CEO of Estonian ferry company Tallink Grupp Paavo Nogene has voiced his opposition to the “tourism tax” proposed by Tallinn City Council chief Mihhail Kolvart, on the grounds that it would cause too many difficulties in the sector. Kolvart announced his support for a small tourism tax, which could potentially bring in millions of euros,…
One third of Estonian residents rate their economic situation as good or very good, and as many as 90% consider it to be at least satisfactory, according to the results of a recent survey conducted by Kantar Emor. Of Southern Estonian residents, however, one in five, including 16% of pensioners, consider their economic situation to…
In the first seven months of 2018 Estonian ports handled 21.1 million tons of cargo, up by 2.7% YoY, according to the data provided by Statistics Estonia. The loading of goods increased by 5.2% YoY, to 14.5 million tons, while unloading declined by 2.2%, to 6.6 million tons. Goods loaded onto ships in July amounted…
TLG Hotell OU, subsidiary of the publicly-listed Estonian shipping group Tallink Grupp, has commenced expansion and refurbishment work to the Tallink Spa & Conference Hotel and Tallink Express Hotel at Sadama 9, in the immediate vicinity of passenger ferry terminal A. A fifth level is to be added to the Tallink Express Hotel (“the express…
The assets of Versobank, currently under liquidation, exceed its known liabilities, and all bank deposits will be compensated in full, the bank’s liquidators said. To date, over EUR 177 million have been paid out to the depositors. “In June and ahead of the due date, we decided to compensate to all customers the deposits and…
According to information released by Statistics Estonia on August 9, in June the exports of goods increased by 17% and imports by 18% YoY. The growth in trade was affected the most by increased trade in mineral products. In the first half of 2018 the exports of goods increased by 10% and imports by 8%.…
According to Transaviabaltika, the airline serving flights between the Western Estonian islands of Saaremaa and Hiiumaa and the mainland, the average load factor of flights on the Kuressaare route was over 90%, while the load factor exceeded 60% on the Kardla route. According to airline spokesperson Rene Must, last month’s hot summer weather and a…