The ice road between Haapsalu and Noarootsi opened on February 15 at 11.00 EET, only to close a few hours later. The 4km stretch of ice road, a short cut between the mainland town of Haapsalu and the Noarootsi peninsular, also on the mainland, was opened to vehicles weighing up to 2.5 tons. However, thawing…
The rate of long term unemployment in Estonia in 2018 was the lowest for 20 years, according to government agency Statistics Estonia, with the labor force also increasing in size. The average unemployment rate for the whole year was 5.4% in 2018, the agency says, with the labor force participation rate 71.9%, and the employment…
The Listing and Surveillance Committee of Nasdaq Tallinn decided to approve the application of Magnetic MRO AS, the global provider of total technical care for aircraft operators and lessors headquartered in Tallinn, and admit 80,000 bonds of Magnetic MRO AS with a nominal value of EUR 100 each to trading on MTF First North, operated…
The number of passengers carried by Nordic Aviation Group AS, Estonia’s national airline operating under the Nordica brand, increased by 22% YoY, to 760,000 in 2018. Nordica route network manager Mart Sibrik said that 680,000 passengers, representing the lion’s share thereof, flew on the Tallinn route network, while the remaining passengers were served on domestic…
According to Statistics Estonia, the consumer change index changed by -0.2% compared to December 2018, and increased by 2.7% YoY in January. Goods were 1.5% and services 4.9% more expensive compared to January 2018. Regulated prices of goods and services increased by 4%, and non-regulated prices by 2.3%. The consumer price index was affected the…
Nasdaq announced the winners of the Nasdaq Baltic Awards 2019, recognizing Nasdaq Baltic-listed companies for excellence in the areas of transparency, governance, and investor relations, as well as the most active and impactful stock exchange member, Port of Tallinn says in a press release. Port of Tallinn IPO was the Stock Exchange Event of the…
The Estonian business unit of Swedish financial services group SEB report a profit of EUR 63.7 million euros for 2018, down from EUR 85.3 million the year before. According to the bank, the drop in profits has to do with income tax payments. The operating income of SEB Estonia was EUR 155.9 million last year,…