Major supermarkets in Estonia, which have been carrying food, drink and other products made in the Russian Federation, have started to remove them from the shelves in the wake of Russia’s military aggression against Ukraine. Retailers are also removing TV ad spots for products of Russian origin. Rimi Eesti CEO Vaido Pajumae said: “People of…
Finland will grant Estonia permission to send howitzers to Ukraine to help the country defend itself against Russian aggression – as long as Germany also agrees. Speaking during a parliamentary debate on February 23, Finnish Minister of Foreign Affairs Pekka Haavisto said: “From our side, there is no obstacle if Germany gives the green light…
Estonia’s largest natural gas distributor network operator Eesti Gaas is cutting the price of gas for household customers by 8% from March, following the fall in world gas prices. Natural gas prices reached record levels in Estonia from last fall. “We have decided to lower the price of the flexible package for residential customers by…
Finnish national airline company Finnair will resume direct flights between Tartu and Helsinki on March 28, five times a week. On Mondays, Wednesdays and Fridays, flights will start in the evening. According to the airline, it will facilitate connecting flights on domestic routes to Asia, Scandinavia and Finland. On Tuesdays and Thursdays, flights take place…
South Korean electric vehicles firm Global Phillips has announced plans to start producing electric buses in Ida-Viru County. Sung Ho Bang, Global Phillips board chair, said: “I am reassured that the plant has the right conditions to start assembling electric buses,” on visiting the location at Ahtme, currently operated by Shorma OU, who are partnering…
The average interest rate of householders’ term deposits stood at 0.29% in the fourth quarter of 2021, down from 0.9% a year earlier, while average interest rates on consumer loads to householders fell over the same time period, from 19.9% to 17.5%, the Bank of Estonia (Eesti Pank) said. The average interest rate on long-term…
The Competition Authority (Konkurentsiamet) has approved a 10% price hike for electricity grid distributor Elektrilevi’s connection fee. Elektrilevi has cited a rise in the cost of its transmission service as provided by electricity and gas supplier Elering, as well as a volatile electricity market and a 0.2% rise in the Competition Authority’s own fees. Mihkel…