While Estonian state-owned rail cargo operator EVR Cargo has estimated this spring that it would finish the year with a profit, the company now says that this will not be the case after all. The cargo operator’s October and November net profit totaled EUR 719,000. Due to low goods volumes during the previous three quarters…
A bill of amendments to the Alcohol Act and Advertising Act set to further restrict Estonia’s alcohol policy, which passed the first reading in the Riigikogu in March, has since been eased significantly in the Riigikogu. “We removed square meters of the size of the stores from the bill, and the new wording is that…
Port of Tallinn has won the Green Port/Terminal of the Year Award by the DPC Innovation Awards 2017. The award spotlights a port or terminal that has demonstrated an active and innovative response to the preservation and promotion of wildlife, reduction in air emissions, water quality, treatment of soils/sediments, community engagement and sustainability. Port of…
Estonia’s GDP increased by 4.2% YoY in the third quarter of 2017, Statistics Estonia reported on November 30. In the third quarter, the GDP at current prices was EUR 5.8 billion. The seasonally and working-day adjusted GDP remained at the same level compared to the second quarter of 2017 (with growth of 0.3%), but grew…
The congregation of Rakvere’s Karmel Church is planning to replace its current building with a new one, to include a gym, a cafe, and a sauna. According to the congregation’s pastor, Gunnar Kotiesen, they are building a new church because the current one dating back to 1933 is in bad condition, and also too small.…
Profits of Estonia’s business sector totaled EUR 787 million in the third quarter, indicating an 8% drop YoY. Sales, meanwhile, increased by 10%, to EUR 13.9 billion, Statistics Estonia reported. Compared to the third quarter of 2016, total profits decreased in most economic activities. Construction, agricultural and manufacturing businesses contributed the most to the total…
While those discussing establishing a direct ferry link between Saaremaa and Latvia have had in mind reestablishing service between Montu and Ventspils, others familiar with the tourism industry find that only a direct link with the Latvian capital of Riga would ensure a significant boost in revenue for the island. Saaremaa Municipality hopes to find…