The market price of electricity will come to fluctuate to a greater degree as countries switch to renewable energy and close coal and oil shale power plants. Kalev Kallemets, CEO of nuclear plant project company Fermi Energia, predicts that prices will continue to rise, while Estonian transmission network operator Elering disagrees. The past week saw…
Estonia cannot continue with its current tax base and new taxes are needed, speaker of the Riigikogu and chairman of the Center Party Juri Ratas has said. He reemphasized the point later at a party council meeting. On June 18, Ratas was asked by presenters Timo Tarve and Ainar Ruuhar on Kuku raadio’s “Kahe vahel”…
Estonian manufacturing companies have left behind the crisis year, can see both turnover and profitability growing this year and are planning to hire nearly 3,000 people, the results of a survey carried out by Swedbank in spring show. Of the businesses surveyed by Swedbank in the latest survey of industrial companies, 76% expect profitability to…
Estonia’s nation e-Residency program has reported a 2020 revenue of EUR 19.7 million, the highest in its six-year existence, with profits also topping previous records. e-Residency CEO Lauri Haav said: “We welcome the government’s unwavering faith in the program, and I am confident that every euro invested in the program will bring manifold returns, which…
Tallink will relaunch the Tallinn-Stockholm ferry line on July 9, almost 16 months after it closed due to coronavirus. The route will initially be operated with one vessel, Baltic Queen, with departures from Tallinn and Stockholm every other day. Tallink Grupp’s CEO Paavo Nogene said: “When we temporarily suspended the Tallinn-Stockholm ferry route on March…
The coalition has agreed on how to support Eesti Energia for the production of green energy from biomass. Next week, the Riigikogu plans to pass a bill that would enable the support of the production of 1,000 gigawatt-hours of electricity from biomass in Eesti Energia’s power plants over the next two years. Mart Vorklaev, chairman…
Tax take in April stood at EUR 670.8 million, up by 14.9% YoY, the Tax and Customs Board (MTA) said, with growth mainly fueled by the low starting point, given that April 2020 was the first full month to follow the arrival of the coronavirus pandemic. VAT receipts in January to April came to EUR…