Airline Nordica suffered a loss of EUR 10.5 million last year due to the reduced opportunity to travel caused by the coronavirus. The company approved the report for the previous financial year at a general meeting on July 6. Last year’s sales revenue was EUR 61 million, almost 42% less than in 2019 which saw…
Revenue of Nordic Aviation Group AS, the Estonian state-owned airline operating under the Nordica brand, declined by 42% YoY, to EUR 61 million in 2020, while the company’s loss grew threefold, to EUR 10.5 million euros. Nearly all of Nordica’s sales revenue was derived from the rental of aircraft and flight crew as regular flights,…
Last year, the state airline Nordica was issued an air operator’s certificate and a license to operate and had now been issued an international airline code – “ND”. Going forward, the airline can fly under its trademark and code and has developed a commercial platform. Nordica has previously flown under the flight code of the…
Estonia has faced a shortage of family practitioners for a while now and the Health Board is looking for doctors to fill vacant positions, as the number of elderly doctors increases. Right now, the Estonia Health Board is looking for new family doctors in the capital Tallinn, in the towns of Keila and Elva and…
The turnover of retail trade enterprises was EUR 778 million in May, up by 18% YoY at constant prices, data from Statistics Estonia showed. Jaanika Tiigiste, leading analyst at Statistics Estonia, explained that turnover growth of retail trade enterprises in May was mostly influenced by stores selling manufactured goods, where turnover increased by 32%. “The…
Foreigners are very interested in working in Estonia and attracting talent to Estonia is the easiest part of recruiting, a new study shows, but employers expect more help from the state during the process. The study was carried out by the Center for Applied Social Sciences (CASS) of the University of Tartu on behalf of…
The market price of electricity will come to fluctuate to a greater degree as countries switch to renewable energy and close coal and oil shale power plants. Kalev Kallemets, CEO of nuclear plant project company Fermi Energia, predicts that prices will continue to rise, while Estonian transmission network operator Elering disagrees. The past week saw…