The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue at close to 3.5% in the medium term, but noted that the biggest threat to this outlook was wage pressure not accompanied by growth in productivity. According to the IMF, external risks for Estonia are balanced…
According to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of…
Estonia’s Ministry of Justice has introduced a bill to amend the Commercial Code to resolve an issue that has in practice inhibited foreign investors from investing in Estonian private limited companies. Currently, e-residents have either founded or are shareholders in approximately 5,600 businesses registered in Estonia. So few e-residents have registered new businesses thus far…
Encouraged by the success of the change at its Sikupilli location, Prisma has decided to switch its Lasnamae and Mustika Centre supermarkets to 24-hour schedules as well. “A lot of people get back from their country homes late at night during the summer,” Prisma Peremarket spokesperson Piret Lankots said. “We want to offer them the…
The Estonian Center for Defense Investment (ECDI) has seen interest from several bidders in its tender to refit 37 CV-90 infantry fighting vehicles (IFVs). Four international companies are in the running, namely BAE Systems, Flensburger Fahrzeugbau Gesellschaft, Bristol Trust, plus a joint offer from Uhinenud Depood and Scania Eest, to refit the Swedish-made vehicles, in…
Rail service to and through Tartu remained heavily affected on May 17 following a signal box fire in Tartu that brought all rail service to a halt on May 16 afternoon. Many connections are being partially served by shuttle buses, and one morning train has already experienced a half-hour delay. Shuttle buses serving the Tabivere-Tartu…
The average price of beer at restaurants in Tallinn’s Town Hall Square (Raekoja Plats), the heart of the tourist district of Tallinn’s Old Town, has seen a rise of around EUR 0.65 on a half liter over the past year. This time last year noted Old Town eateries such as Vana Toomas and Maikrahv were…