Nearly half of small and medium-sized enterprises (SMEs) in Estonia regard the country’s economic climate as being negative, according to a Turu-Uuringute poll for loan comparison platform Sortter, BNS reports. The survey showed that 46% of local entrepreneurs saw the economic climate as negative in August 2024. The main perceived challenges included operating costs (57%)…
Estonia has opened a new military base in the village of Juba, near the southern Estonian town of Võru, ERR reports. The Reedo army base has 14 buildings that can accommodate up to 1,000 Estonian and NATO military personnel. The base is a mustering zone where allied troops can prepare for combat. The construction costs…
The municipal public transport company of the Estonian capital, Tallinn, Tallinna Linnatransport (TLT), will temporarily replace all trolleybuses due to the poor condition of the fleet, ERR reports. TLT will replace the trolleybuses on all four routes with buses as of 1 November 2024. The company plans to procure new trolleybuses and electric buses. The…
The financial regulatory authorities of the eight Nordic and Baltic countries have conducted a financial crisis simulation exercise under the Nordic Baltic Stability Group framework, ERR reports. The exercise was aimed at testing preparedness for a potential crisis situation, including in communication, information sharing, and collaboration between the authorities. Around 450 participants representing Nordic, Baltic,…
A team of researchers at Estonia’s University of Tartu (TÜ), Tallinn University of Technology (TalTech), and the Institute of the Estonian Language (EKI) will teach the Estonian language and culture to large language models (LLMs), ERR reports. The project led by TÜ’s Institute of Computer Science will train open-source LLMs to speak Estonian more fluently…
Estonia’s new ambassador to Georgia, Marge Mardisalu-Kahar, has presented her credentials to Georgian President Salome Zourabichvili, Civil.ge reports. During the presentation ceremony, Zourabichvili and Mardisalu-Kahar discussed bilateral relations, Georgia’s EU integration, the situation in Georgia, and support for Ukraine. The ambassador assured that Estonia would continue to support Georgia’s Euro-Atlantic integration and Georgia’s territorial integrity….
Estonia’s state-owned postal services provider, Eesti Post, which operates under the Omniva brand, plans to raise the price of universal postal services by a third as of 1 January 2025, ERR reports. If the Estonian Competition Authority (Konkurentsiamet) approves the rate hike, the postage price of a standard domestic letter will rise from current EUR…
The Estonian government has allocated a record EUR 185mn of EU funds for renovating apartment buildings, ERR reports. Infrastructure Minister Vladimir Svet said that another EUR 80-90mn would be available for renovations annually over the next three years. The state will thus provide altogether almost EUR 500mn of support through various instruments for apartment building…
Estonia’s producer price index of industrial output (PPI) rose by 1.7% in August 2024, compared to the same period of 2023, according to data from Statistics Estonia, ERR reports. Producer prices rose by on year 1.4% in manufacturing but fell by 1.9% in the production of food products. Compared to July 2024, the PPI rose…
