Estonian investment company Martinson Trigon sold 100% of its Lithuania portfolio company Hostex to Baltic Data Centre, a subsidiary of Lithuanian telecom giant TEO LT, for an undisclosed sum.
Jean-Claude Trichet , president of the European Central Bank, said yesterday in Frankfurt that preparations for Estonia's accession into the eurozone were on track, writes Äripäev.COMMENTS (9)
Two Estonian architects Indrek Allmann and Joel Kopli have won an international architectural contest for designing Mariott Hotel Riga.COMMENTS (25)
Estonia has EU's third-highest unemployment among people younger than 25 years of age with 37.5% unemployed. Latvia was second-worst with 39% based on the second quarter.COMMENTS (13)
Yevgeni Bolshakov of Belitex Invest that now owns Kalvi Manor House said that claims that Kalvi will be closed for the public were untrue.
A list of proposals to the state that the Estonian Employers' Confederation unveiled yesterday have already drawn criticism from most parliamentary parties and trade unions, writes aripaev.ee.COMMENTS (7)
Estonian ports handled 3.9 million tons of cargo in July that is 13% more than a year earlier. This has come as a surprise also for many in the logistics business.COMMENTS (3)
Estonian average monthly gross wages rose an annual 1.2 percent in the second quarter to 12,869 kroons (822 euros), Statistics Estonia said today.COMMENTS (12)
Total retail trade turnover in July decreased 2% from a year ago by working (trade) day adjusted data at constant prices, according to the data of Central Statistical Bureau.
International business community expects Estonia to quickly bring its unemployment down to below 10%, says Aivar Rehe, CEO of Sampo Pank in Estonia.COMMENTS (8)
Renault F1 team has signed a sponsorship contract with the Lithuanian Snoras Bank. COMMENTS (6)
A price survey conducted in August by consumer protection authorities found major variations in taxi tariffs in Tallinn.COMMENTS (17)
Economic crisis in the Baltic states has begun to ease, IMF said.COMMENTS (8)
The accident in Tallinn Airport yesterday where the gear of a cargo aircraft operated by Polish carrier Exin collapsed during the takeoff, sending the plane to its belly skidding more than a kilometre, may have been human error, according to a source in Exin.COMMENTS (2)
The Estonian economy will grow 2% this year, according to the latest forecast released by the ministry of finance today.COMMENTS (14)
Seasonally adjusted industrial new orders increased 61.2% in Latvia in June year on year, 2nd biggest increase in the EU. Estonia posted 49.2% and Lithuania 19.1% growth.
Tallinn Airport was closed for flights between 8 pm and 11 pm on Wednesday, August 25 after the landing gear of a cargo aircraft broke during takeoff and fell to its belly. There was a crew of four persons in the plane, none of them was hurt during the accident, reported aripaev.eeCOMMENTS (5)
Ain Hanschmidt says that Estonian businessmen have good business ethics. COMMENTS (19)
There must be stricter fiscal rules in the euro region and sanctions for failing to implement them to prevent future crises, says Estonia’s central bank governor Andres Lipstok.COMMENTS (20)
Estonian exports grew 7% in June year on year, but imports were up 22% at current prices compared to June 2009, Statistics Estonia announced today. The trade deficit was 1.8 billion kroons.COMMENTS (7)
Mart Saa, board member of Estonia's largest real estate developer Arco Vara, says that the demand for housing has reached pre-boom times four years ago. COMMENTS (15)
In a Newsweek ranking of living conditions, Estonia was 32nd, Lithuania was 34th and Latvia was 36th. Finland was on top.COMMENTS (81)
Tallinn has emerged as the cheapest place for a family among the three Baltic capitals, according a the Diena daily that compared the cost of living in Tallinn, Riga and Vilnius. According to the survey, family life in Tallinn is slightly cheaper than in Riga, while Vilnius is slightly more expensive, wrote The Baltic Course with reference to LETA.
Estonia has one of the largest shadow economies, according to a survey by economist Friedrich Schneider from Austria's University of Linz that covered 37 countries. COMMENTS (23)
In the second quarter the Estonian economy resumed annual growth after two and half years. According to the flash estimate of Statistics Estonia, GDP rose 3.5 percent from the second quarter of 2009, compared with a contraction of 2 percent in the first three months of this year. COMMENTS (17)
Estonia that in July formally received confirmation from the EU that it will be admitted to the eurozone at the beginning of next year is stubbornly failing to comply with the predictions of currency crises, is already seeing a resumption of growth and a fall in its real cost of capital, John Dizard writes in today's FT.com. COMMENTS (128)
According to a new Big Mac index published by The Economist this week, the Estonian kroon is 30% undervalued against the US dollar. A year earlier the kroon was 20% undervalued.COMMENTS (19)
Estonian economy may grow 3.6% on average next year through 2020 thanks to a favorable business environment, the Economist Intelligence Unit said.COMMENTS (26)