Mar 22 2012, no 334

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Highlights from this issue:

TOP STORIES
- Estonians signed a total EUR 15m worth of contracts within the offset agreement with MBDA and SAAB who sold Estonia the missile defence system Mistral. Hanza Tarkon, Regio, Cargotec's Narva plant and LDI were just a few firms capitalising from the agreement. Read more here

- The total volume of Estonian advertising market increased by 9.4% year-on-year to EUR 72.2m, according to the market research firm TNS Emor. After two years of decline, the market started to grow again, mainly pulled up by increased advertising in the Internet, TV and radio.

- A total of 2.7m tourists were accommodated in Estonian accommodation facilities in 2011, marking a new record high level for the tourism sector. While the overall number of visitors grew by 13.5% year-on-year in 2011, that of foreign tourists increased by 15.6%.

MANUFACTURING
- Konecranes concentrates financial services to Tallinn

FINANCE
- Polish insurance giant PZU seeks to enter Estonia, Latvia
- BIGBANK consumer credit bank expands to Sweden, Holland
- Banking sector in 2011: credits grew, deposits declined

PROPERTY & CONSTRUCTION
- Pro Kapital to launch new projects in Estonia, Latvia

ENERGY & RESOURCES
- Norway's Vardar merges wind firms under Nelja Energia brand
- Spanish Gamesa wind turbine producer explores opportunities in Baltics

TRANSPORT & LOGISTICS
- Belgian logistics company Katoen Natie to develop hub in Muuga harbour

FOOD & AGRICULTURE
- Saaremaa Piimatööstus invests EUR 1.5m in butter production
- Estonian pig farmers lose due to Russian livestock export ban

IT & MEDIA
- Helsinki-listed Soprano promotes Estonian e-commerce solution

RETAIL & SERVICE
- Rumours: Tallinn to get H&M store, too
- Apranga to bring Burberry brand to Baltic capitals

ECONOMY & POLITICS
- Industrial investments boosted FDI stock in 2011
- Chancellor of Justice challenges the ESM treaty in supreme court
- Q4 economy growth revised upwards to 4.5%
- Profits grew by 40% y-o-y in 2011

EVENTS
- Danish Film Week, 23-30 March, Tallinn & Tartu
- FECC-SCCE-DECC Joint Mingle, 26 March, Tallinn
- BECC Executive Women's Dinner, 28 March, Tallinn
- FECC Visits Estonian Air, 28 March, Tallinn
- SCCE’s Wine Academy, 29 March, Tallinn
- AHK Seminar on Corporate Design, 28 March, Tallinn
- FECC Spring Meeting, 2 April, Tallinn
- SCCE Event: 2012 Business Barometer and Easter Buffet, 3 April, Tallinn
- AmCham 15th Anniversary Gala Dinner, 5 April, Tallinn
- AHK Seminar: Personal Data and Working Relations, 11 April, Tallinn
- BECC AGM, 12 April, Tallinn
- BECC-AHK Bowling Challenge, 16 April, Tallinn
- AmCham AGM, 19 April, Tallinn
- BECC London Trade Mission, 14-16 May, London

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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