The Tallinn city government has agreed to extend rent discounts for businesses operating on city-owned premises in the city center until April 30, 2021 and to make the discount of up to 80% available also to tenants of commercial premises outside the city center. Under the measure, a rent discount of 80% is available from…
Forty companies involved in food processing are the latest recipients of state aid prompted by the effects of the coronavirus pandemic. The companies will between them receive EUR 523,900 in aid, channeled via the Agricultural Registers and Information Board (PRIA), as a component of the already-budgeted rural development plan for 2014-2020. PRIA falls under the…
Tallinn city council has approved the city’s budget strategy for the period of 2021-2024 with a budget of EUR 861.5 million for 2021. The chairman of the council, Tiit Terik, said that the aim of the budget was to make sure that all residents of the city coped well regardless of their age and all…
Estonian transport company Bolt has raised EUR 150 million in its biggest investment round ever. With the support of the investment round, led by D1 Capital Partners with participation also from Darsana Capital Partners, the company plans to develop the security of its services and continue to expand its ride-sharing, food delivery and light-duty electric…
Estonia’s economic growth in 2020 will be negative but the outlook is better than initially feared during the emergency situation in the spring, Governor of the Bank of Estonia Madis Muller said on December 16. Muller said: “In Estonia, our lives and economy were less affected by the virus and restrictions than European countries on…
According to Statistics Estonia (Statistikaamet), the service sector represented 72% of the EUR 28-billion GDP Estonian economy in 2019 with Harju County accounting for EUR 18 billion of total GDP. Harju county was followed by Tartu and Ida-Viru counties, which accounted, respectively, for 11% and 6% of Estonia’s gross domestic product (GDP). Hiiu and Polva…
Flight restrictions introduced by the government to stop the spread of coronavirus will be lifted in the new year, Minister of Economic Affairs and Infrastructure Taavi Aas (Center) has said. Aas said the lifting of flight restrictions did not mean that all routes would be restored immediately, as there were smaller numbers of passengers at…