Jun 28 2012, no 340

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Highlights from this issue:

TOP STORIES
- With the retail trade activity increasing every quarter and becoming the main supporter of the further economic growth, the real estate developers have brushed away dust from their plans to build new shopping centres. In addition to Pro Kapital’s 77,000 sq.m Peterburi project announced in March, E.L.L. Kinnisvara revealed its plans to build Panorama City of similar size. Read more here

- The national bank Eesti Pank raised its GDP growth forecast for 2012 in its most recent prognosis published in June by 0.3 percentage points to 2.6% year-on-year. At the same time, Nordea stayed with its 2% y-o-y growth prediction.

- There are continuing problems with matching education outcomes with labour market needs, writes the European Commission (EC) in its recommendation paper to Estonia. news2biz investigated the issue and has to agree, despite politicians' assurances that everything is just fine.

MANUFACTURING
- Steel door manufacturer T-Tammer expands production
- French electronics producer Eolane completes takeover of Elcoteq's Tallinn plant
- Engineering giant ABB launches construction of EUR 14m extension

FINANCE
- LHV Group raises capital to support its bank expansion
- Nomura brings in another trading firm to Baltic bourses

PROPERTY & CONSTRUCTION
- Viisnurk changes name to Skano, eyes Asian markets
- Estonian company launches major development project in Riga
- Norwegian HeatWork leaves Baltics, Poland

ENERGY & RESOURCES
- Law forces Eesti Gaas to divest pipeline operator, company protests
- Vopak LNG studies feasibility of LNG terminal in the port of Muuga
- Plastic recycling plant launches, owner probed
- Fuel retailers' margin in Estonia lowest in EU

TRANSPORT & LOGISTICS
- Tallinn's bus terminal invests EUR 1m in new look
- Estonia-Russia border crossings get EUR 14.6m investments

FOOD & AGRICULTURE
- Danish DLA interested in busted Werol rape seed oil plant
- Latvian confectionery Laima uses new approach in Estonia

IT & MEDIA
- Garage48 HUB, start-up co-working space provider, moves to central Tallinn
- Government agency: EMT mobile operator has best coverage, speed

RETAIL & SERVICE
- Retailers expand to consumer credit business
- New Postimaja mini mall signs H&M and Rimi
- Danish glasses retailer Crosseyes has sight set on Estonia
- Estonians dominate Swedes in Finnish tourism

ECONOMY & POLITICS
- "Trial of the century" ends, verdict: not guilty

EVENTS
- Annual US Independence Day Celebration, 4 July, Tallinn
- HBC event: A Boat Christening, 7 July, Viljandi
- BECC's Summer Party, 19 August, Vihula
- FECC's karting, 28 August, Tallinn
- A Rendez-vous of Professional, Passionate and Philanthropic Women. 29 August, Tallinn

KEY FIGURES
- Wages, inflation, consumer price index, producer price index, industrial output, construction price index, residential construction, commercial property market, retail trade, sentiment indicators, currency, credit, interest rates, money supply, stock exchange, foreign trade, current account, GDP, FDI, unemployment, real earnings, regional data and key economic data forecast 2011-2012.

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