Company briefs - 2010-04-01

  • 2010-04-01

Swedbank has extended the current credit line of the general grain processing company Dobeles Dzirnavnieks and provided the company with a further 2.5 million euros, as well as injecting new investments of 2.7 million euros, which will be used to build the most modern mill in the Baltic States, as well as a new packing line and drying room, reports The company will also be provided with 400,000 euros for acquiring specialized technology. Part of the investments are being provided through co-financing from European Union funds. Chairman of the Board Dainis Dominieks said that the present economic situation demanded that the company strengthen its position on the local market, as well as expand its export activity.

Amsterdam’s Schiphol Airport hosted its annual Schiphol Aviation Awards, recognizing exceptional performance among airlines in 2009. First among distinguished airlines was Estonian Air, with the prize for most punctual airline. Schiphol has been presenting this annual award since 1994 to highlight the importance it attaches to punctuality. This year’s focus was on punctuality at peak hours. “The title awarded by Amsterdam Airport Schiphol is very important recognition for us – being the most punctual among big international airlines and providing excellent services is the approach the whole Estonian Air team is striving for,” says Rauno Parras, Estonian Air Vice President Commercial.

The Port of Tallinn regained third position, after Primorsk and St. Petersburg ports, among the larger Baltic Sea Eastern coast ports last year, putting it ahead of Riga, Ventspils and Klaipeda ports, reports National Broadcasting. Cargo volume for 2009 was 31.6 million tons, an increase of nearly 9 percent, or 2.5 million tons. The number of passengers was at a record level, 7.26 million. Net profit was 408 million kroons (26.1 million euros), up 2 percent over 2008. Turnover grew by 8 percent to 1.27 billion kroons. The loan burden was 2.6 billion kroons at the end of the year, an increase of 273 million kroons for the year.