Commenting Kristina Narusk, head of the Service Industry Council, said that many countries including most European countries, but also Australia, US and Singapore have had similar program for years.
Enterprise Estonia plans to start attracting foreign specialists for work in Estonia as the country needs 3,500 new specialists until 2019, writes Postimees.
In Q2, average monthly gross wages were 1,023 euros, an increase of 4.8 percent year on year, according to the Wages and Salaries Statistics Survey.
Today, Restaurant Dvigatel, Estonia’s largest restaurant with approximately 1,743 sqm of floor space, opened doors in Ülemiste City business district.
A study of a bank account owned by convicted former Environment Minister Villu Reiljan and his wife Anne Reiljan shows how important business is in politics in Estonia, writes Äripäev in its investigative journalism report.
Estonia's next year's state budget will be up to 5 percent bigger than this year and in nominal deficit but the government is not planning to take on any new loans to cover the budget's expenses, Estonian Prime Minister Taavi Roivas said.
It’s is not yet known how much the upcoming visit of US President Barack Obama will cost Estonia, but according to the Minister of Interior Hannu Pevkur, the amount may exceed half a million euros, writes Postimees.
Speaking at the conference "Are Estonian wages growing too fast or too slowly?", Tartu University economics professor Raul Eamets recommended a comprehensive analysis of the current taxation system.
Businessman Indrek Neivelt said that Estonian employers were only interested in making a profit instead of looking further into the future.
Yesterday the Estonian Central Union of Trade Unions hosted a conference “Are wages growing too slowly or too fast in Estonia?”, writes Eesti Päevaleht.
Swedbank has lowered its forecast of Estonia's economic growth in 2014 by 1 percentage point to 0.8 percent.
Valdis Dombrovskis is one of the top candidates to succeed Herman van Rompuy as head of the European Council, writes Eesti Päevaleht.
Latvian national carrier airBaltic said its first-half net profit for 14 million euros, up from a loss of 12 million euros in the first half 2013.
Estonia is planning to set up a network of so-called digital embassies to make sure that its vital data is safe as part of the national cyber protection strategy, writes Postimees.
UAB Merko statyba, a company of the listed AS Merko Ehitus group, and VsI Tarptautine Amerikos mokykla Vilniuje signed a contract on Aug. 20 under which Merko will build the sports hall of the American International School of Vilnius.
State-owned Port of Tallinn reported that its seven-month net profit amounted to 25.7m euros, an increase of 22% year on year.
Estonian-based Eften Real Estate Fund has acquired Nordic Technology Park business and industrial property in Riga for 20 million euros, reported Äripäev.
Tallinn City Court yesterday started to hear a lawsuit where a controversial businessman Marko Kalev who is suspected of tax fraud in fuel trading is claiming a total of 12,000 euros from opposition politician Eerik-Niiles Kross, writes Äripäev.
National carrier Estonian Air said yesterday it ended last year with a loss o 8.1 million euros.
Petri Nikkilä will replace Andreas Laane as head of the Estonian operation of Nordea from September 1.
Estonia’s economy should grow 2.5 percent in 2014 and 3 percent in 2015, Moody's Investors Service said in its update on Estonia published this week.
Estonian Air CEO said ahead of announcement of the airline’s second-quarter results that they are roughly the same as last year, but not meeting the company's expectations.
Four Russian manufacturers that were planning to invest in Narva industrial park have frozen their investment plans for several plans in connection with the Ukraine crisis, reports ERR.
A new international survey of children funded by the Swiss-based Jacobs Foundation shows that Estonian children whose parents are working abroad feeling more miserable than their counterparts, writes Eesti Päevaleht.
As a country, Estonia is trapped in the group of medium-income countries where only a few have managed to break out, said ex-banker Indrek Neivelt at the Opinion Festival held last weekend in Paide, writes Äripäev.
Retail price of food products increased 58% in Estonia in the last ten years, from May 2004 to May 2014, according to Eurostat.In the EU, food prices were up only 27% over the same time.
Christian Mihr, head of the German unit of Reporters Without Borders (RWB), says that information that Estonia may be among the states that is using the infamous FinFisher surveillance software raises concerns.
It’s now been a year since Robbie Williams performed in Tallinn to 60,000 people in his „Robbie Williams: Live In Tallinn” concert, but the DVD which was ordered to be made as part of Estonia’s new marketing campaign is not yet ready, writes Eesti Päevaleht.
Estonian Air will take over a slot vacated by Flybe and start
Budget airline Wizz Air is considering plans to add Tallinn to its destinations, according to its chief commercial officer Gyorgy Abran, reported ERR this week.
Eesti Päevaleht writes that recent leaks from the customer support database of Gamma Group, the UK-based developer of FinFisher (aka FinSpy), one of the world’s most powerful surveillance software systems, show that the system is being used also in Estonia, most probably by police or intelligence agencies.
According to the new ranking by Freedom House, Estonia is second only to Slovenia in its democratic development among former Communist countries in Central and Eastern Europe and the former Soviet Union, reports ERR.
Sports Direct International plc, a British retailing giant that is known for its low margins, will open its first store on 1,600 sqm in Tallinn in Ülemiste Shopping Centre at the end of October, writes Äripäev. Remi Aare, Baltic area manager of Sports Direct, said that the store will be offering same prices as in UK.Guido Pärnits, board member of Ülemiste Shopping Centre, said that the company took advantage of the fact that the mall was expanding, becoming the anchor tenant in the newly-built section.„While many retailers are trying to add e-commerce to their retail business, Sports Direct is supporting its e-commerce with physical stores,” said Pärnits.
The closure of an assembly plant of PKC Eesti in Haapsalu, employing 347 people, has triggered a wave of accusations some of which are targeted at the government and Finance Minister Jürgen Ligi, in particular, writes Eesti Päevaleht.
The new owner of the Tõlluste manor house located in Saaremaa is the Estonian subsidiary of Natura Siberica, a Russian-owned natural cosmetics brands, writes Meie Maa.
Estonian food producers admit that they did not expect Russia to impose a total ban on food imports from EU and say this is equivalent to declaring a trade war, writes Äripäev.
Estonian consumer prices in July were 0.2 percent lower than in June and 0.4 percent lower than in July 2013.
In July, the number of passengers served by Tallinn Airport was up by 6.8 percent year-on-year, to 211,916, almost all of them travelling on international flights.
In July 2014, Estonian Air carried altogether 55 445 passengers, an increase of 9.1% compared to the same month last year when Estonian Air carried 50 806 passengers. In July Estonian Air operated 967 flights, an increase of 12.1%.
Merko Ehitus reported revenue of EUR 64.8 million in the second quarter and EUR 113.7 million for the first six months of 2014.
International manufacturer of wire harnesses PKC Group that has two plants in Estonia in Keila and Haapsalu announced that it is going to close down its plant in Haapsalu by the end of this year.
Moscow is slapping a ban on EU-imported fruit and vegetables and food from the US in retaliation for western economic sanctions, reported EUobserver.
Äripäev’s editor in chief Meelis Mandel writes that these are both exciting and terrible times when because no-one knows what is going to happen.
Listed Estonian shipper Tallink Grupp announced yesterday that it carried 1,092,180 passengers in July, which is 3 percent less than a year earlier, writes Äripäev.
Russian companies that have been planning to invest in Estonia this year are mostly postponing investment plans, says Teet Kuusmik, CEO of Ida-Virumaa Tööstusalade Arendus, a company that is developing industrial parks in Northeast Estonia.
In June, Estonia posted the largest decrease in industrial producer prices at 6.6 percent year on year, according to Eurostat.
The ambitious plan that is backed by Finnish businessmen and is being promoted by leading IRL politician Eerik-Niiles Kross to build Europe’s largest data warehouse in Estonia raises doubts, writes Delovye Vedomosti.
Swissôtel Tallinn has won three categories in the 21st annual World Travel Awards.
Eesti Päevaleht writes that Centre Party’s MP Olga Sõtnik not only owes about 260,000 euros in debt, but has also taken a 5,500 euro instant loan.
According to Estonian Institute of Economic Research (EKI), real wages in Estonia have increased 279% since 1993.
Erkki Raasuke, CEO of Estonian-owned banking group LHV, has been appointed member of the supervisory board of Eesti Energia, Estonia’s state-owned energy group.
While in its early days, Skype - the symbol of Estonia’s information technology capacity - was attracting information technology professionals as a magnet, its attraction has recently been erodin, writes Eesti Päevaleht..
Estonian businessman Olav Miil who is mainly known for owning the ferries that operate between mainland Estonia, Saaremaa and Hiiumaa has built up an extensive real estate empire and is developing a 30-storey highrise building in Tallinn, writes Eesti Päevaleht.
In June the producer price index of Estonia's industrial output was 3.1 percent lower than in June 2013, Statistics Estonia said.
Estonian national carrier Estonian Air said that it will continue to operate its Tallinn-Kiev route on schedule and that no changes will be made in connection with the crash of Boeing 777 that belonged to Malaysian Airlines on Thursday.
In Estonia, Swedbank earned 80.3m euros in net profit in the first half-year.
Estonian listed ferry group Tallink and Bridgemans Services Ltd. have entered into a charter agreement to charter Tallink's cruise ferry Silja Europa to Australia from August2014 as an accommodation vessel.
Lithuanian Competition Council has cleared the acquisition of 100 percent of the shares in the investment bank Finasta and its subsidiaries Finasta Asset Management and the brokerage firm Finasta by Mokilizingas, a leasing company owned by the Estonian LHV Pank and its Lithuanian partner RAZFin.
Mayor of Tallinn Edgar Savisaar said this week that he has no plans to repay the money that according to the committee on oversight of funding of political parties is taxpayer funds which Savisaar used for his private election campaign, writes Postimees.
In May 2014 exports of goods in Estonia decreased by 9 percent and imports by 4 percent at current prices year on year, reported Statistics Estonia.
The Estonian government on Thursday decided to appeal the decision of the European Commission to not pay out 425,000 euros to the state from the European fisheries fund.
The ruling Reform Party raised almost 583,000 euros in the second quarter, of which donations of private persons amounted to 138,000 euros.
Eerik-Niiles Kross, one of the leaders of opposition party IRL and an outspoken critic of corruption, has been advising several oil and fuel traders who are now being investigated for tax fraud, writes Äripäev.
In its newly-published economic outlook the Estonian Institute of Economic Research (EKI) lowered its estimate of Estonia's GDP growth in 2014 to only 1 percent.
After closing parts of Pärnu maantee, Tallinn has now closed half the lanes of Narva maantee, meaning that two out of the three largest roads going in and out of Tallinn are partially closed, reports ERR.
The Economist magasine wrote that former Estonian Prime Minister Andrus Ansip is a serious candidate to replace Herman Van Rompuy as the President of the European Council, as the current frontrunners are not acceptable to some parties, reports ERR.
WoraPay, a mobile payment system developed in Lithuania, is set to expand to July on July 14 in two sales outlets in Kristiine and Rocca al Mare shopping centres, writes Äripäev.
Estonian law firms warn that while the number of bankruptcies in general continues to decrease, the number of bankruptcies made in bad faith where the owners have depleted the company of any valuable assets by the time it is declared bankrupt, is growing, writes Äripäev.
Estonian shipper Tallink said it carried 897,478 passengers in June, which is 1.3 percent less than in the same month in 2013.
Estonian Economy Minister Urve Palo writes in Äripäev that one of the most important things that she learned in her first 100 days as minister was that it’s not only about major issues such as the economy’s structure that deserve attention.
At the time when the European Commission is still considering the legality of aid given by Estonian state to Estonian Air, the airline has one less worry, writes Postimees.
Portuguese national carrier TAP Portugal will start flying between Lisbon and Tallinn today.
The production of Estonian industrial enterprises grew 2 percent year on year in May, with increases recorded in manufacturing as well as mining and the energy sector, the national statistics agency reports.
Postimees writes that one new thing that Estonia’s Prime Minister Taavi Rõivas who is celebrating its 100th day in office today has given to Estonia was salesmanship and constant media coverage, with a focus on social media.
The supervisory board of Enterprise Estonia (EAS) on Wednesday appointed Hanno Tomberg as new head of the business support agency, write Postimees.
Estonia’s honorary consuls are taking part in the seventh conference of honorary consuls in Tallinn.
Finnish power group Fortum has acquired E.ON Ruhrgas International GmbH's shareholding of 33.66% in the Estonian natural gas import, sales and distribution company Eesti Gaas, reported Fortum.
Estonian tax authority has recently been checking construction sites of private houses in Tallinn, writes Äripäev.
European transport commissioner Siim Kallas, 65, says in an interview to Äripäev that he is proud of Estonia because Estonia has a good image in Europe as a country that is innovative and makes things happen, but warns that economically, the country must move forward as otherwise it would run out of steam.
There has recently been a surge of Finns bringing back drink from Estonia as Finland is introducing new limits on how much tax-free alcohol passengers can bring into the country, reports YLE.
The government of Jordan has approved the oil shale project managed by the Estonian state-owned energy company Eesti Energia.
The Supreme Court ruled this week to uphold the ruling in which the district court find a number of ex-politicians and businessmen guilty in the long-running land swap affair.
Retail sales increased 4% at constant prices in May year on year, according to Statistics Estonia.
In the first five months, 3.1 billion euros of revenue was paid into Estonia's state budget.
Estonian logistics company AS Transiidikeskus will this week open the extension of its container terminal at Muuga Port.
Technopolis Ülemiste has signed a contract with Sodexo, the worldwide leader in Quality of Life Services, for operating the new restaurant that will be opened in Ülemiste City in September.
One of Tallinn's landmark hotels -
Whereas manufacturers that are exporting to Scandinavia are suffering from falling demand, those exporting to Western Europe feel themselves more confidently, shows a survey by Estonian Institute of Market Research EKI.