The prime ministers of the three Baltic States have signed a joint declaration to speed up the synchronisation of the Baltic power grids with the continental European network, ERR reports. Estonian Prime Minister Kaja Kallas said that the Baltic States would disconnect from the Russian-controlled BRELL system as soon as it was technically possible. She…
Estonian media reported that the Office of the President has made the promulgation of legislation passed by the parliament, the Riigikogu, contingent on the government agreeing to allocate additional funding, ERR reports. An anonymous minister told Postimees that Peep Jahilo, head of the Office of the President, requested an additional EUR 360,000 of funding from government…
Police in Estonia’s capital, Tallinn, briefly detained Ukrainian journalist Arkady Babchenko after he threw eggs at the Russian embassy in Tallinn’s Old Town, ERR reports. Babchenko told Postimees that he threw four eggs at the embassy building, and that the motive “should be obvious.” Such a reaction to Russian aggression in Ukraine was natural, he…
Estonia’s state-owned airline, Nordic Aviation Group (Nordica), generated a consolidated turnover of EUR 54.9mn in the first half of 2023, ERR reports. The group suffered a net loss of EUR 7.2mn. David O’Brock, chairman of Nordica’s supervisory board, noted that the situation in the aviation market was complicated, with late deliveries of leased aircraft, short…
Annual inflation in Estonia stood at 6.3% in July 2023, which was down from 22.8% a year earlier, according to Statistics Estonia’s preliminary data, ERR reports. Compared to June 2023, consumer prices declined by 0.39%. In June 2023, annual inflation stood at 9.2%.
Estonian consumers made purchases using payment cards, both home and abroad, for a total sum of around EUR 2.5bn in the second quarter of 2023, which was up 5.3% from a year earlier, according to data from the Bank of Estonia, ERR reports. Compared to the first quarter of 2023, card payments rose by 15.2%….
Estonia’s retail trade turnover fell by 9% in the first half of 2023 from a year earlier at constant prices, according to data from Statistics Estonia, ERR reports. In June 2023, retail trade turnover totalled EUR 896mn, which was down 8% over a year. Retail sales in stores selling manufactured goods fell by 12% over…
Estonia’s largest security firms increased their turnover and profit in 2022, ERR reports. G4S Eesti’s revenue totalled EUR 59.5mn in 2022, which was up 6% from 2021. The company’s annual profit amounted to EUR 1.9mn, which was up from a loss of EUR 300,000 a year earlier. G4S Eesti employed 1,880 people in 2022. Retail…
The Estonian Competition Authority (Konkurentsiamet) has approved a takeover of Tallinn’s municipal company, Tallinna Soojus, by private energy group Utilitas, ERR reports. Following the takeover, Tallinna Soojus and Utilitas will establish a new joint venture, Utilitas Tallinna Soojus, which will become the new parent company of Tallinna Soojus. Utilitas will own 66.66% and Tallinn municipality…