The Estonian retail bank, Coop Pank, made a net profit of EUR 19.741mn in the first half of 2023, which was up 144% from EUR 8.089mn in the same period of 2022, GlobeNewswire reports. Net interest income amounted to EUR 39.416mn (EUR 22.224mn) and net fee and commission income to EUR 2.211mn (EUR 1.699mn). In…
As many as 90% of cars used in Estonia are either petrol or diesel cars, according to a survey commissioned by insurance firm If Kindlustus, ERR reports. Meanwhile, 10% of cars have other types of engine, mostly hybdrid or gas-powered. Only 1% of respondents drive electric cars. The survey showed that 25% of respondents would…
Swedish media company Viaplay Group will exit the Baltic market as part of its cost-saving plans, ERR reports. Viaplay broadcasts entertainment and live sports, including matches from top European football leagues. Viaplay Group reported a net loss of SEK 6.174mn (EUR 534,000) in the first half of 2023.
Parties in Estonia’s ruling coalition government enjoyed the support of 44.4% of voters in June-July 2023, according to a new Norstat poll for the Institute of Societal Studies (YI), ERR reports. The survey showed that the Estonian Reform Party of Prime Minister Kaja Kallas had the support of 28% of voters, while the Social Democratic…
Canada’s Foreign Minister, Mélanie Joly, has appointed Laird Hindle as the country’s first ever ambassador to Estonia, ERR reports. Prior to his appointment, Hindle was Global Affairs Canada’s Deputy Director for Southern Africa. Joly said that the appointment would advance Canada’s strategic diplomatic presence in the Baltic States. She cited Russia’s invasion of Ukraine and…
The number of live births recorded in Estonia totalled 915 in June 2023, which was down 11% from 1,031 in the corresponding month of 2022, according to data from the Ministry of Interior, ERR reports. Altogether 483 boys and 432 girls were born in June 2023. Deaths totalled 1,292, which was down 7.7% from 1,392…
Estonia’s economic climate index stood at -19.4 points in June 2023, which was down by almost 9 points from March 2023, according to the Estonian Institute of Economic Research (EKI), ERR reports. The economic confidence index, which combines both business and consumer sentiment, stood at 78.7 points, which was significantly worse than the long-term average….
The total profit of banks operating in Estonia in the first half of 2023 was almost as high as in the whole of 2022, ERR reports. Swedbank’s net profit amounted to EUR 214mn in six months, which was EUR 148mn from a year earlier. In 2022, Swedbank’s annual net profit stood at EUR 224mn. SEB…
The Baltic States will decouple from the BRELL power grid linked to Russia and Belarus in the beginning of 2025, Estonian Prime Minister Kaja Kallas announced, ERR reports. Earlier, Lithuania urged the Baltic States to synchronise their power grids with the continental European system ahead of schedule in 2024. Kallas noted that such a rapid…