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…
Estonia has officially joined the European Organization for Nuclear Research (CERN) as the organisation’s 24th member state, Estonian World reports. Estonia applied for CERN membership in 2018. Estonia signed the first cooperation agreement with CERN in 1996 and gained associate member status in 2021. As a full member state, Estonia will have voting rights in…
The average monthly wage in the Baltic States rose the fastest in Lithuania in 2023, according to research agency Figure Baltic Advisory’s study, LETA reports. The average wage rose by 8.8% in Lithuania, 8.2% in Latvia, and 7.3% in Estonia over a year. The agency projects that the monthly basic salary will rise by 6.3%…
Hungary is siding with Russia in the war against Ukraine, Estonian Foreign Minister Margus Tsahkna suggested, ERR reports. Speaking on ETV, Tsahkna said that Hungarian Prime Minister Viktor Orbán had begun “fighting for the opposing team.” The Hungarian position was “far removed” from what the EU had agreed upon, Tsahkna stated. He said that Estonia…