Banks in Estonia made a net profit of EUR 356mn in the first half of 2026, which was almost the same as a year earlier, according to Taavi Raudsaar, economist at the Bank of Estonia, Baltic News reported. The total loan portfolio of banks amounted to EUR 30.0bn, which was up by more than 8%…
Estonia’s GDP rose by 2.1% in the second quarter of 2026, compared to the same period of 2025, according to Statistics Estonia’s flash estimate, ERR reported. Compared to the first quarter of 2026, the seasonally and working-day adjusted GDP rose by 0.4%. Tõnu Mertsina, chief economist at Swedbank, said that current estimates showed that Estonia’s…
European Commission official Maive Rute has announced that she is willing to run for president of Estonia, ERR reports. Currently, Rute serves as deputy director-general of the European Commission’s Directorate-General for Internal Market, Industry, and Entrepreneurship (DG GROW). Her name was first mentioned as a possible presidential candidate by former president Toomas Hendrik Ilves in…
Around 5,000 third‑country nationals come to Estonia every year for seasonal work, mostly on farms, according to the Police and Border Guard Board (PPA), ERR reports. Most seasonal workers come from Ukraine, Moldova, Uzbekistan, India, and Georgia. Before Russia’s full-scale invasion of Ukraine, many seasonal workers came from Belarus as well, but Estonia has since…
Estonia’s newly appointed ambassador to the US, Hannes Hanso, has announced that he would be ready to run for president, ERR reports. Previously, Hanso has served as Estonia’s ambassador to China, defence minister, mayor of Kuressaare, MP, and MEP. He was a member of the Social Democratic Party (SDE) from 2009 to 2019. Speaking in…
The city council of Estonia’s mostly Russian-speaking northeastern border town of Narva has elected the Estonian Centre Party’s Jaan Toots as the city’s new mayor, ERR reports. Toots replaced Katri Raik, who was ousted in a no-confidence vote after one city councillor defected from Raik’s Respect alliance to the Centre Party’s coalition partner, Plan B,…
The EU should ban the entry of over a million Russians for their involvement in the war of aggression against Ukraine, Estonia’s Interior Minister, Igor Taro, stated, BNS reports. Estonia has thus far added thousands of names to the list of individuals barred from entering the Schengen Area. Speaking in an interview with Kuku Raadio,…
Latvian President Edgars Rinkevics has turned to the State Security Service (VDD) over Hungarian banking group OTP Bank’s plan to acquire the Baltic banking group, Luminor Bank, LSM reports. He noted that the statement of intent on the possible acquisition was just the start of the process, adding that regulatory approval for the deal would…
A group of 30 public figures in Estonia have nominated Indrek Laul, CEO of Estonia Piano Factory, for president, ERR reports. The group behind Laul’s candidacy, which includes prominent entrepreneurs, academics, and cultural figures, stressed the need to bring together “knowledge, culture, and entrepreneurship.” Laul said that he would seek to unite “different worldviews, different…
