Executives of All Nippon Airways (ANA) are studying ways to improve air connections and engage in cooperation with Estonian Air, according to Estonia's Minister of Foreign Trade and Entrepreneurship Anne Sulling who is currently on a visit in Japan.
After a five-month hiatus, ferry service between the Port of Sillamae in Northeast Estonia and the Russian port of Ust-Luga has been re-opened, reported ERR.
The lowest ratios of government debt to gross domestic product at the end of the third quarter of 2014 were recorded in Estonia at 10.5 percent, Luxembourg (22.9 percent) and Bulgaria (23.6 percent), it appears from figures released by Eurostat, the statistical office of the European Union.
Gert Jostov, CEO of Technopolis Ülemiste, writes in Äripäev that the rapid swing of Estonian parliamentary parties to the left, judging on their election promises, is the biggest threat at present to Estonia’s economic sustainability.
Majority of businessmen interviewed by Äripäev say they approve the proposals made by Mart Laar, especially about reducing election spending and the number of officials, writes Äripäev.
Mart Laar, ex-PM and current supervisory board chairman of Estonian central bank, has come up with his own ideas of what kind of reforms Estonia needs, writes Äripäev.
The producer price index of Estonia's industrial output in December was 1.6 percent lower than in December 2013, Statistics Estonia said.
Äripäev CEO Igor Rõtov writes in Äripäev that he has changed his opinion on Reform Party within a month now that PM Taavi Rõivas has come out with a big narrative for Estonia.
Marek Helm, director-general of the Tax Boad, says that, finally, the tax authority has the means to fight shadow economy, writes Postimees.
Oversight committee on funding of political parties has issued a precept to Centre Party chairman and Mayor of Tallinn Edgar Savisaar, demanding that he repays 113,000 euros in taxpayer funds used to pay for Savisaar’s ads ahead of local elections in 2013, writes Postimees.
European Bank for Reconstruction and Development (EBRD) has lowered GDP growth forecasts of all Baltic countries for this year, reported ERR.
EfTEN Real Estate Fund, a Baltic commercial real estate fund, recorded 14,4 million euros in sales revenue in 2014 based on preliminary unaudited financial results, showing a 43% increase compared to the previous year. Net profits in the previous year were 15,1 million euros, showing a 49% increase.
Estonian Finance Ministry representatives say that the Estonian distillery Liviko has no reason to blame the state alcohol excise duty policy for its workforce cuts, reported ERR.
Tax Board has been enquiring Tallinn City Government about some foreign trips made by Mayor Edgar Savisaar, reported Äripäev.
In December registered unemployment in Estonia increased to 4.3 percent of the working-age population.
One of Estonia’s largest industrial groups BLRT Group has changed its management board effective from January 12, announced the company.
Estonia must become a New Nordic Country, ie a world leader in terms of personal and economic freedoms, a country with a Nordic standard of living and level of safety, while being socially and technologically more dynamic and flexible than the "old" Nordic countries, Prime Minister Taavi Roivas said at the Reform Party convention on Saturday.
Estonian Prime Minister Taavi Roivas has highlighted two key issues facing Estonia’s economy at present – too high labor taxes and tax burden borne by low income earners, reported ERR.
According to Statistics Estonia, in November 2014, exports of goods decreased by 1% and imports by 3% at current prices compared to November 2013. The decrease in exports was mostly influenced by the reduced exports of agricultural products and food preparations and mechanical appliances to Russia.
The Estonian government on Thursday decided to terminate the selloff of the 51 percent of shares held by the government in the cloud, media and network service provider Levira.
Businessman Indrek Neivelt said today at an event organised by IRL that Estonia’s problems start with management and that Reform Party was a case in point.
There was a 20% annual decrease in the number of Russian tourists visiting Estonia and stayed in accommodation establishments in November.
Manned additional guards were stationed today in the editorial offices of Delfi and Eesti Päevaleht in response of threatening phone calls received in the Russian-language editorial office of Delfi.
The Estonian state owned rail cargo operator EVR Cargo carried 15.76 million tons of goods in 2014, 0.85 percent or 135,000 tons less than the year before.
Parliament is reading the draft act of public transport which would create a possibility for regulating taxi tariffs, writes Eesti Päevaleht.
Opposition in the Tallinn City Council says it is outrageous that Tallinn City Government used taxpayer funds to pay for the Christmas video greeting of the Tallinn City Government in which a person resembling Savisaar is skating around, writes Eesti Päevaleht.
Estonian Air carried 553,147 passengers during 2014, an increase of 0.4 percent over the preceding year.
Mart and Martin Helme, leaders of the Estonian Conservative People’s Party, say that time for change is now and say they have a plan of taking Estonia out of the current stagnation.
Former Finance Minister Jürgen Ligi says that the first reports of the new transaction declaration system where companies must report purchase and sale transactions in excess of 1,000 euros are very encouraging and that must come as a huge disappointment for critics.
Eight people were injured yesterday afternoon in an accident at the Auvere Power Plant that is being developed by French group Alstom, reported ERR.
Estonian businessman Indrek Kuivallik has gone to court against the Latvian state, and is claiming 51 million euros in compensation for his investments, writes Äripäev.
The Estonian Tax and Customs Board claims that it has been able to expose new fraud schemes thanks to the obligation to declare transactions in excess of 1,000 euros, writes Äripäev.
Businessman Ott Pärna writes in Äripäev that three major obstacles facing Estonia are lack of economic growth, simple economic structure and wages that are about three times lower than in developing countries.
Estonia was ranked 11th in the 2014 press freedom index, the same place as it had a year ago, reported ERR with reference to Reporters Without Borders.
Tallink Grupp carried 682,455 passengers in December which is 6.5 percent less than a year earlier.
Most Estonian businesses say that their biggest expectations for the new year is that the government stops worsening the tax environment, writes Äripäev.
Estonia's retail sales growth slowed in November, after accelerating in the previous month, figures from Statistics Estonia showed Monday.
In the first 11 months of this year 7.08 billion euros of revenue was paid into Estonia's state budget, the Finance Ministry said.
On December 27 charter airline Smartlynx launched the airline's longest direct flight from Tallinn to Dubai.
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.