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Sunday 26.03.2017 | Name days: Eiženija, Ženija

Estonian off-shore wind farm project approved; others follow

Estonian renewable energy firm 4Energia has been permitted to build a 700 MW to 1,000 MW off-shore wind farm northwest of the island of Hiiumaa in the Baltic Sea.

Latvijas aptieka to gather previously bought pharmacies under its brand

Pharmaceutical company Olainfarm plans to add previously bought pharmacies to its owned Latvijas aptieka brand, according to information from Firmas.lv.

Estonian company total profits down 10%, total sales – up 2%

The total profits of Estonian firms in 2016 have continued to decrease for the second year in a row and were 2.7 billion euros last year, which is a 10% fall, if compared to 2015.

Classic Nokia 3310 reissued

Almost 17 years after its original launch, Finnish company HMD Global has released a revamped version of the classic mobile phone.

Ex-KNAB officials: there was no reason to end the «oligarchs case»

Former officials of the Corruption Prevention and Combating Bureau believe the prosecutor’s office and KNAB had no reasons to end the so-called oligarchs case. Nevertheless, they are not surprised about this outcome.

Estonia with its start-up visas attracts specialists from Ukraine and India

In January 2017, Estonia introduced a special start-up visa programme, to which 50 specialists have applied, mostly from Ukraine, Belarus, Russia and India.

Credit institutions in Latvia to secure payment accounts for all residents

From now on all residents will be provided with the option to use payment account service in credit institutions, as reported by Saeima press-service.

Oil prices around the world have no unified tendency

Oil prices around the world had no unified tendency in the morning on Tuesday, 21 February. Optimism regarding the ability of oil exporter organizations and oil producer countries to realize the agreement on reduction of oil volumes does remain on the market.

VAT reverse payment proposed for construction sector to combat grey economy

Representatives of the Cabinet of Ministers Grey Economy Combating Council, social and cooperation partners have reviewed the State Institutions’ work plan for limiting grey economy in 2016-2020. 60 specific goals were added to the project plan. Realizing those goals will help reduce grey economy to the average level across the EU by 2020.

Cargo volumes in Estonian ports drop by third January-on-January

The amount of cargoes handled at Estonian ports managed by the state port company Tallinna Sadam has fell by 38.7% comparing January 2017 to January 2016.

Estonian retailer weighing shops’ closure as buyers seek cheaper prices in north Latvia

Coop, the Estonian cooperative retail network, will decide in March on whether to wind up a number of shops, which struggle as excise duty hikes motivate buyers in southern Estonia to seek cheaper prices across the border.