Estonia: healthcare costs up

Healthcare costs have increased by 397 million euros at current prices over the 2009-2015 period, 98 million euros of which fell into 2015, according to the National Institute for Health Development’s (TAI) newly-pubished analysis “Estonian healthcare costs 2015”. In 2015 state health insurance, i.e. the Estonian Healthcare Insurance Fund (EHIF), accounted for 64.8%, household co-financing…

Estonia: electricity network fees to be lowered

The Competition Authority of Estonia released a conclusion that the cost of electricity distribution services of electric grid operator Elektrilevi was not adjusted to their current costs and should be lowered by 6.7%. Because network charges make up 50-55% of the consumer price of electricity, the price of electricity for the average consumer should drop…

Estonia: MPs pass series of tax changes

The members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax. The proposals adopted by 55 votes for and 37 against cancel the 0.5% cut in…

Estonia: Tekhnolift to supply EUR 3.378 million worth of equipment for Brest Garbage Plant

Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported. They plan to start the upgrade in spring 2017. Brest Waste Recycling Factory has been operating since November 2010, providing sewage water treatment and recycling solid…

Estonia: Elering announces tender for designing and building Estonian-Latvian power connection

As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…

Estonia: e-residents establish over 1,000 companies

During the first two years of its e-residency project, which provides foreigners with the opportunity to register companies in Estonia and use other e-state services, Estonia already has 15,000 e-residents who have established more than 1,000 businesses. The President of Estonia stressed the importance of the program in introducing Estonia to the world. According to…

Estonia: Tallinn rated second most attractive cruise destination in the Baltic Sea region

Estonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…