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…
As Estonia organizes the renovation works of its national library expected to cost 1.3 million euros, Associations of Architects have called for the termination of the contract with a design bureau over perceived incompetence. The Association of Architects and the Association of Interior Architects have called for the procurement contract given to Sirkel & Mall…
The State Forest Management Center (RMK) is organizing a public, in-person auction for the sale of the Tootsi wind farm property in Parnu County on February 18, 2020. The starting bid has been set at EUR 12.3 million. The auction will take place at the RMK building in Tallinn, located at Toompuiestee 24, beginning at…
Design work for Rail Baltic’s Ulemiste Terminal is slated to begin next month, and the entire terminal must be fully ready for use by 2026, by which time the international railroad’s remaining infrastructure will have been complete. Rail Baltic Estonia OU Chief Technical Officer (CTO) Anvar Salomets said that Zaha Hadid Architects and OU Esplan,…
A recent Organisation for Economic Co-operation and Development (OECD) survey found Estonia’s economy continued to perform well, however, there were problems arising from income inequality, the private sector’s lack of technical adaptability, and the low productivity and carbon intensity of the energy sector. The report pointed out positively Estonia’s expertise in IT and digitized government…