A total of 275,000 passengers passed through Lennart Meri Tallinn Airport in May, up by 16% YoY. In an increase of 15% on year, since the beginning of the year, Tallinn Airport has served more than 1 million passengers. “Our summer season has had a great start, and a lot of the growth has come…
Pulp mill developer Est-For Invest board members Aadu Polli and Margus Kohava want the planned EUR 1-billion mill to be built near the town of Tabivere. According to Est-For, the mill should be built in a forest near the town of Tabivere, located 21 km from Central Tartu. “Located deep in the forest, the mill…
Estonia was the only country in the EU in which unemployment grew in April, increasing from 5.3% to 5.6%. Overall unemployment in the EU remained at 7.1% compared to March and fell by 0.7% compared to April 2017, it can be seen from data released by Eurostat. In the eurozone, employment decreased by 0.1% MoM…
According to information released by Statistics Estonia on May 30, this April the turnover of retail trade enterprises increased by 1% YoY at constant prices, totaling EUR 560.4 million. The turnover of stores selling manufactured goods increased by 7%. Turnover increased in most economic activities, except in stores selling second-hand goods and in non-store retail…
Lindaliini AS, a company operating under the Linda Line Express brand, which used to operate a fast catamaran connection between Tallinn and Helsinki, expects to resume operations on the route by the end of June. Linda Line CEO Enn Rohula said that the company expected to conclude an agreement on the purchase of a new…
The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue at close to 3.5% in the medium term, but noted that the biggest threat to this outlook was wage pressure not accompanied by growth in productivity. According to the IMF, external risks for Estonia are balanced…
According to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of…