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Saturday 22.02.2020 | Name days: Rigonda, Adrians, Ārija

Estonian PACE candidate loses to Frenchman

Chairman of the Parliamentary Assembly of the Council of Europe (PACE) has been elected in France, Strasbourg.

Estonians to pay more for electricity

Estonian Competition Council has approved changes to the electric tariffs agreement concluded by the Estonian electronic transmissions administration company Elering. It means that electricity tariff will climb from January 2012.

Reinert: Estonia might be the last country to replace national currency with euro

Latvians lack sound national confidence, says the world-famous Norwegian economist Erik Reinert, whose book How Rich Countries Got Rich… and Why Poor Countries Stay Poor is about to be published also in Latvian.

Estonia - eurozone leader in shadow economy

Estonian shadow economy is the biggest among the eurozone member states. Estimates show that shadow economy in Estonia could hit 28.6% of GDP this year, compared to 29.3% in 2010.

Bank of Latvia: Estonians have better financial logics

Estonian budget policy of the past ten years shows that, unlike Latvia, Estonians have always had good financial logics. They always spend only what has been earned so that they do not need to borrow, says Olegs Tkachev, Bank of Latvia economist.

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.

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