A nuclear power plant could be on-line and functioning in northeastern Estonia a decade from now, according to one private sector nuclear energy firm. The plant would likely be the new small nuclear reactors (SMR) type, which are currently under development in other parts of the world – none are as yet on-line. While the…
According to data provided by Statistics Estonia, the consumer price index (CPI) increased by 2.7% between May and June and by 21.9% compared with June 2021. Both goods and services were more expensive this June than during the same month last year, with a rise of 17.9% and 29.7% respectively. Viktoria Trasanov, leading analyst at…
Shipping line Tallink has leased its Victoria I cruise vessel to the Scottish government. The ship will be used for temporary accommodation. The lease, concluded with a company representing the Government of Scotland runs for six months, starting on July 8, with an option for a three-month extension, Tallink says. The MS Victoria I has…
According to data provided by Statistics Estonia, in May the total production of industrial enterprises increased by 4.8% at constant prices in comparison to May 2021. Output increased in all three industrial sectors, with manufacturing growing by 2.2%, electricity production by 34.2% and a 25.5% rise in mining. Helle Bunder, analyst at Statistics Estonia, said…
Estonia and Latvia are jointly to procure mid-range air defense systems following an agreement at the NATO Madrid Summit. Defense minister Kalle Laanet (Reform) and his Latvian counterpart Artis Pabriks signed a letter of intent while in the Spanish capital, which would create a legal framework for the systems’ joint procurement. Laanet said: “The NATO…
The largest industries in Estonia, which also happen to be the country’s largest energy consumers, are seeking to reduce costs in the face of record high energy prices, realizing that the power market does not support consumers during energy shortages. Even before the energy crisis, Estonian Cell, one of the country’s largest energy consumers and…
A third subsea cable will be built between Estonia and Finland to secure the supply of the Baltic Sea region’s electricity market, grid operators Fingrid and Elering announce. The pair signed a letter of intent and would now begin planning the construction of the connection. EstLink 3 will have an estimated capacity of between 700…