Estonian Riigikogu adopted an amendment to the country’s Aliens Act to simplify the settling of foreigners in Estonia that could make a contribution to the local economy, especially people working in the field of information and communication technology. Andres Metsoja, member of the Pro Patria and Res Publica Union’ faction, said that the objective of…
Over the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by 1%. Statisticians evaluate that the key factors behind this have been more expensive fuel, alcohol and tobacco. Compared to November 2015 last month goods were 1.2%…
As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…
Nine representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government protesting against a planned excise tax hike on natural gas. “During the next four years, the gas excise tax will increase so much that energy-intensive industries will lose out on almost the entire leading edge that the fall in…
During the first two years of its e-residency project, which provides foreigners with the opportunity to register companies in Estonia and use other e-state services, Estonia already has 15,000 e-residents who have established more than 1,000 businesses. The President of Estonia stressed the importance of the program in introducing Estonia to the world. According to…
In January-October the Port of Tallinn handled 17.01 million tons of cargo (-11%, YoY). According to the Port Authorities, transshipment of containers dropped by 4.9% to 167,780 TEUs. Transshipment of loose bulk cargo increased by 25.3% to 3.03 million tons, liquid bulk cargo dropped by 25.8% to 8.29 million tons, general cargo – by 4.2%…
Enefit Energiatootmine AS (fully owned subsidiary of Eesti Energia Group) has reached a settlement with GE (including Alstom Estonia AS, GE Power Sp.z o.o and Alstom Power Systems) regarding the new Auvere power plant. The plant was due to be handed over to Eesti Energia by GE in November 2015 but acceptance has been delayed…