Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe leading energy company in Estonia, Eesti Energia, has considerably lost its market share to competitors in the Baltic country in January.
In Estonia, near the Tallinn airport, business town Ülemiste continues to grow hoping to attract many Finnish companies and some 5000 residents.
For Estonia to reach wage level similar to Western Europe, wages must grow 6% a year for 25 years to come and entrepreneurs should abandon industries, which pay rise is impossible. Head of Estonia's Trade Union Confederation has expressed such a view on February 4.
Tackling its financial troubles the Estonian national airline Estonian Air restructures the company and will lay off nine flight attendants in the coming months.
Internet service giant Google has confirmed it will buy British artificial intelligence company DeepMind for USD 400 million.
Russia has no objections to signing the long-expected border treaty, said Estonian Foreign Minister Urmas Paet on January 16 quoting his conversation with Russian counterpart Sergei Lavrov.
The annual European Sauna Marathon will be held in Estonian Winter Capital Otepää on February 2. The goal of this unusual orientation contest is being the first to find and visit all saunas participating in the event and located in Otepää.
Requirement of declaring all transactions exceeding 1,000 euros is unconstitutional, told Estonian President Toomas Hendrik Ilves explaining decision to reject key amendments to VAT law, previously passed by the Parliament.
The Baltics' largest energy manufacturer Eesti Energia is planning to conclude a deal with investors aimed at building an oil shale plant and start mining operations in Jordan, ERR and Postimees report.
Estonian state auditors and Finnish experts have found that there is much room for improvement in how the Baltic state organises construction of its roads.
Estonian and Finnish prime ministers have put their e-signatures under an inter-governmental agreement regarding cooperation in e-governance. This might be the first case of signing a government level bilateral document on computers.