Amserv to start as Peugeot dealer in April

Under a co-operation agreement signed with the Peugeot importer KW Bruun Baltic, Amserv Grupp will become a dealer for Peugeot from April.
Peugeot cars will be sold and serviced by the dealerships of Ascar, a holding of Amserv Grupp, in Tallinn and Tartu.
Raivo Kutt, CEO of Amserv Grupp, said Amserv added Peugeot to the list of carmakers it acts as a dealer for out of the desire to strengthen its market position in the segment of utility vehicles, where Peugeot has occupied the leader’s position for years.
Amserv Grupp said in a press release it ranks as one of the largest car sale and service companies in the Baltic countries. Its 15 representations are located in Tallinn, Parnu, Tartu, Paide, Viljandi and Riga.
The addition of Peugeot will increase the number of brands represented by Amserv Grupp to seven, the other six being Toyota, Lexus, Opel, Chevrolet, Hyundai and Saab.
KW Bruun Baltic is the official importer of Peugeot vehicles to Estonia and Latvia.

Source: Estonian Review

Sales of self-scanning systems to retail sector increased

New Vision, the leading provider of information technologies for retail in Baltic States, reached 11,1 million euro of consolidated revenue. It is 17 % more than in 2007.  In year 2009 New Vision recommends for retailers not to save blindly but to  select those investments, which has a clear short term ROI.

In 2008 retailers were interested in innovations, which increase the effectiveness of business, and solutions, which optimize business process. As a result New Vision installed more than 80 self-checkouts, electronic shelf labels and presented an innovation in Baltic States – self-scanning system. Also to respond the new market request, the company installed BI solutions, CRM and a tool of debts management in Microsoft Dynamics NAV system.

During 2008 we have invested more than 145 thousands euro for various studies and trainings as well as workshops  to  learn and implement  best practices and know-how available at our partners. Also during economical growth period our focus was constantly on new product development. So now  we are fully ready to provide the solutions for retailers which would help them to increase efficiency and optimize their business processes. – says Evaldas Budvilaitis, CEO of UAB New Vision Baltija.

In  autumn of 2008 NEW VISION was awarded as “Knowledge Economy Company 2008” in Lithuania. UAB New Vision Baltija was announced the most innovative company of the year which in its business creates new knowledge, by its example inspires the others and helps the society.

Last year New Vision became an authorized ZEBRA printers’ service center in the Baltic States and got the gold partner status of LS Retail. Also New Vision got Business Intelligence Developer certification of MCITP-level and the fifth Microsoft OEM Hardware Solutions competency.

In such economical situation, the most popular method of surviving is the strong saving. We think that this solution alone won’t help. It is necessary to use technologies, which help to organize the company process effectively and have a short time of pay back period – suggests Evaldas Budvilaitis.


Baltika to open ten stores

The listed Estonian garment maker and seller Baltika is about to open ten new brand stores in Estonia in the first half of 2009, two of them in the south-western city of Pärnu, this Thursday.
Four stores will be opened in the extension of the Rocca Al Mare shopping centre in Tallinn that is due to be completed this spring and another four in the Baltika Quarter being developed on Veerenni Street, also in the capital city.
The Monton and Mosaic brand stores in Pärnu will open in the Pärnu Keskus shopping centre and take up a floor area of approximately 400 square meters combined.
After the outlets in Pärnu have opened, Baltika will have 31 stores in Estonia.

Source: Estonian Review

EU allocates 6.7 mEUR for Estonia-Latvia gas link

Aside from the Estlink-2 undersea power cable project, the project to build a gas link between Estonia and Latvia also stands to receive support from the EU’s economic stimulus package.
The size of the EU allocation for the gas link project is 6.7 million euros.
Prime Minister Andrus Ansip said after the EU summit on Friday that according to the summit’s decision, Estonia will receive 8.3 million euros as support to develop broadband Internet. Other areas that are to be supported in Estonia include agriculture, said the prime minister.
It has been announced previously that Estlink-2 would get 100 million euros in EU support.
Estonia is contributing 117 million kroons to the five billion euro EU aid package but stands to get significantly more as recipient, the premier added.

Source: Estonian Review

Profit of Playtech soars 55 pct

The developer of online games and gaming environments Playtech has posted a profit of 41 million euros for 2008, which marks a 55% increase over the profit earned in the year before.
Playtech’s total revenues surged 70% to 112 million euros. The casino business gave 79 million euros and poker 30 million euros of revenues.
Playtech signed 15 new license agreements during the year.
The company observed in the report that the first months of 2009 have been successful for it as revenues have moved up in comparison with the end of 2008.
Playtech’s share has made gains in recent days and traded at four pounds sterling on Thursday.
Playtech does much of its development work in Estonia.

Source: Estonian Review