There was a 5% increase in goods and services sold in the third quarter, new figures from Statistics Estonia showed. This increase is equivalent to EUR 16.4 billion. Turnover increased in most economic areas. Trade, manufacturing, and information and communication activities contributed the most to the turnover of the business sector. The growth in the…
According to the information released by Statistics Estonia on November 27, in the third quarter of 2019 the average gross monthly wages stood at EUR 1,397, up by 8.2% YoY. Average hourly wages, meanwhile, increased by 7%, to EUR 8.01. Average gross monthly earnings totaled EUR 1,435 in July, EUR 1,365 in August and EUR…
Eesti Liinirongid AS, the Estonian state-owned operator of passenger trains operating under the Elron brand, has successfully conducted its first test trip on a new stretch of rail from Riisipere to Turba. Regular rail traffic will begin serving Turba on December 8. “There will be altogether 11 trains per day in each direction between Turba…
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…