Book publishers improve results

  • 2013-05-15
  • From wire reports

TALLINN - Up to 40 new books have arrived at Estonian bookstores in 2012, evidence that in times when the Western European book industry is stalling, Estonia’s business is flourishing, reports Estonian news portal Last year, Estonian publishing houses showed improved financial results.

Books in Russian that were published in Estonia last year were less in demand in 2012.
Turnover at Estonia’s ten largest publishing companies in 2012 reached approximately 20 million euros, as overall turnover neared 26 million euros, which was a bit more than in the previous year, reported one of the owners of the Estonian media house Tanapaev.

Estonia’s book shops are very positive, too. Bookstore Rahva Raamat’s Marketing Manager Anu Vagenstein said that last year the company’s turnover increased by ten percent; however, during the first three months of 2013, it increased by 15 percent.

In the Russian book segment, both imported and locally published book sales volumes totaled nearly 15,000 books per month at Rahva Raamat.
Low demand is the cause of delayed deliveries of literature published in Russia in Estonia.