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Saturday 21.07.2018 | Name days: Meldra, Meldris, Melisa

Estonian professor: Estonia could abandon cash

Estonia could use the transition to the euro to transfer to cashless system, believes Tartu University Professor of Economics Raul Eamets.

Lithuania shows Estonians how to make use of IKEA

Lithuania's furniture industry has once again taught a lesson to Estonia of how to make use of such giant clients as IKEA also during the crisis period. Out of 30 main Baltics suppliers to IKEA, the major part is taken up by Lithuania, while Estonia supplies a very little share.

EU and IMF could grant 90 billion euro to Ireland

The amount of financial assistance for Ireland, which has been affected by the world economic crisis, could reach 80 – 90 billion euro.

Estonian economist: Latvia should not rush to join eurozone

Estonia has been too quick in joining the eurozone, so it is to become one of the poorest countries in the «community» of rich ones, therefore Latvia should not rush with joining the eurozone, says Tallinn University professor Ivar Raig.

EU trade balance deficit – 11.7 billion euro

The European Union balance of trade has reached 11.7 billion euro deficit, compared to the September of 2009, when the budget deficit was 10.5 billion euro, indicate Eurostat data.

China to form 24% of 2030 world output

China economy will surpass the United States by 2030, forming 24% of the world output.

Majority of Estonians – against joining the eurozone

Majority of the Estonian population does not support the introduction of the euro, shows the social and marketing research company Saar Poll data.

Global mobile phones sales increase by 35% in 2010

During the third quarter of 2010, 417 million mobile phones have been sold throughout the world – 35% more than during the third quarter last year, indicates the technology analyst company Gartner data.

Estonian Public Prosecutor searches Rimi offices on suspicion of conspiracy

Estonian competition authorities have searched Rimi offices on suspicion of cartel agreements aiming to increase dairy prices.

Estonia’s economy grows by 4.7%

During the third quarter of 2010, the Estonian economy has increased by 4.7%, indicates the Estonian Statistical Bureau data.

Estonia reports 11% tourism turnover growth

In nine months of 2010, 1.9 million foreign and local tourists stayed at accommodation establishments in Estonia, which is 11% more than in the exact period of 2009.

Estonian export grows by 40% within a year

September this year, goods exported from Estonia accounted for 13.2 billion kroon (LVL 592 680 000), but imported ones– for 13.5 billion kroon (LVL 606 150 000). September 2008 was the last time Estonia exported such volume of goods.