Estonia: tests of electronic traffic signs with changing information successful

The Road Administration will install electronic traffic signs with changing information permanently in the second half of this year, as the one-month testing period of the signs has been successful. The initial tests of electronic traffic signs were successful, Siim Vaikmaa, head of the Road Administration’s traffic management center, declared. Vaikmaa added that the development…

Estonia: number of Eesti Energia’s green energy contracts triples in 2017

The number of green energy contracts concluded by customers with the state-owned Estonian energy group Eesti Energia tripled during 2017, hitting 10,045 by year-end. Households with a green energy contract consume energy generated 100% from renewable sources, Eesti Energia says. “By buying green energy, our clients are influencing the development of electricity production, with a…

Estonia: consumer prices up in 2017

Consumer prices increased by an average 3.4% in 2017 compared to 2016. They were influenced the most by food products and non-alcoholic beverages, which made up two fifths of the increase, Statistics Estonia reported on January 8. The price of milk, dairy products, and eggs increased by 10.4% YoY, accounting for the single indicator that…

Estonia: no new taxes in 2018

Prime Minister Juri Ratas said no new taxes would be implemented next year, but added that he would like to increase the quota of workforce coming from outside the European Union. “I do not think it right to make new decisions concerning the tax policy a year before the end of this composition of the…

Estonia: economy up in Q3 2017

Estonia’s GDP increased by 4.2% YoY in the third quarter of 2017, Statistics Estonia reported on November 30. In the third quarter, the GDP at current prices was EUR 5.8 billion. The seasonally and working-day adjusted GDP remained at the same level compared to the second quarter of 2017 (with growth of 0.3%), but grew…

Estonia: Q3 2017 profits of business sector down

Profits of Estonia’s business sector totaled EUR 787 million in the third quarter, indicating an 8% drop YoY. Sales, meanwhile, increased by 10%, to EUR 13.9 billion, Statistics Estonia reported. Compared to the third quarter of 2016, total profits decreased in most economic activities. Construction, agricultural and manufacturing businesses contributed the most to the total…

Estonia: Nordica launches quiet morning flights

Estonian-state owned airline Nordica has introduced the so-called “quiet flights” in the mornings, where announcements read on the plane are kept to a minimum and do not include any advertisements. On the flights departing before 9 a.m., onboard announcements are presented in an abbreviated form and read in a quieter voice, Nordica said. Safety-related announcements,…

Estonia: Port of Tallinn to go public

Port operator Port of Tallinn (AS Tallinna Sadam) announced that they would get listed at the Tallinn Stock Exchange. This step follows the course outlined in the coalition agreement signed by the Center Party, the Social Democrats, and the Pro Patria and Res Publica Union (IRL) a year ago. According to the agreement, the plan…