Residents of Tallinn have rejected mayor Mihhail Kolvart’s proposal to limit driving speed within city limits to 40 km/h, forcing the municipality to look for other ways to control road traffic speed. The proposal to limit driving speed in Tallinn to 40 km/h was presented in autumn 2019. The idea was justified with how several…
Europe’s largest bus company, FlixBus, will start traveling to Tallinn under plans to expand to eastern and western Europe in the first half of 2020. The Ministry of Economy has approved FlixBus Polska’s request to open bus routes on Berlin-Tallinn, Warsaw-Tallinn and Prague-Tallinn. “We are preparing to start operations in the Baltic States,” said Michal…
Swedbank has been experiencing some issues with its banking services, and is working to resolve the problems, the bank says. The bank has also said it is conducting scheduled overnight work, which could cause additional disruption. Ede Raagmets, Head of Swedbank’s Customer Services Division, said on February 5 that various banking services had been hit…
SEB Estonia earned a profit of EUR 100.4 million in 2019, up from EUR 63.7 million in 2018. In 2019, SEB financed the plans of commercial enterprises with more than EUR 1 billion and individuals with more than half a billion euros. Last year, SEB assisted in the purchase of more than 5,000 new homes.…
Eesti Energia renewable energy subsidiary Enefit Green has submitted an application for a development plan to Parnu County’s Saarde Municipality this week for the launch of an environmental impact analysis and in order to determine whether it would be possible to build a wind farm with up to ten turbines and a capacity of 70…
Estonia’s European Commissioner Kadri Simson (Center) said that a solution was needed to alleviate the recent emergence of cheaper Russian and Belarusian electricity imports on the Estonian market. She also said that the oil shale industry per se wasn’t necessarily dead, hinting that options for its continuation and even the construction of a new refinery…
According to information released by Statistics Estonia on January 20, the average construction price index in 2019 increased by 1.9% YoY. In the fourth quarter of 2019, the construction price index increased by 0.5% QoQ and by 1.7% YoY. In 2019, compared to the 2018 average, the cost of labor increased by 4.3%, the use…