While ferry line Tallink Group had a better September this year than in 2020, while the third quarter, July-September, as a whole saw a poorer performance this year than last year, meaning recovery to pre-coronavirus levels was till some way off. Tallink Grupp CEO Paavo Nogene said: “The quarter periods in 2020 and 2021 have…
Following the listing of Enefit Green on the Tallinn Stock Exchange two weeks ago, the state is planning to transfer its majority stake in rail operator Operail at the beginning of next year. Next is technical service provider Teede Tehnokeskus and the state will consider developing a grid company based on Elering and Elektrilevi, which…
EUR 18.5 million is being invested into Parnu Airport, though with no promise of recouping those funds. The airport will remain under the control of its parent company, Tallinn Airport, while one of the first major tasks is to attract flight companies. Phase one of Parnu Airport’s redevelopment has been completed, which includes a new…
The sales revenue of retail trade enterprises increased by 9% in August, to EUR 762 million. The sales revenue of manufactured goods grew the most, by 17%. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that turnover increased in grocery stores and in stores selling manufactured goods as well as in enterprises engaged in the…
While Estonia was set to receive nearly 1 billion euros in Connecting Europe Facility (CEF) funds as of the end of last year, strong economic growth might see that figure reduced. Finance minister Keit Pentus-Rosimannus says that this should not mean funding for a proposed central hospital in Tallinn, one of the main objects the…
Finance minister Keit Pentus-Rosimannus (Reform) says that the coalition is tackling the issue of budgetary deficit exacerbated, but not solely caused by, the coronavirus pandemic and its economic effects. This was exemplified by a nearly-balanced state budget planned for 2022. “We are now seeing a growth, whereas before the economy had been in a hole,”…
Next year’s budget revenue and expenditure are both more than EUR 13 billion. Revenues are rising due to rapid economic growth and next year’s budget deficit will remain within the limits of the European Union’s budgetary rules, which is less than 3% of GDP. According to the budget strategy drawn up in spring, next year’s…