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Estonian cartography co goes bankrupt

Estonian: Estonian-based cartography and land surveyor company Georaster which was also known as EOMAP was declared bankrupt, Postimees.ee reported.
The company had not submitted its 2010 report to the Business Registry. The 2009 report indicated that the company had a loss of 3.8 million EEK, an increase of over two million from 2008. The management wrote in the report that in 2009 a loss was earned since the market collapsed and the volume of orders plunged.
Source: Postimees.ee