Tallinn public transportation company Tallinna Linnatranspordi AS (TLT) is to begin testing the fully electric Solaris Urbino 12 Electric bus in the capital city on August 15. “Solaris Urbino 12 Electric is the factory’s prototype bus, which will be used for introducing the technological solution of a fully electric bus as well as assessing its…
In the coming months inflation should be around 3% in Estonia as a result of external factors and tax changes, said Kristjan Pungas, analyst at the Ministry of Finance’s Fiscal Policy Department. In March, price levels in Estonia and the eurozone in general were influenced by the increase of energy prices slowing down. “At the…
State-owned Estonian airline Nordica carried a total of 41,200 passengers in March in cooperation with strategic partner LOT Polish Airlines, an increase of 57% YoY. During the first three months of 2017, the airline carried over 107,100 passengers, a 67% YoY. Nordica operated 786 regular flights in March, 20% more than in March 2016, to…
In January-March, the Port of Tallinn handled 5 million tons of cargo, down by 5% YoY. According to the Port Authorities, passenger traffic via the port grew by 1%, to 1.92 million people (the growth was driven mostly by the passenger flow between Tallinn and Helsinki). Cargo transshipment decline is attributed to reduced handling of…
According to the Swedbank Economic Outlook released on April 6, the bank has left the 2017 GDP growth forecast for Estonia at 2.2%, while unemployment is expected to increase to 7.6% this year. According to the bank’s forecast, Estonia’s GDP is expected to grow by 2.2% this year and by 2.8% next year. Household consumption…
During the Cabinet meeting on April 5, the Estonian government endorsed changes to the State Budget Act, according to which drawing up budgets with a temporary structural deficit of 0.5% of GDP annually would be allowed in the future. According to the new rules, the structural balance of the state budget would be tracked as…
On January 24, Port of Tallinn’s Supervisory Board got an overview of the company’s activity and preliminary performance results for 2016, according to which Port of Tallinn’s cargo flow decreased by 10%, number of passengers increased by 4%, total revenue amounted to EUR 111 million and operating profit to EUR 49 million. According to preliminary…