The queue for the ferry connecting Saaremaa to the Estonian mainland via the smaller island of Muhu stretched to nearly a kilometer in length approaching Kuivastu, with wait times reaching up to three hours. Since the beginning of June ferry operator TS Laevad served the highest number of passengers and vehicles on July 20-22, transporting…
Consolis Group, a holding of US investment company Bain Capital, announced on August 6 the signing of a purchase agreement with Estonia’s TMB Group, a producer of concrete elements in the Baltic countries and Finland. The transaction will be subject to regulatory approvals. The closing of the transaction is expected by early 2019, TMB and…
A total of 1,223,901 passengers traveled aboard Tallink Grupp-owned vessels in July, indicating a 1.3% increase YoY, as well as setting a new all-time record for number of passengers transported in one month. In addition to the increase in the number of passengers in July, the number of cargo units transported by the group and…
Travelers on Elron’s railway network west of Tallinn will have to change from trains to buses between Paaskula and Keila this weekend. The interruption is caused by scheduled maintenance and repair work that will continue well into August, with replacement buses scheduled later on in the month as well. The temporary changes affect all travelers…
Estonia needs several times more foreign workers than are currently entering the country, Toomas Luman, president of the Estonian Chamber of Commerce and Industry and chairman of the supervisory board of listed construction company Nordecon, declared. “Currently we have problems with unregistered Ukrainian construction workers on construction sites,” Luman said. “We predicted a long time…
Tallinn Mayor Taavi Aas (Centre) has said that the proposed Reidi Road (Reidi Tee) in central Tallinn has more supporters than opponents. The new road, which is planned to service the Tallinn harbor area and is to run along the seafront towards the Russalka Monument in Kadriorg, has drawn criticism from environmentalists and others. However,…
According to information released by Statistics Estonia, the construction price index of the second quarter increased by 0.3% QoQ and by 2% YoY. In the second quarter, compared to the same quarter last year, the construction price index was affected primarily by an increase in the cost of labor, which accounted for three quarters of…