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Tuesday 25.06.2019 | Name days: Maiga, Milija

Estonian start-ups aim at USA

Several Estonian start-up businesses hope to repeat the success story of the famous technologies company Skype by trying to attract American investors interest.

Estonia among the safest countries in the world

If you are searching for a way to avoid any natural disasters, you should consider moving to Estonia, as this northern neighbour of Latvia ranks among the five countries least vulnerable towards natural catastrophes.

Estonian kroons to be disposed at Tallinn dump

Estonian kroons will be disposed at Tallinn landfill in correspondance with each and every ecological requirement, according to the Central Bank.

Fuel gains claim Estonian drivers additional 450 euro

Due to the rapid fuel price gains over the last two years, an average Estonian family driving more than 40 kilometres per day has lost nearly 450 euro. Fuel prices are fluctuating slowly and consumers do not feel sharp changes at once.

600 tons of Estonian kroons still in circulation

Kroons totalling 600 tons are still in circulation in Estonia, moreover, most of the money is unlikely to be brought to banks, accoridng to Estonian Banking Association.

2.5 million euros allocated for Estonian fishladders

The Environmental Investment Center allocated 2.5 million euros to be divided up by four projects that will help preserve fishing populations in Estonia.

Estonian Air replacing planes; flights from Tallin to Minsk and Vilnius halted

The national carrier Estonian Air is replacing both of its Saab 340 twin-engine propeller aircraft with larger, turbo prop planes. As a result, flights from Tallinn to Vilnius and Minsk will be halted for several months.

Growing Nordic countries interest in Estonia’s real estate

While Poland is mainly attracting the so-called new European Union member countries' real estate investors, Estonia continues to be the destination of Nordic countries’ investors, says Olev Mait Makk, the partner of Estonian property group Seven Real Estate Advisors.

Businesses in Estonia can refuse to accept euro cash

The Consumer Protection Board of Estonia has written a letter of concern to the Ministry of Economics over a new regulation, adopted after the euro changover, that gives businesses the right to refuse to accept euro cash.

Head of Farmers Union in Estonia warns: milk prices to rise again

The average price of a liter of milk is likely to rise substantially by summer, the president of the Central Union of Estonian Farmers, Juhan Särgava, has said. Price of raw milk paid to the farmers in the country would probably increase by 15 percent by May.

Prices for new apartments in Estonia slowly rising

The average price of new apartments in Estonia has seen a modest rise since autumn, the real estate broker City24 has found. As of March 18, the asking price for new apartments was 1,408 euros per square meter, three percent more than it was at this time last year.

Finns to hire Latvian doctors

The Estonian medical personnel company SPCDoktor has won a tender, obtaining a contract stipulating that the Finnish government will employ six Estonian doctors, who are to work in Finland’s city Jyväskylä clinics. Instead, it was found out that five out of six contracted doctors were from Latvia, not Estonia.

Russian tourists help Estonia’s hotels recover from crisis

The growing number of tourists from Russia is facilitating Estonia’s local hotels survival, and gives hope – one day the industry will be able to increase service prices.

Estonia’s budget loses 45.5 million kroon due to envelop wages

After ending investigation of 745 detected cases, when employees' salaries were paid in envelopes, it was found that in 2010 the Estonian Treasury has missed out 45.5 million kroon (LVL 2.04 mln).

Prices in Estonia surge faster than European ones

Spiking global prices of fuel and food added to the climbing prices in February, but still, prices in Estonia are surging at a faster pace than in Europe in total, according to economic expert of the Development Fund of Estonia Heidi Vitsura.

Estonia’s retail sales down 2% in January

This year in January, the volume of Estonia’s retail trade sales edged down 2%, compared with the indicators a year before, according to Statistics Estonia’ data.

Estonian businessmen fight against shadow economy

Black market is not profitable, because businessmen lose money due to unfair competition. Realizing that, businessmen themselves take part in fighting the shadow economy, according to the experts Sven Kirsipuu and Sören Meius.

Estonia eases restrictions for EU citizens and companies to purchase land

Starting from May 1, Estonia is doing away with yet another restriction for foreigners to purchase land. Foreigners will be allowed to buy land plot larger than ten hectares near the Estonian border without asking for permission from the county's governor.

Estonians do not think of profit when saving money

Among Estonians, who are able to save up money by regularly putting aside part of the salary, 38% keep their savings on a bank account used for every-day expenses, while 24% stock up cash.

Estonia aims at joining TOP5 richest European countries by 2020

In order to attain the goal, set by the Estonian Prime Minister Andrus Ansip, to enter the list of Europe’s top 5 richest countries by 2020, Estonia’s average GDP growth rate should be at least 8%.

Estonia to introduce progressive income tax

Progressive income tax could be introduced in Estonia as a result of certain conditions, however it is not advisable to do it rapidly, local and foreign economy experts say.

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