NATO has sent more warships to the Baltic Sea ahead of the defence alliance’s Vilnius summit, Giedrius Premeneckas, commander of the Lithuanian Navy, announced, BNS reports. Premeneckas said that allied ships ensured air surveillance, maritime situation surveillance, and interoperability. The allied naval force includes German, Italian, Polish, and US ships. The NATO summit will take…
The Estonian property developer, Estera Saue, plans to build a new residential area in Saue municipality, on the outskirts of Tallinn, ERR reports. The housing project will consist of over 1,000 apartments primarily targeted at young families. The project will include a mix of apartment buildings, terraced houses, private houses, and commercial premises. Amenities such…
The 13th Youth Song and Dance Festival (Laulupidu) in Estonia’s capital, Tallinn, attracted around 90,000 spectators who watched performances by 31,415 singers, dancers, and musicians, ERR reports. Around 120,000 reusable bowls and spoons were handed out to participants during the festival weekend, while 134,000 dishes and 44,000 utensils were issued to spectators. Around 350 police…
Estonia’s industrial production output declined by 12.7% at constant prices in May 2023, compared to the same period of 2022, according to data from Statistics Estonia, ERR reports. Output fell by 31.5% in electricity production and 13.1% in manufacturing. Meanwhile, output rose by 36.3% in mining and quarrying. Helle Bunder, leading analyst at Statistics Estonia,…
Several growth companies on Estonia’s Tallinn Stock Exchange (Nasdaq Tallinn), including Clevon, ELMO Rent, and Hagen Bikes, saw significant losses in 2022, ERR reports. ELMO Rent’s annual turnover was only half of the forecasted amount, resulting in losses that were more than double the expectations. Despite the declining share prices and growing panic among shareholders,…
The Estonian Association of Media Enterprises (EML) strongly opposes a proposal for the Estonian Consumer Protection and Technical Regulatory Authority (TTJA) to function as an independent media regulator for the entire media market, ERR reports. The Ministry of Culture has shared the draft proposal with over 40 organisations and institutions, seeking their feedback. EML emphasised…
Estonian shipping company Tallink Grupp carried a total of 1,541,081 passengers in the second quarter of 2023, which was down 0.7% from 1,552,174 in the same period of 2022, The Baltic Times reports. The drop was mostly due to the fact that the company has chartered out 7 of its 15 vessels. Tallink transported 85,359…
Lithuania’s state-owned railway company, Lietuvos Gelezinkeliai (LTG), generated revenue of EUR 434.1mn in 2022, which was down 6.7% from EUR 465.1mn in 2021, LRT reports. The company’s annual net profit amounted to EUR 1.2mn, which was down almost 20 times from EUR 23.5mn a year earlier. LTG’s freight volume totalled 31mn tonnes in 2022, which…
The Lithuanian parliament, the Seimas, has begun discussing a proposal from the parliamentary speaker, Viktorija Cmilyte-Nielsen, to seek the Constitutional Court’s opinion on the compatibility of the Istanbul Convention with the country’s Constitution, BNS reports. The corresponding draft resolution passed the first reading in parliament. The final vote on the resolution will take place in…