According to a recent analysis commissioned by Startup Estonia and the Estonian e-Residency program, almost one third of Estonian start-ups have been founded by e-residents. Most of those startups focus on business software development and FinTech solutions. Head of Startup Estonia, Eve Peeterson, believes that Estonia attracts international talent primarily thanks to its innovative digital…
Imports grew by 49% YoY in the second quarter of 2021, while exports grew by almost as much, by 41%, the state agency Statistics Estonia said. The year-on-year figure for June alone was 45% (imports) and 26% (exports), while overall imports of EUR 1.7 billion was a record figure. Evelin Puura, lead analyst at Statistics…
The total production of industrial enterprises rose by 11% YoY in June, Statistics Estonia reported, the third month in a row to see a year-on-year increase. Production increased in all three major industrial sectors during that time: in mining (by 19%), in energy (by 14%) and in manufacturing (by 10%). Helle Bunder, one of the…
The number of people staying in hotels, hostels, guest houses and other accommodation businesses in June was around a third higher than the figure for June 2020, state agency Statistics Estonia reporeds. However, the sector still has a long way to go before pre-pandemic levels are reached, and room occupancy stood at just over 30%,…
The Ministry of Economic Affairs and Communications says it plans to buy four of five ferries, which currently service Estonia’s two largest islands, Hiiumaa, and, via Muhu, Saaremaa. The move would not quite represent a full nationalization in that the company that operates the vessels, TS Laevad, is a subsidiary of the Port of Tallinn…
Estonian shipping line Tallink saw a 28% YoY fall in passenger numbers in July, the company reported to the Tallinn Stock Exchange, and carried 444,112 passengers that month. The fall was even greater on the Estonia-Finland route, where passenger numbers were over 43% down, but on the other hand, recovery was experienced on routes to…
More than 150,000 passengers went through Tallinn Airport in July, a coronavirus pandemic record, but it was still half of the traffic before the virus took over international travel last year. People heading for flights in Tallinn recently can see a livelier airport. The airport’s commercial manager Eero Pargmae said they did well in July.…