Estonia: construction volume up in Q1 2018

According to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of…

Estonia: local bank account for e-residents starting business not to be required

Estonia’s Ministry of Justice has introduced a bill to amend the Commercial Code to resolve an issue that has in practice inhibited foreign investors from investing in Estonian private limited companies. Currently, e-residents have either founded or are shareholders in approximately 5,600 businesses registered in Estonia. So few e-residents have registered new businesses thus far…

Estonia: repairs at Riisipere station to begin

Estonian Railways (EVR), the Estonian state-owned railway infrastructure company, is to begin repairwork on the Tallinn-Keila-Riisipere section of rail beginning with Riisipere Station on April 30. “Beginning from April 30 rail work will be carried out on the western part of Riisipere Station,” Riho Vjatkin, head of EVR’s construction service, said in a press release,…

Estonia: TLT CEO Enno Tamm to step down

Tallinna Linnatranspordi AS (TLT) board chairman Enno Tamm is to step down as soon as a new CEO for Tallinn’s transport company has been found. Tallinn Mayor Taavi Aas (Center), who conducted a meeting of the supervisory board of TLT for the last time, said that Tamm had submitted a letter of resignation, which would…

Estonia: February 2018 retail turnover up

According to information released by Statistics Estonia on March 29, the turnover of retail trade enterprises in February increased by 3% YoY at constant prices. In February the turnover of retail trade enterprises totaled EUR 495.9 million. The turnover of stores selling manufactured goods increased by 7% compared to February 2017. Turnover increased in five…