A tunnel between the two cities would make Tallinn a “suburb” of Helsinki, which would substantially add to Finns’ interest in the local real estate market, CEO of developer Ober Haus, Tarmo Kase, said on April 15. Kase said that Tallinn would become attractive as a place of residence for Finns. Real estate market prices…
Registered unemployment in Estonia remained unchanged YoY in March. The total figure for registered unemployed was 33,3976 at the end of March, the same as the end of March 2018, and a 0.1% drop on the previous month. The figure constitutes 5.1% of the workforce aged 16 to retirement age, the Unemployment Insurance Fund (Tootukassa)…
According to the information released by Statistics Estonia on April 9, Estonian exports of goods increased by 4% and imports by 5% YoY in February, with exports being boosted by wood, articles of wood and prefabricated wood buildings. In February, exports from Estonia amounted to EUR 1.16 billion and imports to EUR 1.26 billion at…
In March AS Tallink Grupp transported 686,488 passengers, down by 4.1% YoY. The number of cargo units increased by 2%, to 32,524 units and the number of passenger vehicles by 5.9%, to 76,016 units, the company says in a press release. In the first quarter of the 2019 financial year (January-March) AS Tallink Grupp transported…
According to Statistics Estonia, the turnover of retail trade enterprises increased by 5% at constant prices in February compared to the same month last year, reaching EUR 527.5 million. The turnover of shops selling manufactured goods increased by 6%. The greatest increase was reported for shops selling textiles, clothing and footwear, with sales increasing by…
In February the production output of industrial enterprises increased by 4% YoY. While production increased in the manufacturing and mining sectors, it decreased in the energy sector, Statistics Estonia reported. The total manufacturing production in February was 7% higher than in the corresponding month of 2018. Over a half of the branches of industry exceeded…
According to the initial results of a study commissioned by Swedbank and conducted by Forensic Risk Alliance (FRA), customer relationships between Swedbank and the owners of suspicious accounts highlighted by Swedish public broadcaster SVT were terminated by the end of May 2017 at the latest. A total of 50 names of account owners had been…