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…
The Public Procurement Review Committee (VAKO) has overruled a complaint from Lithuanian air carrier Transaviabaltika, finding that a clause setting a ceiling on airplane age in the new round of procurement on the Tallinn-Kuressaare flight route, which links Estonia’s largest island with the mainland, to be a legitimate demand, which does not distort competition. The…
Among food delivery services operating in Estonia, two of the biggest competitors are the Finnish Wolt, which has operated on the Estonian market for years, and the Estonian Bolt, which entered the food delivery market last year, and while the newcomer sees no issue with the competition, leaked internal correspondence shows that Wolt is struggling…
Eesti Energia’s CO2 emissions decreased by half last year, as the company reduced its electricity production from oil shale after an increase in European Union carbon quota prices and competition from Russian electricity production. “In 2019, the price of a CO2 quota increased to EUR 30 per ton, and unfair competition from Russian electricity in…
Trade continued to decline in 2019, with a fall of 10% in imports and exports YoY in November 2019, according to the state agency Statistics Estonia. Trade contracted in most commodity areas. In November 2019 Estonia’s goods exports totaled EUR 1.2 billion and imports EUR 1.3 billion at current prices. The trade deficit was EUR…
Listed Estonian shipper Tallink Grupp carried a record 9,763,210 passengers on all of its vessels and routes combined in 2019, up by 0.1% YoY. The biggest increase in the number of passengers was on Tallink’s Finland-Sweden routes, where the company transported 1.7% more passengers in 2019 than in 2018. In total, the company transported 2,894,494…