The first period for submitting applications to leave the second pension pillar ended on April 1 and those leaving would withdraw a total of almost EUR 1.3 billion. Significantly more people continue to collect pensions than the November 2020 survey of pollster Turu-uuringute AS showed. In November 2020, more than half, or 56%, of working-age…
Latvian airline company airBaltic will resume flights between Tallinn and Munich three times a week from May 1. The flights will depart on Tuesdays, Thursdays and Saturdays. Currently, airBaltic flies direct to Amsterdam, Berlin, Copenhagen, London, Oslo, Stockholm and Riga. The company plans to starts flying to Brussels, Malaga, Paris and Vilnius in the coming…
If the Tallinn Hospital project was given a green light by the European Commission, it would set multiple precedents, starting with construction volume and cost. The construction of a central hospital in Tallinn’s Lasnamae district would be an ambitious endeavor to say the least, one that has no equivalent in Estonian history. The planned area…
Retail turnover rose by 4% YoY in February, to a figure of EUR 594 million, state agency Statistics Estonia said. This represented a slight slow-down on the previous month’s figures. Jaanika Tiigiste, Statistics Estonia leading analyst, said in January the figure was 7% (both figures cite constant prices). Tiigiste said: “While turnover increased in stores…
Global tech giants Google and Facebook are swallowing an ever-greater part of the Estonian advertising market. Their share of the market grows by an estimated 10% a year, while the turnovers of local companies stagnate. Raido Raamat, executive manager of agency Media House, said that it was difficult to gauge digital companies’ market share, as…
The European Commission has approved Estonia’s EUR 9.9-million aid plan for tourism companies and sectors directly affected by the coronavirus wave. The plan was approved on the basis of the temporary framework for state aid and the funds would be disbursed in the form of direct payments, according to the European Commission Representation in Estonia.…
According to preliminary data from Statistics Estonia, the country’s gross debt level in 2020 was 18% of the gross domestic product (GDP). The general government deficit was 4.8%. The general government sector comprises three sub-sectors: central government, local governments and social security funds. According to Evelin Ahermaa, an analyst at Statistics Estonia, last year, expenditures…