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%…
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…