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…
Estonia’s Foreign Ministry denied any change in the country’s Middle East policy after Estonia voted for a UN General Assembly resolution condemning Israel’s occupation of Palestinian territories, ERR reported. Earlier, several former foreign ministers and MPs suggested that Estonia’s recent UN votes on Palestine implied a shift in Estonia’s foreign policy. The Foreign Ministry’s secretary…
Estonia’s central bank, the Bank of Estonia, will stop ordering one and two-cent coins as of 2025, ERR reports. Under new rounding rules, cash transactions will be rounded to the nearest five cents. Rait Roosve, head of the Bank of Estonia’s cash and payment systems department, noted that the smallest coins were seldom used for…
Estonia’s Tallinn Administrative Court has overturned the government’s decision to extradite Estonian citizen Andrei Sevljakov to the US, ERR reports. The court pointed to concerns that detention conditions in US prisons may not meet humane standards. The court instructed the government to obtain assurances from the US that Sevljakov’s prison conditions will not be inhumane….
Estonia has voted in favour of a UN General Assembly resolution urging Israel to end the occupation of Palestinian territories, ERR reports. Foreign Minister Margus Tsahkna noted that international law must apply to all UN member states. At the same time, he stressed that the vote did not change Estonia’s support for Israel. The US…
Estonia’s state-owned national air carrier, Nordica, may lose its main partner, Sweden-based Scandinavian Airlines (SAS), ERR reports. Nordica provides operational services under the Xfly brand, and SAS has been Nordica’s largest client. However, SAS has now signed a long-term cooperation agreement with Sweden’s Braathens Regional Airlines (BRA). Sander Salmu, deputy secretary general for mobility at…
Latvia’s national air carrier, airBaltic, may gain a new strategic investor either before or after the company’s planned IPO, according to CEO Martin Gauss, LETA reports. The company expects to announce the IPO in the second half of 2024 or in 2025. The goal is to raise EUR 300mn on the stock exchange, ERR reports….
The Estonian government has agreed on switching to need-based social benefits in 2028, Education Minister Kristina Kallas announced, BNS reports. She argued that the state and taxpayers could no longer afford distributing equal support to everyone, and that doing so was not even necessary. Better data would allow the state to provide better personalised services, Kallas…