Estonian government this week signed a contract to borrow 200 million euros from European Investment Bank (EIB), reported ERR.
Today’s Äripäev writes about Rain Rosimannus, 46, probably the most powerful people in the Reform Party.
City Government has commissioned a 30-second video greeting which shows Mayor Edgar Savisaar iceskating in the new Tondiraba ice-skating ring in the Superman’s costume, writes Eesti Päevaleht.
The European Parliament on Wednesday did not support a resolution relating to the quality of petrol and diesel fuels, meaning that the situation remains favorable for producing motor fuel from oil shale in Estonia.
Estonian Air has announced that it will operate flights to Vienna in the summer season of 2015 and extend the period during which flights are operated between Tallinn and Munich until October 2015.
In 2013, the GDP of Estonia at current prices was 18.7 billion euros which makes 14,218 euros per capita, said Statistics Estonia.
In the third quarter of 2014 the housing affordability index declined in Tallinn compared to the same period of the previous year, Swedbank's Baltic Housing Affordability Index shows.
According to the Tax and Customs Board, the introduction of compulsory registration of employees that became effective in July
Several prominent Estonian businessmen have in recent years incorporated some of their businesses under a parent company registered in Luxembourg to take advantage of the tax system, writes Äripäev.
Lobbying by Estonian government and shale oil producers could end in vain if the European Parliament votes to ban a key piece of draft legislation, writes ERR.
Estonian chemical group Viru Keemia Grupp (VKG) will cut 76 jobs in connection with the shutdown of two refineries in Northeast Estonia.
The government has approved an agreement between Estonia and the European IT agency EU-LISA, regarding the construction of its new headquarters in Tallinn.
Estonian investigative journalism TV show Pealtnägija (Eyewitness) reported yesterday that a prominent family of politicians were involved in a scheme where EU aid earmarked for rehabilitation of drug addicts was embezzled.
Estonia's 2015 state budget passed its third and final reading in the Parliament on Wednesday. Revenues are estimated to be 8.45 billion euros, expenditure a slightly higher 8.54 billion euros. Public sector wages, pensions and child support benefits will rise, while taxes will be reduced.
Igor Rõtov, CEO of Äripäev, writes that although general elections are approaching and Estonian political parties have started their campaigns, politics lacks bright ideas and visions.
Estonia has become a founding member of D5 which brings together the world’s most digitally advanced governments, reported ERR.
Steve Jurvetson, US venture capitalist with Estonian roots, and his colleague Tim Draper from prestigious US venture capital firm Draper Fisher Jurvetson (DFJ) became first US citizens who are also Estonian e-residents.
Postimees writes today that Oleg Ossinovski, Estonia’s richest businessman, is earning his millions from a company which he co-owns with Russia’s wealthiest businessmen.
Estonian state collected 478 million euros in taxes in November, marking an increase of 10.3 percent year on year.
According to Statistics Estonia, the gross domestic product increased 2.2% in the 3rd quarter of 2014 year on year.
Centre Party-led Tallinn City Government continues to buy programming from Pervyi Baltiiski Kanal (PBK), Estonia’s most popular Russian-language TV channel, writes Eesti Päevaleht.
Former Finance Minister MP Jürgen Ligi (Reform Party) says that he fails to see how e-residency program will bring money to the Estonian state.
Estonian chemical group Viru Keemia Grupp (VKG) announced yesterday it had decided to shut down two of its so-called Kiviter refineries because of the sharp drop in global oil prices and high price of oilshale that it buys in Estonia from state-owned Eesti Energia.
Deputy secretary general of the Ministry of Interior Erkki Koort says that if the e-residency project that became available today is successful, it will pose major challenges for Estonia.
Estonia's industrial production grew for the seventh consecutive month in October, albeit at a slower pace, figures from Statistics Estonia showed.
Centre Party chairman Edgar Savisaar writes in Eesti Päevaleht that the government’s inactivity and incapacity has put several large state enterprises at risk of going bankrupt.
Estonian dairy industry has no hope to sell its surplus milk or milk powder to the vast Chinese market because the high-level reception that Estonian leaders gave to Dalai Lama, writes Eesti Päevaleht.
Estonian business news site www.aripaev.ee reported today that it has found a website that allows to search unlisted personal mobile phone numbers with full names of their owners including that of the Estonian PM Taavi Rõivas.
The court has found businessman Ivo Voor guilty of masterminding a fraud scheme in which he frauded 50,000 euros out of PRIA, the Estonian agency that hands out EU farming aid.
The 1.77 percent productivity of assets of banks operating in Estonia is the biggest in the whole European Union, the daily Postimees reports.
Äripäev writes in its editorial that Taavi Kotka, the chief architect of e-residency is right saying that e-residency is only a key and that Estonia must offer a house to the key.
EU commissioner for digital affairs Gunter Oettinger who a few weeks ago reportedly said that he is taking no orders from his boss in the European Commission, Estonia’s Andrus Ansip, has now angered Paris by doubting the French reform drive, writes Delfi.
The government has decided that it will give 4 million euros to the National Broadcasting Company ERR to produce 20 hours of Russian-language programming a week.
Estonian distillery Moe has found itself in the middle of a brandname dispute brought by LVMH, French producer of luxury products.
Writer Jan Kaus writes in Äripäev that Social Democrats have already taken flak for harnessing Estonia’s literary greats to their election bandwagon.
Oil transit company Vopak E.O.S. is ready to build an LNG terminal at the port of Muuga and has initiated environmental impact assessment procedure, writes Postimees.
Ahti Asmann, CEO of Estonian Railways, says that the splitting of the company into separate freight business and infrastructure business two years ago has increased costs.
Postimees writes in its editorial that although the President will declare the 2015 general elections only on January 21, two months in advance, most parliamentary parties have already kicked off their election campaigns.
MP Imre Sooäär suggests to start translating the current programming of ETV into the Russian language. Sooäär says that digital television technology offers all the functionality that one needs for that.
The government is preparing to lend national carrier Estonian Air another 12.1 million euros as the final part of a loan granted earlier.
Estonian national carrier was entitled to terminate the agreement with Air Lituanica, a Lithuanian airline, according to Stockholm Court of Arbitration.
RB Rail, the joint venture of Estonia, Latvia and Lithuania for the development of Rail Baltic railway was registered in Latvian last week.
A group of local businessmen from Saaremaa including property developer Tullio Liblik is planning to build a large conference centre in Kuressaare, the island’s largest town, writes Eesti Päevaleht.
Tallinn City Government plans to allocate another 300,000 euros in taxpayer funds to the foundation that is preparing to set up a municipal bank.
The first annual Baltic M&A and Private Equity Awards were presented on 6 November at the Baltic M&A and Private Equity Forum organised by law firm SORAINEN together with Äripäev, Dienas Bizness and Verslo Žinios.
The hike in environmental fees that the Estonian government is planning is likely to make the construction of the Rail Baltic railway line much more expensive, writes Postimees.
Estonian government plans to clear 136 kilometres of border area in Southeast Estonia from forest and bushes, but has not yet started negotiations with private landowners, writes ERR.
As of Nov. 23 the national flagship carrier Estonian Air is to fly 13 times a week on the Tallinn-Vilnius route instead of the nine times it flies at present.
Members of the parliamentary finance committee who represent different political parties confirm that their parties are open to the ideas of reforming Estonia’s taxation.
Russia has launched a new international multimedia information agency Sputnik that plans to broadcast in 30 languages including Estonian and Latvian.
The gross domestic product of Estonia increased 2.1 percent in the third quarter of 2014 compared to the same quarter of 2013, a flash estimate published by Statistics Estonia today shows.
Estonian Air carried 51,224 passengers in October, 15.3 percent more than in the same month last year.
According to Statistics Estonia, the number of both foreign and domestic tourists who stayed in accommodation establishments in September increased.
Estonian exports increased by 7% and imports by 9% at current prices in September year on year, according to Statistics Estonia.
Greek carrier Aegean Airlines will launch direct flights between Tallinn and Athens next June.
Estonian Air has introduced a flight pass among its ticket offering to woo passengers who study or work abroad and travel a lot by plane between a particular destination and home.
According to the latest EU economic growth report of the European Commission, Lithuania will see the fastest growth in the Baltics in 2014 and 2015.
Ruta Arumäe, macroanalyst of SEB Bank in Estonia, will become the new economic
In annual comparison, Estonia's retail sales grew second-fastest in EU in September at 9.1%, reporter Eurostat.
Prime Minister Taavi Rõivas today nominated Keit-Pentus Rosimannus, currently the Minister of the Environment, as the candidate for Minister of Foreign Affairs.
EU unemployment rate was 10.1 percent in September and the euro area seasonally-adjusted employment rate was 11.5 percent, according to Eurostat.
The European Commission expects the Estonian economy to grow 2 percent next year, down from the spring forecast of 3 percent, the Finance Ministry said.
Ain Hanschmidt, CEO of Infortar that last week said that it is willing to acquire the majority stake in Estonian Air, said that it was realistic to make Estonian Air a profitable business by 2016.
Retail sales of goods by Estonian retail trade enterprises grew by 6 percent year on year at constant prices in September, Statistics Estonia reports.
Maris Lauri will today give an oath of office in front of the Parliament and become Estonia’s next Finance Minister.
Infortar Grupp, a major shareholder in the listed shipper Tallink Grupp, announced yesterday that it was willing to buy Estonian national carrier Estonian Air.
Andres Keevallik, Rector of Tallinn University of Technology (TUT), said yesterday that he is going to leave his post after a traffic accident late Tuesday in which he was found to have been driving under the influence of alcohol, writes Postimees.
Estonia was ranked 17th out of 189 economies by ease of doing business, according to the World Bank report Doing Business 2015.
Estonian Air has signed a cooperation agreement with tour operators Novatours and TEZ Tour to increase its share on the market of charter flights. According to the agreement Estonian Air will operate flights to Turkey and Croatia in 2015.
Tallinn Airport is among the best airports in Europe, based on the overall airport experience determined by travellers who had taken the site’s 2014 airport survey, wrote Estonian News.
Victoria, the Crown Princess of Sweden, in visiting Tallinn today for the award ceremony of the enterprise competition Swedish Business Award 2014.
The Reform Party yesterday nominated Maris Lauri, former chief analyst of Swedbank in Estonia, for the post of Minister of Finance after the resignation of Jürgen Ligi, writes ERR.
Yesterday afternoon a 15-year-old student killed 56-year-old German language teacher Ene Sarapik in a school shooting in the South Estonian town of Viljandi.
Political analyst Tõnis Saarts says that Ligi’s decision to resign is a prececent among Reform Party’s ministers because he did it because of his words and not his deeds.
Estonian Finance Minister Jürgen Ligi said on Sunday he will resign in the interest of resolving a government crisis, reported Eesti Päevaleht.
More and more Lithuanian businessmen have decided to register holding companies in Estonia. According to experts, the reasons are Estonia’s stable tax system and zero income tax on reinvested profits, writes Äripäev.
Finance Minister Jürgen Ligi has again made headlines, but this time it may cost him his job, writes Äripäev.
Estonia and Finland are coming to an agreement over building a gas pipeline between the two countries and on building a LNG terminal in both Estonia and Finland.
Columnist Jaano Martin Ots writes in Äripäev that the e-residency that Estonia is shortly offering foreigners should be a means in the movement towards something called borderless e-Estonia.
Several large IT companies in Estonia say that the wages in the IT sector are being fuelled by one company – logistics company Kühne + Nagel, more specifically by its IT development centre that is based in Estonia.
Victoria, the Crown Princess of Sweden, will visit Tallinn on October 28 for the award ceremony of the enterprise competition Swedish Business Award 2014.
The changed security situation in the Baltic Sea region means that the two countries must intensify cooperation, the new Swedish Prime Minister Stefan Löfven said yesterday in Tallinn.
The Keila city government that is controlled by the Reform Party is downplaying the fact that the town is heavily indebted, writes Äripäev.
Äripäev writes in the editorial that it’s understandable that Estonia’s chemical industry is worried about growing environmental fees at the time when oil prices have been falling.
Äripäev writes that the chancellor of law Indrek Teder is looking into whether the restriction that allows only family doctors to be shareholders in family doctor centres is constitutional.
At the end of 2013 Estonia had the lowest government debt measured as a ratio to gross domestic product (GDP) in the European Union and the smallest government sector deficit, data published by Eurostat show.
Baltic Property Fund II, a fund managed by Swedish property investor East Capital, has accquired the centrally located Metro Plaza office building from Lords LB Baltic Fund I for 21.8 million euros.
Yesterday the Estonian Parliament passed a bill that sets out the legal basis for the issuance of a digital identity to persons who are not Estonian citizens or residents of Estonia.
EU states decided to uphold sanctions on Russia and to better co-ordinate their response to the Ebola crisis at a meeting of foreign ministers in Luxembourg on Monday, reported EUobserver.
Kilvar Kessler, head of the Estonian Financial Supervisory Authority (FI), says in an inteview to Dagens Industri that although housing prices in Estonia are growing rapidly, the real risk is the Swedish market.