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Tuesday 25.07.2017 | Name days: Jēkabs, Žaklīna
EstoniaEstonia

Estonia's electricity prices might surge one-fifth in two years

After all the restrictions are lifted in 2013, the Estonian households might have to pay 15% more for electricity than currently, suggest the Estonian Finance Ministry and Central Bank’s estimates.

Estonian businessmen shocked about Latvia's shadow economy

The Estonian Chamber of Commerce in Latvia insists the Latvian government should arrange its tax auditing system, reducing unfair competition stemming from the shadow economy.

European Commission freezes Estonian company’s funding

The European Commission's audit found that three projects of the Estonian company Enterprise Estonia, which were co-funded by the European Regional Development Fund, included inadequate costs. Therefore, the EC has decided to temporarily suspend fund payments of 30 million euro to the company.

Estonia declares itself electric cars giant

In the engineering industries exhibition in Hannover, Estonia positions itself as electric cars development center, according to their display stand. 500 Mitsubishi iMiEV’s electric cars have already been purchased in Estonia

Growing number of tourists in Estonia

In February 2011, 143 000 foreign and local tourists stayed at Estonian hotels and accommodation places, 15% more than a year before. Estonians themselves made up 44% of these tourists.

Estonia’s exports grow 34% in February

Compared to February 2010, the Estonian exports rose by 34% in February 2011, totalling 843 million euro (LVL 593 mln), given the current prices, according to the Statistics Estonia data.

Expert: interest rates surge throughout the world

To restrict the price gains, interest rates are being raised all over the world. Moreover, this year the Euribor rate is climbing as well, points out Swedbank Estonia analyst Annika Paabut.

Estonian start-ups aim at USA

Several Estonian start-up businesses hope to repeat the success story of the famous technologies company Skype by trying to attract American investors interest.

Estonia among the safest countries in the world

If you are searching for a way to avoid any natural disasters, you should consider moving to Estonia, as this northern neighbour of Latvia ranks among the five countries least vulnerable towards natural catastrophes.

Estonian kroons to be disposed at Tallinn dump

Estonian kroons will be disposed at Tallinn landfill in correspondance with each and every ecological requirement, according to the Central Bank.

Fuel gains claim Estonian drivers additional 450 euro

Due to the rapid fuel price gains over the last two years, an average Estonian family driving more than 40 kilometres per day has lost nearly 450 euro. Fuel prices are fluctuating slowly and consumers do not feel sharp changes at once.

600 tons of Estonian kroons still in circulation

Kroons totalling 600 tons are still in circulation in Estonia, moreover, most of the money is unlikely to be brought to banks, accoridng to Estonian Banking Association.

2.5 million euros allocated for Estonian fishladders

The Environmental Investment Center allocated 2.5 million euros to be divided up by four projects that will help preserve fishing populations in Estonia.

Estonian Air replacing planes; flights from Tallin to Minsk and Vilnius halted

The national carrier Estonian Air is replacing both of its Saab 340 twin-engine propeller aircraft with larger, turbo prop planes. As a result, flights from Tallinn to Vilnius and Minsk will be halted for several months.

Growing Nordic countries interest in Estonia’s real estate

While Poland is mainly attracting the so-called new European Union member countries' real estate investors, Estonia continues to be the destination of Nordic countries’ investors, says Olev Mait Makk, the partner of Estonian property group Seven Real Estate Advisors.

Businesses in Estonia can refuse to accept euro cash

The Consumer Protection Board of Estonia has written a letter of concern to the Ministry of Economics over a new regulation, adopted after the euro changover, that gives businesses the right to refuse to accept euro cash.

Head of Farmers Union in Estonia warns: milk prices to rise again

The average price of a liter of milk is likely to rise substantially by summer, the president of the Central Union of Estonian Farmers, Juhan Särgava, has said. Price of raw milk paid to the farmers in the country would probably increase by 15 percent by May.

Prices for new apartments in Estonia slowly rising

The average price of new apartments in Estonia has seen a modest rise since autumn, the real estate broker City24 has found. As of March 18, the asking price for new apartments was 1,408 euros per square meter, three percent more than it was at this time last year.

Finns to hire Latvian doctors

The Estonian medical personnel company SPCDoktor has won a tender, obtaining a contract stipulating that the Finnish government will employ six Estonian doctors, who are to work in Finland’s city Jyväskylä clinics. Instead, it was found out that five out of six contracted doctors were from Latvia, not Estonia.