The German group, after entering the cheapest bid for Estonian transmission network operator Elering’s tender, will construct three synchronous condensers in Estonia until 2024. Work is already underway on the first device in Pussi. The Elering tender that took seven months to prepare and another five to see through went the way of Siemens Energy,…
Due to the continued high rate of inflation, rental prices, which have been rising since last spring, are set to continue this upward trend through 2022, particularly in Estonia’s two primary cities, Tallinn and Tartu, some experts say. Rentals in smaller towns will see a more modest rate of rise this year, though could even…
Coop’s e-store customers have noted that the retail chain has imposed a minimum order limit on shopping baskets and has increased the price of home deliveries, even while delivery times have gotten longer. Competitors of the domestic retail chain will not follow Coop’s price increases. Coop’s e-store customers were met with a notification that stated…
The Georgian economy is projected to grow by 5.5% in 2022 and by 5% in 2023, the January edition of the World Bank’s report Global Economic Prospects 2022 says. The latest data on real Gross Domestic Product (GDP) showed that the Georgian economy increased by 12% YoY in November 2021 and by 10.7% in January-November…
Last year, international students and graduates in Estonia paid more in labor taxes than ever before – a total of EUR 16 million, data from Statistics Estonia showed. Kadri Rootalu, data scientist at Statistics Estonia and the author of the analysis, said the number of international students in Estonia decreased, but they still accounted for…
The state-owned energy firm Eesti Energia has signed a long-term purchase agreement with clean energy generator Octopus Renewables, acquiring with it a major wind farm in Finland, over a five-year term starting this year. Margus Vals, Eesti Energia board member, said: “This is another landmark deal which brings more green energy to consumers and helps…
Increased electricity bills are eating away at the stocks entrepreneurs have managed to save up during the coronavirus crisis. Bakeries say that rising energy, raw material and labor prices will eventually lead to higher product prices. Sports club and waterpark Reval Sport is on a stock exchange price contract for electricity and board member Aldur…