Estonia: Ratas and Sefcovic meet to discuss energy issues

Prime Minister Juri Ratas (Center) met with Vice-President of the European Commission Maros Sefcovic to discuss energy infrastructure projects, the Clean Energy package and other energy sector-related matters. Ratas and Sefcovic opened the meeting by discussing the synchronization of Baltic power systems with Poland and Europe. “The synchronization of Baltic power systems needs to meet…

Estonia: July 2017 imports and exports up

According to information released by Statistics Estonia on September 11, July exports of goods increased by 6 and imports by 9% YoY. Increased imports of base metals and articles of base metal and transport equipment contributed to the growth in imports. Exports from Estonia in July amounted to EUR 900 million and imports to EUR…

Estonia: Linda Line cancels departures

Linda Line, which operates the high-speed catamaran Karolin connecting Tallinn and Helsinki, has canceled its September 11 evening and September 12 departures. According to a notice posted on the ferry operator’s homepage, September 11’s 5 p.m. departure from Tallinn and 7 p.m. departure from Helsinki as well as all September 12 departures are canceled due…

Estonia: e-export needs development

According to the Estonian Chamber of Commerce and Industry, Estonian business operators use various e-solutions and social media for showcasing their products and services, however they do not take advantage of all e-trade and -marketing opportunities in export. “Like elsewhere in the world, there are more and more companies in Estonia that are involved in…

Estonia: August 2017 consumer price index up

According to information released by Statistics Estonia on September 7, the consumer price index in August increased by 0.4% compared to July and by 3.9% compared to August 2016. Compared to August of last year, goods were 3.8% and services 4.1% more expensive. Regulated prices of goods and services also rose by 7.2% and non-regulated…

Estonia: bad weather disrupts ferry services

Linda Line, which operates the high-speed catamaran Karolin between Tallinn and Helsinki, has canceled all September 4 departures from both capital cities due to bad weather conditions on the Gulf of Finland. Linda Line, which operates under the Linda Line Express brand, has a policy of canceling departures due to conditions involving wind speeds in…

Estonia: economy not about to overheat

Estonia continued to be a net saver, and the country’s economy was not about to overheat, Tonu Palm, chief economist at Nordea, said in his comments on the reported 5.7% GDP growth. “The economy’s rapid growth stems from a low reference base in a situation where there has been underinvestment for years. Loan growth is…