Estonia’s retail group, Tallinna Kaubamaja Grupp (TKM Grupp), posted unaudited consolidated sales revenue of EUR 460.5mn in the first half of 2023, which was up 11.8% from EUR 411.9mn in the same period of 2022, GlobeNewswire reports. Sales of the group’s supermarkets amounted to EUR 301.7mn (up 6.5%), department stores to EUR 51.7mn (up 6.7%), car…
The Estonian Business School (EBS) has obtained a planning permit for the construction of a new campus in central Tallinn, ERR reports. EBS will begin building the 44,000 m2 campus on Tallinn’s Ants Lauteri Street in the second half of 2023. The campus will include a 30-storey office tower, catering facilities, a sports centre, and…
Estonia does not need a permanent NATO brigade, Defence Minister Hanno Pevkur stated, ERR reports. He noted that Estonia already has more than 2,000 allied troops permanently stationed in the country. Estonian society would not be prepared for the construction of another large military training area in the country, he argued. Also, an additional deployment…
Latvia’s foreign trade turnover totalled EUR 17.93bn in the first five months of 2023, which was down EUR 718.4mn (3.9%) from the same period of 2022, according to provisional data from the Central Statistical Bureau, LSM reports. Exports totalled EUR 8.12bn, which was down EUR 281.2mn (3.3%) over a year. Imports totalled EUR 9.81bn, which…
The total area of agricultural land in Estonia has remained almost unchanged in 2023, according to Statistics Estonia’s preliminary data, The Baltic Times reports. Meanwhile, the area of arable land out of use for one year or more amounts to 28,200 hectares, which is 2.5 times more than in 2022. The area of land used…
The cost of Russia’s continued aggression against Ukraine far outweighs the cost of stopping it, Jonatan Vseviov, secretary general of Estonia’s Foreign Ministry, stated. Speaking in an interview with Estonian World, Vseviov said that Estonia’s policy was to push Russia back into Russia, adding that every country can do their part to help stop Russian…
The Nordic and Baltic countries and Poland expect Sweden’s membership of NATO to increase security in the Baltic Sea region, The Baltic Times reports. Swedish Prime Minister Ulf Kristersson said that Sweden was joining NATO as a “motivated partner,” after 200 years of non-alignment. Finnish President Sauli Niinistö reiterated that Finland’s membership of NATO was…
The threat from Russia is and will remain real, and all NATO allies must understand and take it “extremely seriously,” Estonia’s Prime Minister, Kaja Kallas, stated, The Baltic Times reports. Speaking at the opening debate of a NATO conference in Vilnius, Kallas noted that all allies contributed 2% of GDP to defence in 1988 because…
Estonia’s parliament, the Riigikogu, will start processing hundreds of amendments submitted by opposition parties to block legislation if they are not withdrawn, deputy speaker Toomas Kivimägi (Reform) stated, ERR reports. Kivimägi said that he had asked the opposition’s Conservative People’s Party of Estonia (EKRE), Estonian Centre Party (Keskerakond), and Fatherland (Isamaa) to withdraw their submissions…