Businessman and president of the Estonian Olympic Committee Urmas Soorumaa said that the current economic growth was deceptive, as it was not based on traditional models. “It is sort of deceptive. Yes, the so-called economy is growing since stock markets are growing, there is more money coming in and the amount of money in peoples’…
As of October 4, the Tax and Customs Board (MTA) was still awaiting EUR 4.18 million in underpaid tax. The deadline for payment for the 2020 tax year was October 1. EUR 1.38 million of the total owed was due to be paid in installments. The total in underpaid tax owed to the MTA for…
While ferry line Tallink Group had a better September this year than in 2020, while the third quarter, July-September, as a whole saw a poorer performance this year than last year, meaning recovery to pre-coronavirus levels was till some way off. Tallink Grupp CEO Paavo Nogene said: “The quarter periods in 2020 and 2021 have…
Following the listing of Enefit Green on the Tallinn Stock Exchange two weeks ago, the state is planning to transfer its majority stake in rail operator Operail at the beginning of next year. Next is technical service provider Teede Tehnokeskus and the state will consider developing a grid company based on Elering and Elektrilevi, which…
EUR 18.5 million is being invested into Parnu Airport, though with no promise of recouping those funds. The airport will remain under the control of its parent company, Tallinn Airport, while one of the first major tasks is to attract flight companies. Phase one of Parnu Airport’s redevelopment has been completed, which includes a new…
The sales revenue of retail trade enterprises increased by 9% in August, to EUR 762 million. The sales revenue of manufactured goods grew the most, by 17%. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that turnover increased in grocery stores and in stores selling manufactured goods as well as in enterprises engaged in the…
While Estonia was set to receive nearly 1 billion euros in Connecting Europe Facility (CEF) funds as of the end of last year, strong economic growth might see that figure reduced. Finance minister Keit Pentus-Rosimannus says that this should not mean funding for a proposed central hospital in Tallinn, one of the main objects the…