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Monday 19.03.2018 | Name days: Jāzeps

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.

Estonian Air to spend 400 million euro on new aircraft

The Estonian airline Estonian Air is set to spend 400 million euro by 2015 to purchase thirteen new aircraft. Tero Taskila, President of Estonian Air, is to submit the new investment plan to the Economy Minister Juhan Parts until late September.

Excise tax raise attracts Finnish alcohol-tourists to Estonia

In 2012, several taxes will be increased in Finland, including the excise tax on alcohol. Due to this Estonia can expect a higher number of Finnish tourists.

Estonian Air needs 330 million euro

Estonian national airline Estonian Air needs additional 15-17 aircraft to operate one to two flights a day to the largest European capital cities.

Estonia celebrates 20 years of independence

On August 20, Estonia is celebrating twenty years since the restoration of independence.

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