There is not enough time left to perform dredging in Rukki Channel, located off the coast of Western Estonia’s Laane County on the sea lane between the mainland and the island of Hiiumaa before summer, the Estonian Maritime Administration announced. Estonian Maritime Administration Director General Rene Arikas said that even if the Ministry of the…
AS Tallink Grupp has published its statistics for March and the first quarter of the financial year. In March AS Tallink Grupp transported 715786 passengers, down by 1.2% YoY. The number of cargo units decreased by 0.3%, to 31879 units, while the number of passenger vehicles increased by 1.4%, to 80768 units in the same…
Minister of Economic Affairs Kadri Simson (Center) said that her ministry would analyze the potential cost of construction as well as maintenance of a bridge from the Estonian mainland to the islands of Muhu and Saaremaa. Simson said that the cabinet discussed the matter with the businessmen that came out with the most recent proposal…
According to information released by Statistics Estonia on March 29, the turnover of retail trade enterprises in February increased by 3% YoY at constant prices. In February the turnover of retail trade enterprises totaled EUR 495.9 million. The turnover of stores selling manufactured goods increased by 7% compared to February 2017. Turnover increased in five…
The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following…
Latvian airline airBaltic is launching direct flights from Tallinn to London’s Gatwick Airport on March 27. AirBaltic will operate flights from Tallinn to nine destinations this year. Currently the Latvian airline operates direct flights from Tallinn to Riga, Vilnius, Berlin, Vienna, Paris, and Amsterdam, and as of next week will fly to London as well.…
According to a study about the viability of a boat service between Estonia’s largest island and Latvia, commissioned by the NGO Saarte Koostookogu from OU Arenguruum, opening a ferry service would be socio-economically profitable but would rather be unprofitable when carried out only on a commercial basis. The study included analyzing the possibilities of opening…