Minister of Economic Affairs Kadri Simson (Center) said that her ministry would analyze the potential cost of construction as well as maintenance of a bridge from the Estonian mainland to the islands of Muhu and Saaremaa. Simson said that the cabinet discussed the matter with the businessmen that came out with the most recent proposal…
According to information released by Statistics Estonia on March 29, the turnover of retail trade enterprises in February increased by 3% YoY at constant prices. In February the turnover of retail trade enterprises totaled EUR 495.9 million. The turnover of stores selling manufactured goods increased by 7% compared to February 2017. Turnover increased in five…
The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following…
Latvian airline airBaltic is launching direct flights from Tallinn to London’s Gatwick Airport on March 27. AirBaltic will operate flights from Tallinn to nine destinations this year. Currently the Latvian airline operates direct flights from Tallinn to Riga, Vilnius, Berlin, Vienna, Paris, and Amsterdam, and as of next week will fly to London as well.…
According to a study about the viability of a boat service between Estonia’s largest island and Latvia, commissioned by the NGO Saarte Koostookogu from OU Arenguruum, opening a ferry service would be socio-economically profitable but would rather be unprofitable when carried out only on a commercial basis. The study included analyzing the possibilities of opening…
The Estonian government decided to put the small ferries Abro and Wrango at the disposal of the municipalities of Saaremaa and Viimsi, respectively, for operating connections with small islands. The ferry Abro will be put to use indefinitely by Saaremaa Municipality for operating a ferry connection with the small island of Abruka. As the service…
At a meeting with representatives of the International Monetary Fund (IMF), Prime Minister Juri Ratas (Center) said that Estonia met the objective of medium-term budget balance and according to current plans should reach a balance by the year 2020. At the meeting Ratas introduced the Estonian government’s budget policy as well as activities to support…