The company is also waiting for the purchase analysis to be completed.
"As we've said before we will then look at project's business side and take decision on following steps," Jaaks told reporters.
The location of the new factory may be located in Ropazi, Latvia, and it is yet unknown whether the move may create more jobs in Latvia, and what will become of the current Estonia employees.
There was also no comment on what the company intends to do with the current Estonian Coca-Cola factory. No dates have been confirmed as to the moving of the factory.
Coca-Cola HBC Estonia, according to Jaaks, has not yet filed their annual report for 2008 and that the company audit is still underway.
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