Nasdaq announced the winners of the Nasdaq Baltic Awards 2019, recognizing Nasdaq Baltic-listed companies for excellence in the areas of transparency, governance, and investor relations, as well as the most active and impactful stock exchange member, Port of Tallinn says in a press release. Port of Tallinn IPO was the Stock Exchange Event of the…
The Estonian business unit of Swedish financial services group SEB report a profit of EUR 63.7 million euros for 2018, down from EUR 85.3 million the year before. According to the bank, the drop in profits has to do with income tax payments. The operating income of SEB Estonia was EUR 155.9 million last year,…
The Union of Harju County Municipalities has submitted an appeal to the Ministry of Economic Affairs and Communications requesting the latter to instruct the parties responsible for the establishment of Rail Baltica to take into consideration the need for a bypass railway in the overlapping corridors of Rail Baltic and the Tallinn ring railway. In…
The recent bout of cold weather and snow across Estonia has been accompanied by near-record levels of electricity consumption. At 10.00 am EET on January 22, five-minute average electricity consumption was recorded at 1,549 megawatts. Estonian electricity consumption was very close to the record high of all time that day, when the five-minute average consumption…
According to information released by Statistics Estonia on January 21, in December 2018 the industrial producer price index (PPI) decreased by 0.6% MoM, but increased by 1.6% YoY. Compared to the previous month, the industrial PPI in December 2018 was affected more than average by a price decrease in the manufacture of electronic equipment, fuel…
Power company Eesti Energia is to close part of its operations at the Narva power plants in eastern Estonia, leading to around 150 job losses. Some older electricity generation blocks have to be decommissioned in line with requirements of the EU Industrial Emissions Directive. The move also means the proportion of electricity generated from oil…
As announced already in 2018, flag carrier Nordica closed down its Oslo, Amsterdam and St Petersburg routes on January 14. The reduced flight plan leaves the airline with eight direct routes this winter. The destinations still available for direct flights from Tallinn are Stockholm, Vilnius, Copenhagen, Brussels, Kiev, Warsaw, Vienna and Munich, the airline said.…