A newly purchased vessel will cut seaborne journey times between Tallinn and the island of Aegna in half, once she enters service in spring. The new boat can also carry twice the passenger complement of her predecessor. The boat, the Vegtind, will start serving the route on May 1 and will be operated by Spinnaker,…
In 2021, Estonia’s exports of goods increased by 28% and imports by 32% compared to 2020, data from Statistics Estonia showed. In December 2021, exports grew by 24% and imports by 27% YoY. In 2021, Estonia’s exports of goods amounted to EUR 18 billion and imports to nearly EUR 20 billion at current prices. The…
Rising fuel costs and wages are putting pressure on public transport operators in Estonia’s biggest cities. Tallinn plans to dip into its budget, but Tartu and Parnu may raise ticket prices. Tartu Deputy Mayor Raimond Tamm (Reform) said forecasts suggested an additional EUR 2 million might be needed to fund transport services. Last year EUR…
The consumer price index rose by 11.3% YoY in January, state agency Statistics Estonia reported. The month-on-month change between December 2021 and January stood at -0.1%. Statistics Estonia leading analyst Viktoria Trasanov said that government measures curbing energy prices, and an overall fall in electricity prices at the beginning of the year compared with the…
The planned increase in the ticket price for ferries to Estonia’s largest islands, Saaremaa and Hiiumaa, may affect their tourism sectors, mayor of Saaremaa Madis Kallas says. While the increase in the price of a large commercial ferry trip back and forth could be 2 euros more than at present, the biggest jump in the…
New rules to help bring foreign labor to Estonia and help the IT industry recruit have been agreed upon by the ministries of interior and economic affairs. The new rules affect the Aliens Act and the hiring of highly skilled workers from outside the European Union. Laura Laaster, spokeswoman for the Ministry of Economic Affairs,…
The government is finalizing a compensation package for rising district heating bills but it is not yet known if the limit will be 50 or 80%, Minister of Economic Affairs Taavi Aas (Center) has said. The state is already supporting electricity costs with compensation and a price cap, but now it wants to introduce similar…