The Baltic States continue to have the highest loan interest rates in the eurozone, according to data from the European Central Bank (ECB), ERR reports. The average interest rate in the three Baltic countries was 5.9% at the end of November 2023. The eurozone average stood at 4.1%. Meanwhile, the average interest on consumer loans…
Estonia’s Ministry of Climate has confirmed the felling quota for the state forest management centre, Riigimetsa Majandamise Keskus (RMK), in 2024, ERR reports. Under the decision, the felling quota will remain unchanged at 9,180 hectares. The quota only relates to RMK’s forest land, which represents around 1% of Estonia’s total forest area. A little less…
Europe has three to five years to prepare for Russia to pose a serious threat to NATO’s eastern flank, Estonian Prime Minister Kaja Kallas estimated, ERR reports. Speaking in an interview with The Times, Kallas said that the time frame depended on NATO unity and continued support for Ukraine. She conceded that there were signs…
The Estonian Internal Security Service (KAPO) has arrested Vyacheslav Morozov, professor of international political theory at the University of Tartu, on suspicion of spying for Russia, ERR reports. Morozov, who is a Russian citizen, was remanded in custody for two months. The University of Tartu terminated his employment contract after the launch of the investigation….
The Estonian Education Personnel Union (EHL) has called an open-ended general strike of education workers for 22 January 2024, ERR reports. Around 2,800 teachers in Tallinn will participate in the strike and another 500 in a sympathy strike. Meanwhile, teachers in Tartu will not take part in the general strike as they have signed a…
Estonia’s Consumer Protection and Technical Regulatory Authority (TTJA) received over 4,000 consumer complaints in 2023, which was up from a little over 3,500 in 2022, ERR reported. Of all consumer disputes, over 900 related to leaving contractual agreements and 500 to damage. More than 50% of complaints related to purchases of furniture (around 300), health…
The number of traffic insurance cases registered in Estonia totalled 34,300 in 2023, which was almost unchanged from 2022, according to data from the Estonian Motor Insurance Bureau (LKF), ERR reports. The total volume of damages paid amounted to EUR 72mn, which was up 3% over a year. The average damage per case stood at…
The number of new layoffs in Estonia totalled 3,500 in 2023, which was 22% more than in 2022, according to data from the Estonian Unemployment Insurance Fund (Töötukassa), ERR reports. Around a third of those laid off were formerly employed in the manufacturing and another third in transport and storage. The biggest number of layoffs…
The Estonian state should consider buying a stake in Latvia’s national air carrier, airBaltic, Riivo Tuvike, CEO of Tallinn Airport, suggested, ERR reports. He argued that this would push airBaltic towards expanding operations at Tallinn Airport, where it is the market leader. Tuvike pointed out that Estonia was a “peripheral country,” saying that state support…