The European Commission will allocate an additional EUR 1.2bn of EU funds for the construction of the Rail Baltica railway, the project’s coordinator, RB Rail, announced, LSM reports. Of the sum, around EUR 370mn will go to Estonia, EUR 346mn to Latvia, and EUR 458mn to Lithuania. Together with national co-financing, total available funding will…
The number of babies born in Estonia totalled 4,922 in the first half of 2024, which was 7% fewer than in the same period of 2023, according to preliminary data from Statistics Estonia, ERR reports. Statistics Estonia expects monthly births to continue declining in the second half of 2024 as well. At this pace, the…
Estonian President Alar Karis has tasked Kristen Michal of the Estonian Reform Party with forming a new coalition government, ERR reports. Michal now has 14 days to form a government. He expects a new coalition agreement to be ready by the end of this week. The coalition will consist of the same three parties as…
Internet connection speeds in Estonia are among the slowest in the entire EU, ERR reports. According to DELFI, Estonia ranks 26th out of all 27 EU member states by the share of households with internet connections of at least 100 mbps. While 76% of houses have high-speed broadband available, only 35.5% of Estonian households are…
Estonian Prime Minister Kaja Kallas has submitted her resignation to President Alar Karis, ERR reports. Kallas will also resign from her post as chairperson of the Estonian Reform Party. Earlier, she was nominated as the EU’s foreign policy chief. Kallas will remain acting head of the government until the new coalition is sworn into office, which…
Estonian Finance Minister Mart Võrklaev suggested floating the company coordinating the Rail Baltica railway project, RB Rail, on the stock exchange to raise more funds amidst rising construction costs, ERR reports. Construction costs in Estonia alone are estimated at EUR 3.1bn, with EUR 1.2bn secured from EU funding. Võrklaev said that the government expected to have…
Estonia’s incoming ruling coalition has agreed to implement budget cuts across all ministries, including defence and interior affairs, ERR reports. Margus Tsahkna, chairman of Estonia 200, said that each ministry would likely face a percentage-based cut to salaries and management costs, and that no new jobs would be created. The coalition plans to extend the…
Inflation in Estonia is expected to increase as of autumn 2024, with overall inflation projected to reach 4% by the end of the year, according to some analysts, ERR reports. The analysts attribute the anticipated rise to persistently high energy prices and wage growth driving up service costs. Despite a significant 40% surge in grocery…
Several countries have expressed interest in renting Estonia’s empty prison space, according to the Ministry of Justice, ERR reports. A ministry official said that neighbouring countries had shown interest, and that European statistics indicated a demand for prison space. However, legislative amendments were needed before renting out prison space, the official added. Earlier reports suggested…