Estonia: MS Estonia wreck investigation finds no evidence to refute official report

An investigation of the wreck of the MS Estonia passenger ferry has found no evidence that would contradict the official report on the accident, ERR reports. Märt Ots, director of the Estonian Safety Investigation Bureau (OJK), said that the international investigation team would build a digital model of the vessel in 2024. The final report…

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Estonia: Ministry proposes ending universal electricity contracts automatically

Estonia’s Ministry of Climate has proposed ending universal electricity service contracts automatically, ERR reports. Under the proposal, customers with universal service would be switched automatically to state-owned energy group Eesti Energia’s general service if the average market price of electricity remains below the universal service price for three consecutive months. Eesti Energia’s general service would…

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Estonia: Clevon to delist without buying back minority shares

The Estonian developer of autonomous vehicles, Clevon, plans to delist its shares from the Nasdaq First North stock exchange without taking over the shares of the company’s minority shareholders, ERR reports. Earlier, the loss-making company announced that it would delist and buy out its minority shareholders. However, Clevon has failed to find an investor to…

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Estonia: Maag Grupp’s acquisition of HKScan’s Baltic business approved

The Estonian Competition Authority (Konkurentsiamet) has approved Finnish meat processing group HKScan’s sale of its Baltic businesses to Estonia’s Maag Grupp, LSM reports. However, Maag Grupp will have to sell two of its major food brands, Rannamõisa and Rannarootsi Lihatööstus, ERR reports. Under the deal signed in December 2022, Maag Grupp will acquire HKScan’s Rakvere…

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Estonia: Climate Ministry updates national energy, climate plan

Estonia’s Ministry of Climate has drawn up an updated national energy and climate plan that includes more ambitious renewable energy and climate neutrality targets, ERR reports. Under the plan, Estonia would produce all power from renewable energy sources by 2030 and be completely climate neutral by 2050. Climate Minister Kristen Michal asserted that the plan…

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