Estonia’s state-owned energy group, Eesti Energia, produced a record 252,461 tonnes of shale oil in the first half of 2023, which was up 20% from the same period of 2022, ERR reports. The company has three shale oil plants and is building a fourth one. Eesti Energia expects its annual shale oil production to reach…
Estonia’s producer price index (PPI) of industrial output fell by 1.9% on year in June 2023, according to Statistics Estonia, ERR reports. Compared to May 2023, the PPI dropped by 0.4%. The biggest impact on the index came from a fall in the price of electricity production and in the manufacture of wood products and…
Estonia’s Agriculture and Food Board (PTA) has confirmed African swine fever (ASF) at a pig farm in Rõuge municipality in Võrumaa county, ERR reports. The farm has been quarantined, and all of the farm’s 116 pigs will be slaughtered. The previous ASF outbreak at a pig farm in Estonia was recorded in Harjumaa county in…
Estonia’s Finance Ministry has proposed two alternative models for a motor vehicle tax, BNS reports. Under the first model, the tax would be based on the environmental impact of the motor vehicle over its entire life cycle, including manufacture, use, and disposal. Under the second model, the tax would be based on the amount of…
Construction work has begun on a new bridge in the centre of the Estonian seaside city of Pärnu, ERR reports. The 270-metre-long bridge will connect the city’s Lai Street on the southern bank of Pärnu River with Raba Street on the northern bank. The general contractor on the project is INF Infra, which is part…
The number of serious cyber incidents recorded in Estonia stood at almost 75 per week in the beginning of June 2023, which was up from around 40 incidents in the beginning of 2023, Tõnu Tammer, cyber incident manager at the Estonian Information System Authority (RIA), said, ERR reports. RIA’s experts have identified around a dozen…
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.