M.V.Wool has submitted its 2020 action plan to the Veterinary and Food Board (VTA), according to which the company is to temporarily shut down production altogether at the beginning of 2020 in order to facilitate a thorough cleaning of its facilities, the company announced on November 18. According to the action plan, M.V.Wool is prepared…
A regional municipality in Estonia is building a village for adults with autism disorder and other learning difficulties. The village will consist of three family homes for ten people each, one of which will be dedicated to Russian-speaking residents. An additional building will be built for recreation and work purposes. “Our plan is to begin…
Coop Pank AS has submitted an application to the Nasdaq Tallinn Stock Exchange (TSE) for the listing of its shares on the Baltic Main List. The decisions of the TSE’s Listing Committee and Surveillance Committee made during the procedure will be announced separately, the stock exchange said. Coop Pank board chairman Margus Rink noted that…
Last month Tallinn Airport serviced over 316,000 passengers, up by 11% YoY. October can be characterized by active commercial traffic as well as fall break-related travel, Tallinn Airport CCO Eero Pargmae said in a press release. “The most popular destinations were Berlin, Stockholm, Frankfurt, Riga and Warsaw,” he highlighted. “Of charter destinations, the most flights…
In the third quarter Estonian state-owned energy group Eesti Energia increased its turnover and tripled its production of renewable energy, but maintenance at Auvere Power Plant that took longer than expected and large-scale energy production restructuring had a negative impact on its result. Eesti Energia’s turnover increased to EUR 206 million in the third quarter,…
The MS Silja Symphony, a Tallink ferry operating the Helsinki-Stockholm route, was stranded dockside in Stockholm following a breakdown on October 27. The Silja Symphony was scheduled to depart for Helsinki at 4:45 p.m. local time, but its departure was delayed, and then canceled altogether by 9 p.m. The ship was carrying 2,100 passengers, who…
Around one-third of industrial enterprises will find themselves in a vulnerable position due to continued growth in labor costs within the coming three years, Raul Kirsimae, head of the industrial companies unit at Swedbank Estonia, said. Swedbank has analyzed the financial data of some 150 industrial companies operating in Estonia to determine the effect of…