German retailer Lidl has signed contracts with 800 new employees in Estonia, thus, according to the company, the teams of the retail chain’s first eight Estonian stores have been assembled. Training for new store employees will begin in stores in January, during which they will acquire the necessary knowledge and skills to perform everyday tasks,…
December 20 saw the market price of electricity triple compared to December 19 in the Estonian price area of the Nord Pool exchange. The average price was EUR 88.01 on December 19 and EUR 269.82 on December 20. The price was the highest between 6 p.m. and 7 p.m. hitting EUR 468 per megawatt-hour. Prices…
In the third quarter of 2021, the hourly labor costs in Estonia rose by 8% YoY, whereas the corresponding growth was 2.5% in the euro area and 2.9% in the European Union. In the second quarter, hourly labor costs increased by 0.5% in the EU and by 5.1% in Estonia, according to figures published by…
Tallink hopes to recover 70% of its pre-pandemic passenger volume until summer 2022, the ferry company’s CEO Paavo Nogene has said. It will take several years for tourism to properly recover. On December 15, Tallink said it would suspend ferries on the Tallinn-Stockholm line for five weeks at the start of next year due to…
At the start of 2022, ferry company Tallink will suspend the Tallinn-Stockholm line for five weeks due to high fees, fuel costs and low passenger numbers. Between January 11 and February 17, 2022 the Estonia-Sweden line will be suspended. Between February 17 and April 8, 2022 one ship will service the route. Tallink CEO Paavo…
Minister of Economic Affairs and Infrastructure Taavi Aas (Center) said that alleviating the electricity price shock required adopting several broad-based short-term measures, including as one possibility a market price cap. The minister added that nuclear power feasibility analyses needed to be expedited. Aas said in a political statement delivered in front of the Riigikogu that…
The number of passengers traveling on TS Laevad ferries between Estonia’s two main islands and the mainland rose by 4% YoY in November. The volume of vehicles rose even more over the same period, by 6%, the company says. TS Laevad, a subsidiary of the state-owned Port of Tallinn (Tallinna Sadam), carried 122,909 passengers between…