Ekspress Hotline, a subsidiary of the Estonia's Ekspress Grupp media holding, established a subsidiary firm in Romania 's TeleTell Infoline S.R.L. The new outfit will provide information services similar to those of Ekspress Hotline in Estonia, the group said. Under the founding agreement, 80 percent of the firm's share capital will belong to Ekspress Hotline and 20 percent to IPC Investments. The firm will hold talks for with Romanian telecommunications companies in order to start providing services in August.
Estonia's Eesti Energia (Estonian Energy) will start offering power directly to customers in Latvia and Lithuania once the latter two countries' energy markets open to individual clients in July. The market has officially been open for nearly three years for corporate clients, but all clients continue buying electricity from Latvenergo as before. Tiit Nigul, sales director, said Latvenergo will remain Estonian Energy's main client after deregulation.
The Akropolis mall operator, owned by Vilniaus Prekyba, is planning further expansion in Lithuania and abroad after opening its third mall this month in Kaunas. Director Mindaugas Marcinkevicius said the company planned to open shopping and entertainment complexes in Siauliai and possibly Panevezys, Lithuania's poorest city, and in Riga and Tallinn. Earlier company said it expected to open an Akropolis mall in the Bulgarian capital of Sofia by 2011. Over 350 million litas (101.4 million euros) was spent on the new mall in Kaunas, the largest of the three Akropolis malls. The malls in Vilnius and Klaipeda attracted 25 million visitors last year and generated 1.1 billion litas in retail revenues.