A bill has exited the Ministry of Defense that would grant Estonian defense industry businesses the right to handle military weapons and munitions. The plan is to grant businesses the right to transport, store, repair, alter and manufacture military weapons, ammunition, ordnance and other goods associated with military weapons, the Ministry of Defense said in…
The Ministry of Economic Affairs and Communications has submitted a proposal to the government to support the state-owned railway infrastructure company Estonian Railways with EUR 8 million from the Rail Baltic railway project and road management in order to maintain the budgetary balance of infrastructure companies. Estonian Railways must be supported as, according to the…
Linda Line, which operates the high-speed catamaran Karolin between Tallinn and Helsinki, has canceled all September 4 departures from both capital cities due to bad weather conditions on the Gulf of Finland. Linda Line, which operates under the Linda Line Express brand, has a policy of canceling departures due to conditions involving wind speeds in…
Latvian and Lithuanian trade union leaders visiting Estonia last week were given an in-depth overview by Estonian colleagues of employees’ issues related to the creation of Luminor, a new Baltic bank, by the merger of the Baltic operations of DNB and Nordea. “Since we will have a Baltic bank in the new Luminor Bank, its…
Finnish carrier Finnair has announced that it will add 17 weekly flights to the Helsinki-Tallinn service in the summer 2018 season, flying up to ten trips between the two capitals a day. In addition, Finnair will add three new destinations and capacity to its popular long-haul destinations. Up to three additional departures per day will…
Estonia continued to be a net saver, and the country’s economy was not about to overheat, Tonu Palm, chief economist at Nordea, said in his comments on the reported 5.7% GDP growth. “The economy’s rapid growth stems from a low reference base in a situation where there has been underinvestment for years. Loan growth is…
The combined power plant in Paide now has a new liquid natural gas (LNG) boiler unit to cover peak-time demand. The plant usually burns wood chips, but so far depended on an old fuel oil boiler for peak-time production. Eesti Energia’s renewable energy subsidiary, Enefit Taastuvenergia, announced that the change would allow them to finally…