Estonia’s GDP dropped by 2.1% in the first quarter of 2024, compared to the same period of 2023, according to Statistics Estonia’s flash estimate, Baltic News Network reported. The GDP decline thus slowed down, the preliminary data showed. Compared to the fourth quarter of 2023, the seasonally and working-day adjusted GDP remained unchanged.
The presidents of the three Baltic States issued a joint statement on the 20th anniversary of the accession of their countries to the EU in 2004, BNS reported. The presidents stressed the importance of EU membership for the well-being, security, and economic growth of the three Baltic countries. Also, the presidents called for opening EU…
Estonian bus operator Lux Express has opened a night-time bus service between Estonia’s second-largest city, Tartu, and the Latvian capital, Riga, BNS reports. The daily bus departs from Tartu at 11:15pm and arrives at Riga International Airport at 4:20am. In addition, Lux Express has a morning and an evening departure from Tartu to Riga, and…
The Estonian government’s planned new car tax will apply to used cars as well because of EU rules, ERR reports. Under the rules, the registration fee on cars will have to apply to second-hand vehicles already registered in Estonia. The government’s initial plan was for the fee to apply to imported vehicles only. The new…
Estonia rose two places to 6th place in the 2024 World Press Freedom Index of Reporters Without Borders (RSF), BNS reports. Estonia scored 86.44 points on the index, which was up from 85.31 points in 2023. Latvia ranked 12th (16th) with 82.9 (83.27) points and Lithuania 13th (7th) with 81.73 (86.79) points.
Airports Council International (ACI) has announced Estonia’s Tallinn Airport as the best European airport in the category of airports with 2-5 million passengers in 2023, BNS reports. At the same time, ACI awarded Tallinn Airport for being the most enjoyable, easiest, and cleanest airport in Europe. ACI has awarded Tallinn Airport for high-quality services six…
The Baltic bank, Luminor, has appointed Wojciech Sass as its new CEO and board chairman, replacing Peter Bosek, The Baltic Times reports. Prior to his appointment, Sass served as CEO of Belgium-based Aion Bank. Previously, he has worked as CEO of Nationale-Nederlanden Poland, deputy board chairman of BNP Paribas Bank Polska, and head of Boston…
Estonian biomaterials company Fibenol plans to invest EUR 600-700mn in a biorefinery in Latvia, ERR reports. Fibenol’s pretreatment technology will convert locally-sourced wood into biomaterials that can replace fossil fuel-based chemicals in various industries. The company had initially intended to build the plant in Estonia. Fibenol’s owner, Raul Kirjanen, noted that countries rich in wood…
The number of job vacancies rose in Lithuania but dropped in Latvia and Estonia in 2023, BNS reported. The number of vacancies increased by 5.7% in Lithuania, but decreased by 6.1% in Latvia and 14% in Estonia. Out of the total number of jobs, both occupied and vacant, the share of vacancies stood at 2.7%…