Tartu’s city government has approved a EUR 212.8-million budget for 2022. Education features prominently, while Estonia’s second city is also seeing investment in infrastructure and in preparations for its stint as European culture capital in 2024. The budget is slightly down on 2021’s figure of EUR 215 million. Total investments come to EUR 33.6 million,…
Bank of Estonia governor Madis Muller said the tourism sector was set to be hit with a labor shortage as it began to recover from the coronavirus crisis. “The sectors related to tourism, hotels and entertainment are where the number of jobs has drastically decreased. These people have already found new jobs somewhere else. As…
German retailer Lidl has signed contracts with 800 new employees in Estonia, thus, according to the company, the teams of the retail chain’s first eight Estonian stores have been assembled. Training for new store employees will begin in stores in January, during which they will acquire the necessary knowledge and skills to perform everyday tasks,…
December 20 saw the market price of electricity triple compared to December 19 in the Estonian price area of the Nord Pool exchange. The average price was EUR 88.01 on December 19 and EUR 269.82 on December 20. The price was the highest between 6 p.m. and 7 p.m. hitting EUR 468 per megawatt-hour. Prices…
In the third quarter of 2021, the hourly labor costs in Estonia rose by 8% YoY, whereas the corresponding growth was 2.5% in the euro area and 2.9% in the European Union. In the second quarter, hourly labor costs increased by 0.5% in the EU and by 5.1% in Estonia, according to figures published by…
Tallink hopes to recover 70% of its pre-pandemic passenger volume until summer 2022, the ferry company’s CEO Paavo Nogene has said. It will take several years for tourism to properly recover. On December 15, Tallink said it would suspend ferries on the Tallinn-Stockholm line for five weeks at the start of next year due to…
At the start of 2022, ferry company Tallink will suspend the Tallinn-Stockholm line for five weeks due to high fees, fuel costs and low passenger numbers. Between January 11 and February 17, 2022 the Estonia-Sweden line will be suspended. Between February 17 and April 8, 2022 one ship will service the route. Tallink CEO Paavo…