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Wednesday 21.11.2018 | Name days: Andis, Zeltīte
EstoniaEstonia

Estonia continues work on its digital currency

As Estonia is considering the introduction of a virtual currency, it is looking into three models of its future electronic money, dubbed patriotically the «estcoin».

Terrorism, not Russia considered larger threat in Estonia

Estonians believe terrorism is a larger threat to security than Russia's actions, stated Estonian Defence Minister Jüri Luik at the Tallinn’s International Centre for Defence and Security.

Meat processing giant sees room for growth in ready-to-eat foods

Consumption in the meat market segment of ready-to-eat foods is growing quickly, evaluated Finnish meat processing group HKScan that is planning to invest eight million euros in its factory in Estonia.

Estonian budget passed with 0.25 billion-euro deficit

The Estonian Riigikogu with 55 votes against 41 has passed the country’s 2018 state budget bill planning to spend by 0.25 billion more than it is planned to earn.

Estonian military receives anti-tank missiles, bought with U.S. funding

The Estonian military has acquired another lot of missiles for the American-made man-portable Javelin antitank system bought with U.S. money allocated for supporting European defence measures.

Estonian entrepreneur in Russia convicted to 12 years in prison

A court in Russia has convicted an Estonian aviation technology entrepreneur to a 12-year prison term in a high-security prison, Russian media report.

Estonia urges banks to make lightning-speed payments available to their clients

Bank of Estonia has urged other lenders to follow SEB in introducing the new international inter-bank payment system of instant payments and to make the system available to their clients within a year.

African Union enters e-governance cooperation agreement with Estonia

As part of the joint summit of the European Union and the African Union in Côte d'Ivoire, Estonia has signed cooperation agreements with the African Union and Mauritius on the advancement of e-governance.

Estonian GDP up 4.2% on year in Q3 2017

Estonia's gross domestic product grew 4.2% from July to September in 2017 compared to the respective period last year, the Baltic country's statisticians have estimated.

Estonian Citizen of 2017 stands for granting citizenship to stateless people

The title of Estonia’s Citizen of the Year has been on Monday given to social businessman Rasmus Rask, who has subsequently suggested for the Baltic state to grant citizenship to its tens of thousands of stateless persons, who have not passed the tests needed for acquiring the citizenship.

Estonian ship guards in India acquitted after four years in prison

Fourteen ship guards from Estonia have been acquitted by a court in India after they have spent four years in prison in the Southern Asian country. A total of 35 men imprisoned in India were on Monday, November 27, acquitted of illegally possessing firearms while entering Indian waters on the board of an anti-piracy ship in 2013.

Cash used in less than half of payments in Estonia, ECB survey finds

Less than a half, 48%, of all money transactions performed at points of sale in Estonia in 2016 were done with cash, a survey by the European Central Bank suggested.

Polish shipbuilder accused of bribing Port of Tallinn management

A senior executive of Remontowa Shipbuilding, a Polish shipbuilding company, is facing accusations of handing large bribes to former senior figures Port of Tallinn, the Estonian state-owned port operator.

Estonian town tempts population to reregister with spa in Latvia and 100 euro payment

The town of Keila, located 25 kilometres away from Tallinn, has started a one-and-a-half month campaign to motivate its residents to register back in the town as many of them have registered in the Estonian capital, which grants free public transport to its population.

Estonia’s ruling Centre Party shows door to 31 competing members

The leadership of Estonia's Center Party has accepted the proposals of the party's local branches on fellow members, who ran in the Estonian municipal elections this autumn from a separate list, and expelled 31 members from the political party.

Estonia to pour into Finnish-Estonian cultural fund 700 000 euros

Estonian cabinet of ministers has decided to attribute 700,000 euros to the Finno-Estonian Cultural Fund, an organisation working since 2015 aimed at fostering cooperation between the two states in culture, creative economy and training both for individuals and organizations.

Kaljulaid sees African opportunities to outplace EU in digitalisation

During a visit to Ethiopia, Estonian President Kersti Kaljulaid has discussed African-EU relations with the African Commissioner for Trade and Industry and recommended investing into digital development that would be beneficial for the continent itself.

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