169,000 tourists used the services of accommodation establishments in January 2014, including 107,000 foreign tourists which increased 11% year on year.
While in 2013 the number of bankruptcies was decreasing, the trend has now changed, writes Äripäev.
Commenting claims that he irresponsible issued more than USD 100m in guarantees as the governor of the Bank of Estonia, Siim Kallas says in an interview to Eesti Päevaleht that he never gambled with the funds of the central bank and that the assets of Bank of Estonia were always safe under his guard.
A group of MEPs has written a letter to European Commission chief Jose Manuel Barroso asking for the resignation of the Estonian commissioner, Siim Kallas, who is leading political negotiations for the Prime Minister post back home, reported EUobserver.
According to Statistics Estonia, the gross domestic product of Estonia in 2013 increased 0.8% compared to the previous year.
In the fourth quarter of 2013 there were 6,400 job vacancies in the enterprises, institutions and organizations of Estonia, a decrease by 3.4 percent compared to the same quarter of 2012 and by a fourth compared to the previous quarter, Statistics Estonia reports.
In January 2014, exports were 20% lower and imports were down 15% at current prices year on year.
Sven Mikser, chairman of Social Democratic Party, told Eesti Päevaleht that SocDems which are negotiating a possible coalition with the Reform Party are determined to reach an agreement.
From June 20, Spain’s largest low-cost carrier Vueling will start direct flights on the Tallinn-Barcelona line, announced Tallinn Airport.
In February, Tallinn Airport served 3.9% more passengers than a year earlier, the first time that its passenger number has increased in the last 15 months, reported ERR.
Estonian national carrier Estonian Air carried close to 70,000 passengers in the first two months of the year which is 8.5% less than a year earlier..
A recent meeting in Tallinn between Rail Baltic representatives in Estonia, Latvia and Lithuania was cut short when the Lithuanian delegation said it had no mandate to discuss a compromise proposal for including Vilnius in the network, reports Eesti Päevaleht
According to Statistics Estonia, the change of the consumer price index in February 2014 was 0.1% compared to January 2014 and 0.6% compared to February of the previous year.
The basket of a household's food staples cost 71.68 euros per person in February in Estonia which is 3.4% more than in February 2013, shows a for monthly food price survey by TNS Emor.
The 10th Annual Purchasing Management Conference will feature top-level speakers from US, Europe and Asia which includes professionals and opinion leaders from Canada, UK, Denmark, Germany, India and Philippines as well as three Estonian speakers. Never before have there been so many purchasing management professionals in Tallinn at one time
Estonia's state-owned energy company Eesti Energia is claiming EUR 9m in damages from Elering, the national transmission system operator Elering, writes Äripäev.
Tallink Grupp said it carried 643,788 passengers in February, which is 1.8% more than in the same month of the previous year.
Estonian businessmen doing business with Russia are skeptical whether trade sanctions against Russia that the EU is currently considering would have the required effect, writes Eesti Päevaleht.
Estonian production of industrial enterprises decreased by 1% in January year on year, according to Statistics Estonia.
Danish-British writer Harald Havsteen-Mikkelsen wrote in Äripäev this week that Estonia will become more successful when its individuals and local companies can look into tomorrow with a safety feeling and with no fear.
Prime Minister Andrus Ansip who handed in his resignation letter to President Toomas Hendrik Ilves yesterday said that he considered his possible successor Siim Kallas the best candidate for head of government.
Estonian Prime Minister Andrus Ansip today announced his resignation today which means that also the whole government will resign.
In January 2014, retail sales in Estonia were up 7% at constant prices year on year, according to Statistics Estonia.
Under Siim Kallas as governor, Estonian central bank Bank of Estonia issued more than USD 100m worth of guarantees for unknown purposes and without the bank having any records of it, according to documents at the disposal of Eesti Päevaleht.
Estonian Prime Minister Andres Ansip said that despite the crisis in Ukraine, Estonia was not in any way under military threat.
Estonian entrepreneurs who have business interests in Ukraine do not believe in an all-out war, but admit that the situation has become very tense, write Äripäev.
Revenue of Estonia's business sector increased 5 percent on year to 12.75 billion euros in the fourth quarter of 2013, Statistics Estonia said.
Estonian business confidence index was 103.7 points in February, slightly declining compared to January, the Estonian Institute of Economic Research (EKI) reports.
Margus Kastein, CEO of Saku Brewery, writes that the big question facing today’s Estonia is how in the ever-globalising world to keep Estonia’s key to success – the national stubbornness - while remaining open and gaining experience.
Siim Kallas who on Saturday was confirmed as the Prime Minister candidate of the Reform Party denied any plans to go into government with Social Democrats, writes Eesti Päevaleht.
Katariina Krjutškova, a journalist of Äripäev’s investigative journalism department, won the Journalist of the Year Award at an award ceremony hosted by the Estonian Newspaper Association on Friday.
Suur-Karja street in Tallinn Old Town that is the town’s party area and home to several popular bars including Nimeta will be patrolled by private security guards over the weekends, reported ERR.
Askembla Growth Fund announced today that has successfully disposed 100% shares in Coral Arendus OÜ, owner of Rocca al Mare Sports Centre, one of the largest tennis and fitness centers in Estonia.
Listed Estonian gaming operator Olympic Entertainment Group (OEG) earned EUR 26.9m in net profit in 2013, up from 25m a year earlier.
Novellist Ülo Mattheus writes in Äripäev that it may seem like a paradox, but Estonia’s key to success and opportunity for the future is in its sparse settlement that creates possibilities to develop activities that need sufficient land and natural resources
Estonian garment group Baltika announced that its net profit for 2013 amounted to EUR 102,000 which is eight times less than a year earlier.
Median gross monthly payment to employees was EUR 730 last year and net payment was EUR 580, according to Estonian Tax Board.
According to Statistics Estonia, in the 4th quarter of 2013, the monthly wages without irregular bonuses and premiums were 7.6% higher than in 4th quarter of 2012.
In January 2014, the producer price index of industrial output in Estonia was 0.2% lower than a year earlier.
The construction of one kilometer of Rail Baltic passenger rail network would cost EUR 4m, according to an estimation of British consultancy Aecom that was unveiled at a Rail Baltic Conference in Tartu held this week, reported ERR.
A new population projection for Estonia shows that if current trends continue, the country will lose nearly 10 percent of its population by 2040, according to a study, carried out by Statistics Estonia.
Although Andrus Ansip claims that everything is well with the government, the latter is anything but united in many issues, especially budgetary issues, writes Eesti Päevaleht.
Half of retailers expect revenues to grow and the barometer of service and industrial companies shows positive signs.
Minister of Economy and vice chairman or IRL, Juhan Parts, says that it is strange that the Prime Minister’s party is forcing the government to resign simply because it wants to win next general elections, writes Postimees.
Äripäev general manager Igor Rõtov writes that the change of government and replacement of Andrus Ansip as Prime Minister with Siim Kallas is a good opportunity to overcome political and economic stagnation.
European Commission has in its winter economic forecast curbed the forecast on Estonia's GDP for 2014 from 3% to 2.3%.
BBC technology correspondent Nigel Cassidy writes that Estonia may be tiny but in tech terms it's a giant and produces more start-ups per head than any other country in Europe.
Lithuanian court has refused the request filed by Air Lituanica to freeze EUR 2.2m in assets of Estonian Air in connection with a legal dispute.
The listed Estonian media holding AS Ekspress Grupp has decided to terminate the activity of its Delfi subsidiary in Ukraine from March 1, 2014.
IRL chairman Urmas Reinsalu says in an interview to Eesti Päevaleht that he does not rule out the possibility that IRL may have to go into opposition for some time.
Estonia’s average inflation for the last 12 months stood at 3.1% which is the highest level in the European Union, reported Eurostat.
Andrus Ansip, Europe’s longest-serving Prime Minister, will resign along with his government on March 4, he announced at a traditional Independence Day speech on the state of affairs of the nation Sunday night, reported ERR.
The Lawyer, a leading international website for the entire legal profession, has named SORAINEN the Baltic Law Firm of the Year 2014 for advising on innovative landmark transactions while maintaining high levels of client service and developing its strategic vision.
In today’s Eesti Päevaleht, journalist Anva Samost who this week announced joining IRL and running for Europarliament, writes that Estonia must have a new goal and become a country where everybody wants to live.
This year’s Bonnier award for investigative journalism went to Dannar Leitmaa and Margus Järv, journalists of Eesti Ekspress, who reported on the vote-buying scheme of Europarliament member Kristiina Ojuland in Reform Party's internal elections, writes Äripäev.
Estonian state-owned energy group Eesti Energia will not build a second oilshale-powered generating unit in its Auvere power plant, reported ERR.
Estonian ports handled altogether 3.97 million tons of cargoes during January, 1.2 percent less than in January 2013, Statistics Estonia said.
A resignation by Andrus Ansip as PM means that the whole government would step down and that new coalition-building negotiations would start, reports ERR:
News portal Delfi reported today that Estonian PM Andrus Ansip will announce his resignation at the end of this week.
The market share of Estonia's biggest seller of electricity Eesti Energia declined in January while that of several sellers coming after Eesti Energia became bigger than a year ago.
Estonian national carrier Estonian Air announced yesteray it had signed an agreement with Vaxjo Smaland Airport in Sweden and will be serving the air route between Vaxjo and Amsterdam with its 76-seater Embraer 170 from May 2014.
Estonian Air has signed a commercial agreement with Växjö Småland Airport in Sweden to serve the air route between Växjö and Amsterdam as from May 2014. Estonian Air will serve the route with 76-seater Embraer 170, and the commercial agreement is valid for one year.
Although Estonia has one of the highest labour taxes in Europe, according to OECD, the government is reluctant to do anything about it and has proposed only cosmetic changes, writes Äripäev.
The police have declared Neinar Seli, chairman of the supervisory board of Port of Tallinn and chairman of the Estonian Olympic Committee, a suspect for violating anti-corruption legislation by participating at a vote in October where Port of Tallinn decided to allocated 250,000 euros to the EOC, writes Eesti Päevaleht.
Russian political analysts and editor in chief of Russia in Global Affairs Magazine, Fjodor Lukjanov, believes that the signing of the border treaty today between Estonia and Russia will do little to improve relations between the two countries, writes ERR.
Ago Teder, CEO of Estover Piimatööstus, a major exporter of Estonian milk products to Russia, told Äripäev that he expects the border treaty that will be signed today to give a boost with trade with Russia.
Unemployment in Estonia grew to 8.7 percent in the fourth quarter, Statistics Estonia reported.
The number of tourists visiting Estonia grew 13 percent last year, mostly due to an increase in the number of Russian tourists, reported ERR.
Political observers believe that the planned switch between Prime Minister Andrus Ansip and European Commissioner Siim Kallas is nothing but a clever scheme to restore Reform Party’s image among the intellectuals and the business community, reported ERR.
The Estonian Taxpayers Association has given Finance Minister Jürgen Ligi the title of the taxpayers’ enemy of the year.
Siim Kallas who may soon be Estonia's next Prime Minister said in an interview to Postimees that he is ready to become Prime Minister, and that he and Andrus Ansip are very different people.
Property developer Miroslav Berezovski who is member of Centre Party is trying to get the local authorities in Pirita to allow him to develop a large vacant property for residential buildings, writes Eesti Päevaleht.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of the telecom service provider Tele2 Eesti fell 32 percent on year from 26 million euros to 17.7 million euros.
Siim Kallas has been always an ace up the Reform Party sleeve and if there ever is a time to play the card, it is now, say political observers, writes Eesti Päevaleht.
A survey made by Äripäev among businessmen on how they view the possibility of Siim Kallas replacing Andrus Ansip as Prime Minister shows that most would like the switch and agree that it would strongly improve the image of the ruling party.
Last year 1.9 million foreign tourists used the services of Estonian accommodation establishments, an increase of 4%.
The new architectural solution of Ülemiste City aims to develop not only new commercial and office buildings in the area, but also apartment buildings, a sports complex, a culture centre, parks, cafes, etc., reported Äripäev..
Tallinna Vesi, the main supplier of public water and wastewater services in Tallinn, is demanding either 17.1% hike in tariffs or EUR 50m from the government in compensation for having frozen water tariffs in 2011, writes Äripäev.
On 1 March, Latvian airline airBaltic will launch a brand new bus service to link its Riga hub with regional centres in Latvia, Estonia and Lithuania. airBaltic Bus will improve the connectivity of regional cities and will give customers better access to the airBaltic network spanning Europe, the Middle East and Russia/CIS.
The likelihood that European Commission vice president and Transport Commissioner Siim Kallas is preparing a comeback into Estonian politics is growing, writes Eesti Päevaleht.
Estonian businesses are moderately optimistic about the economy and believe that fourth-quarter GDP growth was higher than the 0.7 percent in the third quarter, writes Äripäev.
Last year, one in every fifth real estate transaction in Tallinn was made by a foreigner, reported ERR.
Estonian exports fell 2% year on yea rin 2013, while imports decreased 1% at current prices, compared to 2012, according to Statistics Estonia.
In January Estonia's inflation slumped to its lowest level in four years, the central bank reports.
Real estate developer E.L.L. Kinnisvara which belongs to Merko, the largest construction company in the Baltic states, unexpectedly announced on Friday that it will not go ahead with developing the major shopping center project known as Panorama City to be built near Tallinn Song Festival Grounds, reports Äripäev.
After Estonia and Russia sign a border treaty on February 18, the two countries could set up a visa-free zone that would simplify the movement of people living in border areas and revive the local economy, reported ERR.
In January, Estonian consumer price index was 1.1% higher than a year earlier,