Volume of Estonian Security Market Over 2 Billion in 2007

The aggregate volume of the security services market in Estonia amounted to 2.1 billion kroons in 2007.

The turnover of guarding services accounted for 0.9 billion kroons of the total. Installation and maintenance of security equipment contributed 0.6 billion kroons, the industry body said.

The turnover from other security services, including transportation of money and valuables, consultations, express delivery services and public services, totalled 340 million kroons.

The year-on-year growth in the sale of security services and products was 26 percent, which has been relatively stable in the last few years. In guarding services a growth of 16.5 percent and in equipment installation and maintenance 33.3 percent were recorded.
There are around 6,000 security workers in Estonia at present. Last year 1,026 new jobs were created. The average salary in the sphere of security increased by 27.5 percent in 2007.

Source: Estonian Review


Estonian Investment Bank Gild Bankers Triples Profit in 2007

The investment bank Gild Bankers made a net profit of around 81 million kroons last year, more than tripling the 2006 result.

Consolidated net income from service fees amounted to 134 million kroons, compared to 60 million kroons a year ago, a representative of the bank said.

Last year was the most successful in the company’s history, senior partner Rain Tamm said. “Among other things, the year 2007 marks the expansion of Gild’s international reach. In addition to opening offices in Sofia and London, we increased the share of fund investments outside the Baltic region,” he said.

Last year Gild also laid the foundation of private banking, a new business line, and acted as consultant in almost twice as many consolidations and takeovers as in 2006. Gild’s assets in funds surged by almost 30 percent to 2.2 billion kroons in 2007.

Gild Bankers is an independent investment bank with offices in Estonia, Latvia, Lithuania, Ukraine, Bulgaria and the United Kingdom. Gild manages alternative funds, advises mergers and takeovers, attracts capital and provides private banking services.

Source: Estonian Review

Transport of goods by rail decreased considerably

According to the preliminary data of Statistics Estonia, in 2007 the usage of services of passenger transport enterprises remained on the same level compared to 2006. The carriage of goods by road transport enterprises increased and by rail decreased compared to the previous year.

In 2007, the number of passengers carried by Estonian transport enterprises was around 213 million. 97% of passengers were carried in domestic traffic as in previous years.

The number of passengers in domestic traffic was 207 million. 93% of them used road transport (incl. city transport by buses, trams and trolley buses). The number of road transport passengers in domestic traffic was about the same as in 2006. The number of passengers in domestic traffic by sea and by rail increased by 15% and by 3%, respectively. Air transport was used 15% less on domestic flights compared to 2006.

The amount of passengers in international traffic was 6 million, as much as in 2006. The carriage of passengers in international traffic was most influenced by sea and air transport. Over 4 million passengers (6% more than a year earlier) used the services of sea transport enterprises, over 1 million passengers (22% less than in the previous year) used the services of air transport. Around 1 million passengers used road transport in international traffic, where the increase was the biggest (9%). 150,000 passengers used rail transport in international passenger traffic, about 5% more than a year ago.

The volume of goods is best characterised by freight turnover in tonne-kilometres. In 2007, the volume of goods carried by Estonian transport enterprises was 20.4 billion tonne-kilometres or 1% less than a year ago. 10.6 billion tonne-kilometres of goods were carried by road and 8.4 billion by rail transport enterprises. Sea transport accounted for 1.4 billion tonne-kilometres. In road transport the freight turnover increased by a fifth, but in rail transport decreased by a fifth compared to 2006.

In domestic traffic the freight turnover was 3.3 billion tonne-kilometres, increasing by about a fourth compared to the previous year. Road traffic accounted for three fourths of domestic traffic.

The freight turnover of international traffic was 17.1 billion tonne-kilometres or 84% of the total freight turnover. The freight turnover of international traffic decreased 4% compared to the previous year. The freight turnover of international traffic was mainly influenced by road and rail transport where the freight turnover increased 20% and decreased 22%, respectively, compared to the previous year.

Source: Statistics Office