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Wednesday 26.06.2019 | Name days: Inguna, Inguns, Ausma, Ausmis
EstoniaEstonia

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.

Germany admires Estonia’s ability to handle euro

In view of Europe facing debt burden and problems with the euro, rating agencies are paying more attention to many European countries. Meanwhile, Estonia has not debt and its ratings are getting better.

Estonian guest workers earned 203 million euro abroad last year

In 2010, Estonia’s residents temporarily working abroad earned around 203 million euro (LVL 143 mln), according to the Estonian central bank Eesti Pank estimates.

Tourists: prices in Tallinn are too high!

Tourists visiting Estonia’s capital Tallinn are often shocked about the local price level, indicates the survey by Eesti Päevaleht.

IMF wants over 200 million euro from Estonia

In addition to hundreds of millions of euros Estonia is set to pay to EU bailout funds, it also needs to make impressive contributions to the International Monetary Fund. The current agreement provides Estonia is to invest more than 200 million euro in the IMF.

Estonia’s import surges 33% in June

In June 2011, Estonia’s import at current prices hit one billion euro – a rise of 33% year-on-year, according to Statistics Estonia. In the first half of 2011, imports went up 49% in annual terms.

Estonian exports up 54% in June

Estonian exports grew 54% during the first half of this year, compared to a year earlier.

Inflation hits 5.2% in Estonia

Compared to June, the consumer price index in July grew 0.5% in July 2011, while the registered inflation amounted to 5.2%, indicates Peeter Luikmel, economist at Estonia’s central bank.

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