The Estonian confectionery company Kalev posted a net profit of 1.15 million kroons (73,500 euros) for the financial year ending June 30, compared with a net loss of 41 million kroons the year before. Sales grew 5.6 percent year-on-year to 890 million kroons. Sales revenue on the domestic market increased 7.9 percent and exports 2.7 percent. Of Kalev's output, 49 percent was sold on the home market and 51 on export markets.
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Baltgina, a Lithuanian food industry equipment manufacturer, is looking to sign a 15-million-euro contract with a Belarusian meat processor this autumn. CEO Faustas Kersys said that the company was planning to ink a contract to design, supply and launch technological equipment for the Belarusians in September or October. "We are in direct talks with the potential buyer, so we expect things to get moving soon. We would complete designing work by the end of the year and put the slaughter-house on its feet next year," he said, adding that Belarus' meat processing industry had been on the rise.
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The supervisory council of the Tallinna Kaubamaja (Tallinn Trade House) group's supermarket chain A-Selver confirmed a development plan that entails expansion to the Latvian market. The firm will publish A-Selver's more detailed plans for the Latvian expansion in January 2007, Tallinna Kaubamaja said. The Selver chain of super- and hypermarkets, which started out in Tallinn in 1995, comprises 21 stores throughout Estonia. In 2005, nine new Selver stores were opened. The chain employs approximately 1,800 people.
