The National Audit Office of Estonia (Riigikontroll) found significant errors in the 2023 state budget act despite the overall accuracy of the state’s financial accounts, ERR reports. Key issues included incorrect recording of transactions in the budgets of the ministries of economy, regional affairs, and agriculture, leading to a discrepancy of EUR 122mn. Additionally, the…
Estonian MPs visiting China should not have allowed China to pay for their travel costs, Marko Mihkelson, chairman of the foreign affairs committee of the Estonian parliament, the Riigikogu, stated, ERR reports. Pointing to China’s support for Russia’s war against Ukraine and opposition to NATO enlargement, Mihkelson said that it would have been better if…
Estonia was the world’s largest exporter of prefabricated wooden houses in 2023, ELTA reports, citing Lithuanian business news portal Verslo Zinios. Estonia had a global market share of 21.5%, followed by Lithuania with 9.3% and Poland with 8%. Estonia’s exports of wooden buildings totalled EUR 390mn in 2023. Lithuania came in second with EUR 164mn, which…
Estonia’s state-owned aviation group, Nordic Aviation Group (Nordica), posted an unaudited net loss of EUR 19.146mn in 2023, which was down from a profit of EUR 1.514mn in 2022, ERR reports. The company has failed to submit an audited annual report to the commercial register on time. Nordica’s annual revenue totalled EUR 107.266mn, which was…
Estonia was “very disappointed” that Mongolia decided to welcome Russian President Vladimir Putin, Estonian Foreign Minister Margus Tsahkna said, BNS reports. He reminded that all parties to the Rome Statute are obligated to comply with the arrest warrant issued by the International Criminal Court (ICC) against Putin. The fact that the Mongolian government decided to…
The Estonian-Finnish undersea power cable, EstLink 2, will resume operations after repairs on 4 September 2024, BNS reports. The power interconnection was shut down due to a fault in late January 2024. The repairs involved replacing around 300 metres of cable and connection joints. Shore reinforcement and surface works and removal of temporary structures will…
Estonian Foreign Minister Margus Tsahkna urged Western countries to lift all restrictions on Ukraine’s use of Western weapons in the war with Russia, ERR reports. “Ukraine cannot fight with its hands tied behind its back and yet win this war,” he stated. Also, he called for caution over various “peace initiatives” to end the war,…
The Estonian government will impose a lower ceiling on parental benefits and a cap on sickness benefits as of 2026, ERR reports. The government will reduce the maximum rate for parental benefits from the current three times the average wage to twice the average wage. The cut will affect around 3,500 people annually, or about…
People in Estonia are getting married at an ever later age, according to data from Statistics Estonia, ERR reports. In 2023, just 24% of men and 34% of women were under 30 years old when they got married, compared to 60-70% in 1993. Meanwhile, 51% of newly married men and 46% of women were 30-44…