Tartu has generated EUR 800,000 less income than its expenditures over the period of January-August and has reported a total revenue of EUR 124.7 million, the city’s government says, representing 71% of the amount budgeted for the year. The largest single item, at EUR 60.6-million revenue over the eight-month period, was personal income tax. The…
SEB has seen a 40% fall in the number of grace periods it has granted to loan clients since early summer, largely as a result of a fall in applications as economic part-recovery began through summer, after the coronavirus emergency situation ended. Clients can still apply for grace periods, through to late September. Grace periods…
The 2021 state budget will run a deficit and contain no major cuts, the government has announced after two days’ discussion. The talks have not yet led to anything concrete yet, however, though the state is projected to be running a deficit at least till 2024. Following the meetings held at Sagadi manor in Laane-Viru…
Minister of Economic Affairs and Infrastructure Taavi Aasa (Center) said the railway line from Haapsalu to Rohukula in western Estonia could be completed until 2026. It will cost an estimated EUR 100 million to complete. Eesti Raudtee has announced the design procurement of the next section of the Haapsalu railway from Turba to Ellamaa. The…
While exports of goods fell by 1% YoY in July, a fall in re-exports was the main factor in the decline, and exports of goods of Estonian origin actually grew, state agency Statistics Estonia said. Imports fell by 6% over the same period, the agency said. The trade deficit fell by EUR 77 million, to…
The state-owned airline Nordica has said it does not want to resume direct flights to Stockholm at present. The government has permitted the reopening of direct flights to Sweden after the country’s coronavirus rate fell, but Nordica is waiting for state support. Nordica spokesman Toomas Uibo said the route had been allowed to reopened so…
Starting from September 2, passengers on Virtsu-Kuivastu ferry line between Muhu and mainland Estonia are serviced by TS Laevad, a subsidiary company of Port of Tallinn, ferry Toll which has been converted into the first hybrid passenger vessel in Estonia. Its batteries allow from now on for partial travel on electricity, which reduces the amount…