The Competition Authority of Estonia released a conclusion that the cost of electricity distribution services of electric grid operator Elektrilevi was not adjusted to their current costs and should be lowered by 6.7%. Because network charges make up 50-55% of the consumer price of electricity, the price of electricity for the average consumer should drop…
Estonian Maritime Administration continues its work on a push to attract shipping firms to register their ships in Estonia by offering e-registration and a reduced tax burden. Even though the Maritime Administration has been working out the plan for more than four years, progress could be reached after Estonian Prime Minister Juri Ratas announced that…
Lenders in Estonia are continuing to build a common positive credit rating register to enable banks and creditors assess the ability of upcoming clients to repay their debts. “Things are currently in the programming phase”, Alar Jager, development director at AS Creditinfo explained. “This is a project with an open deadline, so to speak, because…
Over the first nine months of 2016 purchase prices have slightly recovered with farmers being able to sell milk 2.5% higher and pork – 9% higher, the Estonian Rural Affairs Ministry found in a survey. The ministry’s Deputy Secretary General for Agricultural and Rural Life Policies Marko Goran evaluates: “The low ebb of the milk…
The members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax. The proposals adopted by 55 votes for and 37 against cancel the 0.5% cut in…
Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported. They plan to start the upgrade in spring 2017. Brest Waste Recycling Factory has been operating since November 2010, providing sewage water treatment and recycling solid…
Nordica airline, which was founded in 2015 by the Estonian state, released on December 15, the estimate that it would transport about 400,000 passengers in its first full year of operation. The company’s communications manager Piret Sauter said that over the last few months, Nordica had transported more passengers than any other airline at Tallinn…