On December 25, 2018 the vessel Baltic Princess brought Finnish tourists on a Christmas-themed cruise to enjoy the Christmas Spirit in Tallinn, the Port of Tallinn says in a press release. “Winter cruises are a good opportunity to enjoy besides the usual sights of Tallinn, several Christmas-themed activities and explore the Estonian Christmas season customs,”…
According to a press release by SEB, purchases made on the websites of Estonian online retailers increased by almost 70% in volume over the first three quarters of 2018. Thrown in together, purchases made using cards as well as online increased in volume by some 30% this year as well. The trend is in line…
Construction of the Turba-Haapsalu-Rohukula railway is to cost approximately EUR 65 million, the Ministry of Economic Affairs and Communications estimates. In May 2017, the Estonian government decided to finance with EUR 7.6 million the first stage of the Haapsalu railway, connecting Riisipere to Turba; this stage is to be completed next year. It appears from…
Inflation in Estonia was registered at 3.2% in November, placing it among the three EU member states with the highest inflation last month. The annual inflation rate of the euro area was down by 0.3%, to 1.9% in November, while inflation among EU member states was down by 0.2%, to 2%. The annual rate of…
The 2019 state budget recently adopted by the Riigikogu will allow for rescuers’ monthly salaries to be increased by an average of 23.6%, to EUR 1,000, the Rescue Board said. According to Director General of the Rescue Board Kuno Tammearu, this will be the largest wage increase yet at the Rescue Board, and all agency…
The Riigikogu has adopted Estonia’s 2019 state budget, the total volume of which exceeds EUR 11 billion. Altogether 52 MPs voted in favor and 46 against the 2019 State Budget Act, spokespeople for the Riigikogu said. 23 proposed amendments submitted ahead of the third reading of the state budget bill were reviewed on December 12,…
Luminor notified its clients that as of January 1, 2019 the bank would be closing the accounts of Estonian e-residents. Hannes Oja, head of Anti-Money Laundering at Luminor Estonia, said that based on the Money Laundering and Terrorist Financing Prevention Act, banks were required to update the data of all of their customers. As a…