Swedbank and SEB in Estonia reported lower profits in the first quarter of 2026 as declining interest income tied to lower market rates offset continued growth in lending. Swedbank, the commercial bank with the largest market share in Estonia, posted a net profit of EUR 55 million in Estonia in the first three months of…
Estonia may ask the United States for permission to purchase ammunition from other suppliers, the head of Estonia’s parliamentary defense committee Kalev Stoicescu (Eesti 200) has said. The United States has halted ammunition deliveries to Estonia at least until the conflict involving Iran is resolved. Speaking on ERR, Stoicescu said the suspension affected not only…
The Transport Administration plans to thoroughly reconstruct Estonia’s most accident-prone intersection, the Juri roundabout in Rae Parish, so that the Tallinn Ring Road runs straight through it. The Juri interchange is a unique interchange in Estonia, where traffic passes through a large roundabout with a diameter of 390 meters. The Tallinn ring road is interrupted…
The strong mustard-in-a-tube long produced in the central Estonian town of Poltsamaa will end this month after the factory gas been sold. Mustard production is to be moved to a production plant in Latvia and will be marketed under the Felix brand, after parent company Orkla Eesti decided in autumn to sell the Poltsamaa business…
Municipalities will receive EUR 120 million in support for their budgets that has until now been funded directly by the state. For municipalities, this means greater discretion over how the money is spent. Currently, the state gives local governments money in the form of earmarked grants, meaning the money must be used exactly as the…
February tax revenues in Estonia rose by 7.2% YoY, driven by stronger energy consumption, fuel sales and economic activity, even as income tax collections dipped. The state collected EUR 1.18 billion in taxes last month, up by 7.2%, according to the Estonian Tax and Customs Board (MTA). Growth was led by value-added tax (VAT), social…
Estonian agriculture faces a severe workforce crisis if the war in Ukraine ends and Ukrainian refugees return home, local farmer Kalle Hamburg has warned in a recent television interview. Ukrainian refugees who arrived in Estonia after the start of the war made a major contribution to the local agricultural workforce. “If it were to suddenly…