{"id":26664,"date":"2021-09-14T10:15:49","date_gmt":"2021-09-14T07:15:49","guid":{"rendered":"https:\/\/noo.ee\/uncategorized\/noo-meat-factory-money-from-pension-fund-makes-it-to-supermarkets\/"},"modified":"2022-09-28T14:29:44","modified_gmt":"2022-09-28T11:29:44","slug":"noo-meat-factory-money-from-pension-fund-makes-it-to-supermarkets","status":"publish","type":"post","link":"https:\/\/noo.ee\/en\/news\/noo-meat-factory-money-from-pension-fund-makes-it-to-supermarkets\/","title":{"rendered":"N\u00f5o meat factory: money from the pension fund makes it to supermarkets"},"content":{"rendered":"\t\t
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Estonia\u2019s largest domestic capital-based meat industry O\u00dc N\u00f5o Lihat\u00f6\u00f6stus observed that the refunds from the second pillar not only went to investment accounts, bailiffs and electronics shops, but also to meat counters, where the sales of more expensive products increased.<\/p>\n\n

\u201cDuring the first weeks of September, when Estonians received a billion euros, our sales went up significantly,\u201d notes N\u00f5o Meat Factory Chair of the Supervisory Board Simmo Kruust\u00fck. \u201cAlthough, of course, we cannot say with 100% certainty that only pensions were behind this, our long experience and communication with various retail chains allow us to believe that its impact was significant.\u201d<\/p>\n\n

According to Kruust\u00fck, in the first week of September, the most expensive products were very popular. \u201cFor example, sales of cooked and raw salami increased by 20% compared with the same period last year and sales of full-smoke sausages and more expensive hams increased by 1\/10,\u201d remarks Chair of the Supervisory Board Simmo Kruust\u00fck. \u201cIt seems that many people who got their money out of the second pillar treated themselves to better and higher-quality meat products.\u201d<\/p>\n\n

In fact, according to Kruust\u00fck, there was some bustle on the market as early as the previous month, when they saw record revenue: the total sales of the meat industry increased by 11 per cent in August. \u201cWe have not amended the prices of our products, thus the increase in revenue can only be explained by increased demand and market share growth,\u201d Kruust\u00fck explains.<\/p>\n\n

\u201cAlthough sales to the retail chains are escalating exponentially, supply to the hospitality sector remains low. In spring and early summer, we observed that sales to hotels, restaurants and caf\u00e9s were growing but were still lower than before the pandemic. International tourists have still not returned \u2013 even the restaurants in hotels are purchasing good old pork collars instead of exclusive beef steaks.\u201d<\/p>\n\n

While N\u00f5o is happy about the increased interest in meat, it also puts a strain on production due to the shortage of employees. \u201cThere is no doubt that one of the largest current concerns of the food industry is the lack of hard-working employees,\u201d Kruust\u00fck remarks. \u201cWe are trying our best but the government could also help us. For example, they could encourage cross-sectoral movement and retraining with tax incentives or special pay subsidies.\u201d<\/p>\n\n

N\u00f5o Meat Factory is the largest domestic capital-based meat industry. It was established in 1992 when they started to produce the legendary N\u00f5o roulade. The small company in N\u00f5o near Tartu has turned into a contemporary export meat industry with a selection of over 400 award-winning meat products. Our neighbours\u2019 dining tables are also full of N\u00f5o products \u2013 one-quarter of the products are exported to Latvia and Lithuania. N\u00f5o Meat Factory has 200 employees, which makes it one of the biggest employers in South Estonia.<\/p>\n\n

Simmo Kruust\u00fck N\u00f5o Meat Factory\u2019s Chair of the Supervisory Board Phone +372 516 8103 E-mail: simmo@noo.ee <\/em><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Estonia\u2019s largest domestic capital-based meat industry O\u00dc N\u00f5o Lihat\u00f6\u00f6stus observed that the refunds from the second pillar not only went to investment accounts, bailiffs and electronics shops, but also to meat counters, where the sales of more expensive products increased. \u201cDuring the first weeks of September, when Estonians received a billion euros, our sales went […]<\/p>\n","protected":false},"author":1,"featured_media":25112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[113],"tags":[],"class_list":["post-26664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/posts\/26664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/comments?post=26664"}],"version-history":[{"count":0,"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/posts\/26664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/media\/25112"}],"wp:attachment":[{"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/media?parent=26664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/categories?post=26664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noo.ee\/en\/wp-json\/wp\/v2\/tags?post=26664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}