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…
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%…