The average interest rate on housing loans in Estonia was 2.6% and the average rate for corporate loans 2.9% in June, which might indicate reduced competition in some segments of the loan market, Bank of Estonia economist Raido Kraavik said in the central bank’s statement on June banking sector statistics. The average rate of 2.6%…
AS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed a loan agreement in the amount of EUR 197.6 million to finance the new EUR 247-million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy, Tallink Grupp says in a press release. The loan is arranged and long term…
Inflation was 2.4% YoY to June 2019, Statistics Estonia reports. Services saw a higher Consumer Price Index (CPI) rise than goods, 3.5%, compared with 1.8%. Regulated prices of goods and services rose by 0.8% and non-regulated prices by 2.9%. CPI rises were affected the most by food and non-alcoholic beverages, which comprised nearly 30% of…
Lux Express has bought 20 new Scania buses, investing some EUR 7 million in their new rolling stock, and is planning to increase trip numbers on the Estonian domestic as well as the international market. In Estonia, the company intends to focus on Tartu in the second half of the year. Passenger numbers to and…
Bolt (formerly branded Taxify) introduces its electric scooter rental service in Tallinn. Users will be able to use scooters by way of Bolt’s ride-hailing app. A second company, Citybee, announced a similar service. Users of the Bolt app will be able to pick up a scooter by scanning its QR code. For first-time users, the…
Chairman of the Supervisory Board of the Bank of Estonia, Mart Laar, has submitted a request to the Riigikogu to replace board members Kalev Kallo (Centre) and Liina Tonisson (SDE). While Laar didn’t explain his reasons for the replacement of Tonisson, Kallo was involved in an ongoing corruption case. Laar is suggesting to replace Tonisson…
Starting from June 20, operator TS Laevad is adding another ferry to their Virtsu-Kuivastu route. A total of 513 additional trips are planned, the company said. At the same time, the Road Administration announced that they were chartering additional flights from Tallinn to Kuressaare on Fridays and Sundays. TS Laevad’s Pille Sauber said on June…