Estonian Maritime Administration continues its work on a push to attract shipping firms to register their ships in Estonia by offering e-registration and a reduced tax burden.
Lenders in Estonia are continuing to build a common positive credit rating register to enable banks and creditors assess the ability of upcoming clients to repay their debts.
The parliament of Estonia adopted on December 19 the country’s budget for 2017, where defence spending has been raised reaching 2.17% of Estonian GDP.
Nordica airline, which was founded in 2015 by the Estonian state, released on December 15 the estimated that it will have transported about 400 000 passengers it its first full years of operation.
Estonian Riigikogu adopted on December 14 an amendment to the country’s Aliens Act to simplify the settling of foreigners in Estonia that can make a contribution to the local economy, especially people working in the field of information and communication technology.
Estonian Minister of Foreign Affairs Sven Mikser considers that EU countries are still critical about Russia’s actions abroad and that heads of state and government would uphold sanctions against Russian officials, individuals and companies at this week’s EU summit.
Finnish group of telecommunication companies Elisa has on December 13 announced plans to acquire the full ownership of Estonian telecoms firm Starman for 151 million euros.
Estonia’s ruling Centre Party «does not dare» stepping out of its co-operation protocol with United Russia, the party represented by Russia’s current political elite, stated deputy chairperson of the centrists and Estonian Education and Research Minister Mailis Reps on December 8.
Over the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by a percent. Statisticians evaluate that the key factors behind it have been more expensive fuel, alcohol and tobacco.
Estonian Rural Affairs Minister Martin Repinski announced on December 6 that he was stepping down from office, having worked in the post for less than two weeks amid scandals surrounding him.
As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has this week announced a procurement tender for designing and constructing the Estonian side of the project.
Nine Representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government on December 5 protesting against a planned excise tax hike on natural gas.
The cabinet of ministers of Estonia ordered on December 1 to hold snap military drills to test the ability of reserve troops to reach combat readiness in 24 hours.
The coalition partners of Estonia’s Centre Party, which is headed by the Estonian Prime Minister, have this week distanced themselves from charges brought against the ruling party for allegedly receiving illegal political donations.
Estonian institutions have launched a promotional campaign to attract young Britons «to stay in EU», by acquiring the e-residency permit of Estonia for 100 euros a person.
Estonian Foreign Minister Sven Mikser has noted that Russian President Vladimir Putin could make attempts to test NATO’s red line; however, Estonia and its NATO allies can collectively prevent such attempts from Russia.
In Estonia’s ports 1.4 million tons of freight have been handled, which is a fall by 776 thousand tons since October 2015. The number of passengers served has, however, reached a record last month, Estonia’s state-owned port administrator Port of Tallinn has estimated.