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Electricity prices surge in Lithuania
Due to the large amount of precipitation in the Nordic countries, electricity prices have increased in the Baltic States. In Lithuania, prices rose by 5.5%, while in Estonia – by 1.6%.
Food price dynamics slows down Estonian inflation
October 2011 inflation slowed down mostly due to dropping food prices. Moreover, the price of vegetables was down more than usual because of favourable weather conditions.
Estonian casino purchases gold for millions of euros
Estonian company Olympic Enterprise Group spent about 6 - 8 million euro for buying gold in the previous quarter,
2 commentsEU fund payments halted in Estonia
Estonia will not receive the European Union (EU) Structural Funds for at least a couple of months, as the European Commission has suspended the money payment until the control over resources is increased.
Cleanest air – in Tallinn
The capital of Estonia Tallinn has the world’s cleanest air, according to the city’ air quality measurements. Moreover, this conclusion is in line with the released data by the World’s Health Organization on air pollution measurements in cities worldwide.
Air defense radar installation started on Estonian islands
On the island of Muhu, in west Estonia, the construction of post building and grounds for new military air defense radar has been started. It is set for commissioning in 2012.
Five years work in Finland spares from poverty in old age
According to official statistics, currently 22 000 Estonian citizens are residing in Finland, of whom almost half do not intend to return home at all.
Ernst & Young: shrinking export slows down Estonian growth
Despite forecasts that the pace of the Estonian economy could hit 7.2% this year, their constantly shrinking export and the highest inflation in the EU (5%) are slowing down growth rates.
Estonian PACE candidate loses to Frenchman
Chairman of the Parliamentary Assembly of the Council of Europe (PACE) has been elected in France, Strasbourg.
Estonians to pay more for electricity
Estonian Competition Council has approved changes to the electric tariffs agreement concluded by the Estonian electronic transmissions administration company Elering. It means that electricity tariff will climb from January 2012.
Reinert: Estonia might be the last country to replace national currency with euro
Latvians lack sound national confidence, says the world-famous Norwegian economist Erik Reinert, whose book How Rich Countries Got Rich… and Why Poor Countries Stay Poor is about to be published also in Latvian.
Estonia - eurozone leader in shadow economy
Estonian shadow economy is the biggest among the eurozone member states. Estimates show that shadow economy in Estonia could hit 28.6% of GDP this year, compared to 29.3% in 2010.
Bank of Latvia: Estonians have better financial logics
Estonian budget policy of the past ten years shows that, unlike Latvia, Estonians have always had good financial logics. They always spend only what has been earned so that they do not need to borrow, says Olegs Tkachev, Bank of Latvia economist.
Ansip: Greece must be helped just like Latvia was
Andrus Ansip, Estonian Prime Minister says he cannot relate to people who propose to evict troubled countries, for example, Greece from the eurozone. He urges to remember about the financial situation their neigbour Latvia faced two year ago.
Estonian retail sales up 4% in July
July 2011 versus July 2010 shows retail sales are up 4% (at constant prices). Since February, compared to the same month a year earlier, retail sales have been demonstrating stable growth, according to Statistics Estonia.
Economic Diary: Smash Business with Taxes
Oil deposit exploration in Latvia's waters; project managed by people close to Lembergs
Friendship with Unity – the only thing that keeps Prudentia afloat?
Prudentia distances from the consequences of the advices it once gave
LHV bank to take over Snoras Leasing
PHOTO: Gumball 3000 lifestyle rally in Riga
More than 20 000 enthusiasts to run in the Nordea Riga marathon
Economy Minister: Russian business interest increases in Latvia
500 kg large aircraft bomb found at Ventspils port
Cypriot banks launder money, leaked EU report reads
Apple and other great American companies that keep mountains of cash overseas
May 21 in pictures
Tornado in U.S. moves on reaching 320 km/h in Oklahoma City
Tourists die in Turkey balloon crash
Greek politician slaps woman live on TV
Colombia hosts Miss Pole Dance 2012
VIDEO: Airline fined for in-flight bikini show
VIDEO: The birth of a snowflake
VIDEO: World's most dangerous marketplace
Photos of the week, 2013.05.24.
May 23 in pictures
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