A self-driving bus starts work in Tartu on a trial basis this week, ferrying passengers between the city center and the Estonian National Museum (ERM) on the outskirts. The buses’ manufacturers ask local drivers to be patient, as the vehicle gets up and running. While the Estonia-made bus is driver-less, by law an operator must…
The average salary rose to EUR 1,538 (+7.3%) – in the second quarter of 2021, data from Statistics Estonia showed. The data are for the average monthly gross wages and salaries. Both were highest in Harju and Tartu counties. The sectors with the highest salaries are information and communication, financial and insurance activities and the…
In the second quarter of 2021, the total production value of Estonian construction enterprises in Estonia and abroad increased by 17% YoY, data from Statistics Estonia showed. Considering only the Estonian construction market, the growth in construction volume was 18%. The production value of Estonian construction enterprises totaled EUR 921 million, whereas building construction accounted…
Better-than-expected economic performance, and with it higher tax revenues, has raised questions whether spring’s proposed cuts of EUR 60 million to the state budget will go ahead unchanged. However, more will be known following the economic forecast published in September, and ahead of the state budget for 2022 itself, which must be finalized at the…
Listed Estonian port company Tallinna Sadam (Port of Tallinn) is looking for the best ways to convert ferries to hydrogen fuel and to provide hydrogen refueling capacity for cruise ships in the Old City Harbor of Tallinn. The company has unveiled an ambitious plan to lay out the hub of the Baltic Sea green infrastructure…
R-Kiosk retail chain has reported 2020 losses of EUR 4.1 million. Taken with previous accounting periods, the company had accumulated losses of EUR 5.8 million as of the end of the 2020 accounting year. In 2019, the company lost EUR 2.2 million and EUR 1.6 million in the previous year. Sales revenue fell by 18.1%,…
While annual inflation in the euro area accelerated from 1.9% in June to 2.2% in July, in Estonia inflation sped from 3.7% to 4.9% and was also the fastest in the euro area, data from Eurostat showed. European Union annual inflation was 2.5% in July, up from 2.2% in June. A year earlier, the rate…