According to the information released by Statistics Estonia, in the first quarter of 2019, the total production of Estonian construction businesses in Estonia and foreign countries increased by 2% YoY. Overall construction volumes increased due to work done abroad, as construction volumes on the Estonian market decreased. In the first quarter of 2019, the production…
Lithuanian airline Transaviabaltika is due to continue its route between Tallinn and the island of Saaremaa on June 1. Transaviabaltika had previously serviced the island, flying to Kuressaare airport at the island’s capital, and the route was opened to tender at the end of 2018, ahead of the expiry of the company’s previous contract. The…
Estonia-founded international money transfer company Transferwise has closed a secondary funding round of $292 million, or EUR 261.1 million. Investors used the Transferwise for Business platform when settling the financing. Transferwise is now valued at $3.5 billion, and the latest funding round brings the total raised by the company in both primary and secondary funding…
While income not received from the production of electricity and oil is still being calculated, Estonian state-owned energy group Eesti Energia may have suffered up to EUR 100,000 in damages as a result of a shutdown of an energy production unit and an oil plant caused by a failure at an Elering-owned substation just outside…
According to the information released by Statistics Estonia, in April, the producer price index (PPI) of industrial output increased by 0.7% MoM and by 1.6% YoY. Compared with the previous month, the PPI in April was affected more than average by a price increase in the manufacture of electronic equipment, in electricity supply, in the…
According to the initial schedule for the planned Rail Baltica railway, which is expected to have been completed by 2026, high-speed trains will depart Tallinn for points south four times per day, reaching Central Riga in one hour and 42 minutes at a cost of EUR 38 per ticket. Once the railway has been completed,…
According to the information published by Statistics Estonia on May 15, in the first quarter of 2019, the labor force participation rate in Estonia was 70.8%, the employment rate 67.5% and the unemployment rate 4.7%. While the labor force participation rate and employment rate remained steady, the unemployment rate decreased by 2.1% YoY. In the…