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…
Minister of Finance Martin Helme (EKRE) said at a government press conference that Estonia had a deficit budget this year and would likely have one in several years to come. An extension of wage support for the tourism industry is not on the cards. Helme added that if the wish were to balance the state…
Ferry company Tallink Grupp has said that more than 2,000 jobs are at risk if salary compensation schemes are not extended in Estonia and Finland or travel restrictions are lifted. The company is currently undergoing an “extensive reorganization”. Nearly all 1,200 Tallink Silja OY employees are affected by the lay-offs, both in the company’s onshore…
Gross Domestic Product (GDP) fell by 6.9% YoY in the second quarter of 2020, according to the state agency Statistics Estonia. GDP at current prices stood at EUR 6.4 billion. Robert Muursepp, leading analyst at Statistics Estonia, says most economic activities experienced an economic downturn as a result of the emergency situation. “Accommodation and food…
Testing of the digital trade route from Estonia to Poland starts, during which the Estonian Tax and Customs Board and the Police and Border Guard Board will try to use real-time document management systems to reduce paperwork in the logistics sector in the future. During testing, it will no longer be necessary to stop the…