit to Norway. Today, during a tour of the Fiskerstrand Shipyard in Ålesund, while accompanied by King Harald V of Norway, President Grybauskaitė commented that this, her first state Norwegian visit, has revealed plenty of perfect but unused opportunities for cooperation with the Nordic countries,...
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Latvian cosmetic company, Dzintars, plans to open more shops abroad via the franchise system. Recently Dzintars 13th franchise shop in Russia was opened in Izhevsk. There are 49 Dzintars shops in Latvia, 13 in Russia, 2 in Estonia, 1 in Georgia and 1 in Ukraine. The company is reported to have turned over LVL...
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