A new complex of high rises is planned for the plot opposite the Olumpia hotel in Tallinn’s city center. Architect Martin Aunin’s winning project will soon be in the works for detailed planning and permits, with the beginning of construction set for the year 2020. The complex will include three office buildings with one high…
Consumer prices increased by an average 3.4% in 2017 compared to 2016. They were influenced the most by food products and non-alcoholic beverages, which made up two fifths of the increase, Statistics Estonia reported on January 8. The price of milk, dairy products, and eggs increased by 10.4% YoY, accounting for the single indicator that…
Estonian state-owned cargo rail operator AS EVR Cargo and railway worker and railroad engineer trade unions have signed a one-year extension of their collective agreement. “I thank trade union chairmen Oleg Tsubarov and Raivo Romm as well as representatives for their contributions to the success of collective agreement extension talks,” EVR Cargo CEO Raul Toomsalu…
Prime Minister Juri Ratas said no new taxes would be implemented next year, but added that he would like to increase the quota of workforce coming from outside the European Union. “I do not think it right to make new decisions concerning the tax policy a year before the end of this composition of the…
Tallink Grupp says it uses proceeds from the sale of Superfast VII and Superfast VIII for early repayment of loans. Loan taken to finance the purchase of vessel Baltic Princess in 2008 was prepaid on December 22. Loan taken to finance the purchase of vessel Isabelle in 2013 will be prepaid this week. Total amount…
Wind farms belonging to Enefit Green, the renewable energy arm of the Estonian state-owned energy group Eesti Energia, produced more electric energy in the first 11 months of 2017 than in all of 2016. Output from the four wind farms owned by Enefit Green totaled 190 gigawatt-hours, exceeding its 2016 total of 185.5 gigawatt-hours. 190…
The Riigikogu has adopted the 2018 State Budget Act, according to which Estonia’s state budget will exceed EUR 10 billion for the first time. The budget was passed in the 101-seat chamber in the third and final reading with a 55-41 vote. The size of expenditures and investments set out by the budget is EUR…