According to the information released by Statistics Estonia, the consumer price index (CPI) in June was up by 0.9% MoM and by 4% YoY. Compared to June 2017 goods were 4.1% and services 3.9% more expensive last month. Regulated prices of goods and services rose by 11.2% and non-regulated prices by 2.1% YoY. Compared to…
According to the Estonian Ministry of the Interior, building the infrastructure and surveillance system of the border between Estonia and Russia is set to cost around EUR 250.3 million over the course of 11 years, with additional maintenance costs of EUR 70 million to be needed down to 2026. At present the available resources to…
The Estonian Navy is set to modernize its three Sandown class minehunters for EUR 30 million, it has been announced. The modernization is to include improvements in mine clearance and marine surveillance capacities. The vessels will get new, identical, mine clearance systems which will be more up-to-date and reliable, thus requiring less maintenance. The project…
The state-owned Estonian airline Nordic Aviation Group (NAG), operating under the Nordica trademark, last year made a profit of EUR 900,000, and the number of Nordica’s passengers grew by 68% YoY. Nordica’s second fiscal year was very successful for the company. The company’s revenue was EUR 83 million, while in 2016 it totaled EUR 51…
On July 1, 11 of Estonia’s 15 counties introduced free public transport on county buses for local residents, much like the scheme already running in Tallinn. This caused some confusion. Tartu County is one of the areas where buses are now free of charge for residents. While not too many passengers made use of their…
Estonia has signed an agreement with South Korea for the purchase of K9 Thunder self-propelled 155mm howitzers. The EUR 46 million contract, one of the most significant defense procurements of the decade, includes 12 artillery systems, training, maintenance and spare parts. The first howitzers are scheduled to arrive in Estonia in 2020, the Estonian Center…
Reconstruction and expansion work at harbor Terminal D at Lootsi 13/14 in Tallinn has begun, and will continue for the best part of two years. Parts of the terminal will be closed to passengers as a result. The passenger harbor comes under the auspices of the Port of Tallinn (Tallinna Sadam), a hitherto state-owned company,…