A dip in the price of global sugar prices is not currently being felt in Estonian supermarkets, partly due to European pricing policies, domestic retailers say. The price of sugar on the global market dropped by more than a third over the past year, and in the last month it fell by 10%. The change…
Estonia plans to let banks halt transfers they suspect are fraudulent and alert authorities, aiming to slow surging phone and investment fraud. The Ministry of Finance is submitting a bill to a coordination round this week that would allow banks to freeze payments showing signs of fraud and notify policy, the Information System Authority (RIA)…
AS E-Piim Tootmine filed for bankruptcy on February 11, as the company’s financial position no longer allowed it to meet its obligations in the ordinary course of business. The renewed management board of AS E-Piim Tootmine, led by CEO Anti Orav, has been working since December 2025 to stabilize the company’s situation in order to…
No wind farms will be completed in Estonia in 2026 or even next year, despite a 2023 auction whose terms required the developments to be completed by that time. Major private and public sector energy producers Enefit, Utilitas, Evecon and Enery all committed in a 2023 auction to add 650 GWh of wind power to…
The Ministry of Finance is waiting for remote gambling companies to make voluntary donations after an error exempted the franchises from paying tax. The mistake is expected to cost the state EUR 4 million. Riigikogu members on February 10 approved a technical fix restoring the gambling tax to online casinos, closing a legislative error that…
The plan to establish a city economic growth council, outlined in Tallinn’s coalition agreement, will take more concrete shape in the coming weeks, Mayor Peeter Raudsepp has said. Since last year, a national economic growth council made up of entrepreneurs has been meeting under the Government Office to identify ways to reduce bureaucracy in Estonia.…
Estonian supermarket chains are increasingly stocking and selling products under their own private labels. However, according to the Estonian Food Industry Association, the continued expansion of these owned brand goods may pose a risk to domestic producers. Private label or own-brand products are made to order for retail chains, carry the store’s own branding and…