Estonia’s Ministry of Justice reported that 66% of legal entities submitted their annual reports for the 2023 fiscal year by the deadline of 1 July 2024, which is an improvement from just 56% a year earlier, ERR reports. A ministry official said that the better compliance was due to recent changes aimed at motivating timely…
Estonia’s Ministry of Finance plans to issue bonds specifically for Estonian citizens for the first time, allowing small investors to benefit from a fixed interest rate and trade the bonds on the Nasdaq Tallinn stock exchange, ERR reports. Finance Minister Mart Võrklaev says that the aim is to diversify the state’s funding sources and provide…
Estonia’s Ministry of Education and Research is seeking to amend legislation to better regulate the administrative language of municipalities and universities, ensuring that dealing with the entities does not require the use of a foreign language, ERR reports. The amendment would enforce existing requirements for municipalities to conduct administrative affairs in Estonian, addressing instances where…
Estonia’s newly-formed opposition party, Estonian Nationalists and Conservatives (ERK), still needs 20 more members to be registered officially, ERR reports. A political party needs 500 members to be registered. ERK deputy chairman Silver Kuusik assured that the party would be registered in July 2024. ERK held its founding meeting on 29 June 2024, electing MP…
Electrifying the public transport system in Estonia’s Harjumaa county would require EUR 2bn in grid investments, Tallinn deputy mayor Kristjan Järvan stated, ERR reports. He said that the project would include major upgrades to both the distribution and transmission networks to support the increased use of electric vehicles. Electrifying Tallinn’s bus fleet alone would cost…
The commander of the Estonian Defence Forces (EDF), General Martin Herem, has calculated that funding needed for additional ammunition amounts to around EUR 3.2bn, Defence Minister Hanno Pevkur revealed, ERR reports. He said that the critical amount of funds needed was EUR 1.6bn. The calculation was based on the targets to be destroyed in a…
Estonia’s consumer price index rose by 2.8% on year in June 2024, according to preliminary data from Statistics Estonia, ERR reports. Compared to May 2024, consumer prices rose by 0.5%. In May 2024, the annual inflation rate stood at 2.9%. In 2023, annual inflation was 9.%.
Estonia’s raw milk production per dairy cow rose by 5% in 2023 from the year before, which was the highest increase in 31 years, according to a report from the European Commission, ERR reports. In terms of milk production per cow, Estonian farms are second only to Denmark in the EU, Tanel-Taavi Bulitko, CEO of…
Estonian mobility company Bolt posted revenue of EUR 1.7bn in 2023, which was up 37.4% from EUR 1.2bn in 2022, ERR reports. The company’s operating loss stood at EUR 94.3bn, compared to EUR 262.6mn a year earlier. However, annual net loss rose to EUR 91.9mn from EUR 72.2mn in 2022. Bolt offers taxi, delivery, and…