Estonian Prime Minister Kristen Michal has submitted his government’s draft state budget for 2025 and budget strategy for 2025-2028 to the country’s parliament, the Riigikogu, ERR reports. According to the Ministry of Finance, budget expenses and investments will increase by 3.8% to EUR 19.1bn and revenues by 5.2% to EUR 17.7bn in 2025, ERR reported….
The European Bank for Reconstruction and Development (EBRD) expects the Latvian and Lithuanian economies to grow and the Estonian economy to contract in 2024, LSM reports. The bank lowered its GDP growth forecast for Estonia and Latvia, but raised its forecast for Lithuania. EBRD now expects Estonia’s GDP to decline by 0.8% in 2024, down…
Sweden-based Scandinavian Airlines (SAS) will end its cooperation with Estonia’s state-owned Nordic Aviation Group (Nordica), ERR reports. SAS has informed Nordica’s subsidiary, Regional Jet (Xfly), that it will terminate its wet lease agreement on flights between Tallinn and Stockholm. SAS may cut the number of flights on the route from six to two per day. SAS…
Estonian officials have again refuted suggestions that the rupture of the Balticconnector gas pipeline and two data cables in the Baltic Sea by the Chinese cargo ship, NewNew Polar Bear, in October 2023 was an accident, ERR reports. “You would need to find a very stupid captain” for the incident to have been an accident,…
Estonia and the US have signed a memorandum of understanding on cooperation in countering information manipulation, ERR reports. The memorandum stresses the importance of media freedom in protecting the information space. Estonian state secretary Taimar Peterkop said that Estonia could share with allies its experience in dealing with Russian information attacks. The US has signed…
Estonia will chair the Freedom Online Coalition (FOC) in 2025, Foreign Minister Margus Tsahkna announced, ERR reports. He said that Estonia’s primary objective would be to share its know-how in building an e-state. Also, Estonia’s chairmanship would focus on values of openness, transparency, access to information, and inclusion, Tsahkna added. The FOC is a group…
Estonia’s GDP will decline by 0.4% in 2024, before rising by 1.9% in 2025 and 3.0% in 2026, according to the Bank of Estonia’s latest forecast, ERR reports. Annual inflation will reach 3.5% in 2024, rising to 3.9% in 2025 and then falling again to 3.6% in 2025, the central bank projects. Inflation will rise…
The Estonian Trade Union Confederation (EAKL) and the Confederation of Estonian Employers (ETK) have begun negotiations on the minimum wage for 2025, ERR reports. EAKL demands that the minimum wage be raised by 12%. Arto Aas, managing director of ETK, has little hope of an agreement. Earlier, EAKL and ETK signed a “goodwill agreement” to…
The presidents of the three Baltic States — Estonia’s Alar Karis, Latvia’s Edgars Rinkevics, and Lithuania’s Gitanas Nauseda — have called for reforming the United Nations Security Council (UNSC), BNS reported. They stressed the need to support Ukraine and hold Russia accountable for its military aggression. Karis pointed to the UNSC’s current inability to resolve conflicts,…
