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Saturday 18.08.2018 | Name days: Liene, Helēna, Elena, Ellena, Liena
EstoniaEstonia

Estonia registers the smallest trade deficit

In May 2011, if comparing to the same month in 2010, exports spiked 53% and imports - 44% at current prices, according to Statistics Estonia.

Foreigners spending hundreds of millions on Estonia’s real estates

During the last year, foreign buyers spent 96.4 million euro (LVL 66.3 mln) on properties in Estonia, making a total of more than 3.1 thousand transactions.

Eesti Energia refuses to talk about tariff raise

Estonia’s state energy company Eesti Energia is currently refusing to provide information about tariff increase, which is intended in early 2012.

Fitch raises Estonia’s credit rating to A+

The international rating agency Fitch Rating has upgraded Estonia's credit rating to A+, in view of the country’s strong economic growth and sound financial system.

Estonians convinced their financial situation will worsen within a year

Majority or 67.6% of Estonia’s residents are sure that after a year their financial situation will be worse than the current one.

No drivers licence needed in Estonia from July 1

Starting from Friday, July 1, a law comes into force in Estonia, enabling car drivers to leave their driving license and technical certificate at home. The only condition – drivers must carry with them a personal identity document.

Estonian millionaire buys a flight to Space

By paying 200 000 dollars (LVL 98 400), the Estonian millionaire Raivo Hein from Saaremaa purchased a ticket for a three-hour space flight.

Tallinn taxis required air conditioners from July 2011

Starting from July 1, this year, new requirements for taxis are entering into force, stipulating that all vehicles must be equipped with air conditioners.

Estonian businessmen: Saeima dissolution might attract investors to Latvia

Estonian entrepreneurs operating in Latvia are hoping the referendum on the Saeima dissolution and discussions about oligarchs’ influence on politics will make the Latvian economy more transparent and facilitate attraction of foreign investors.

Actual salary keeps dropping in Estonia

Despite gross salary started to climb last year after a year-long drop, the actual remuneration, which includes price gains and characterises the purchasing power, is shrinking already for the second year in a row.

airBaltic passenger turnover grows 10%

In May 2011, the Latvian national airline airBaltic flew 326 204 passengers from Riga, Vilnius and Tallinn, thus, outdoing May 2010 performance by 10% (295 809 passengers).

Euro may slow down Estonian export

A strong argument for the euro introduction was stability ensured by the single European currency, however, Henley Business School lecturers claim the euro can harm successful Estonian exports.

Estonian growth rates speed up

In the first quarter of 2011, Estonian gross domestic product (GDP) expanded 8.5%, compared to the same period a year ago. Moreover, the country's economic growth rates have been accelerating already since the second quarter of 2010.

Expert: food price surge is unstoppable

It is not possible to stop food product prices from gaining or adjust them on a national level, admits the Estonian Agriculture Minister Helir-Valdor Seeder, adding that the European Union is not doing this and neither will Estonia.

Annual inflation in Estonia – 5.4%

Compared to April, the Consumer Price Index was up 0.1% in May 2011, while compared to the same period last year – up 5.4%.

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