Estonia’s state-owned airline, Nordic Aviation Group (Nordica), generated consolidated revenue of EUR 85.5mn in the first nine months of 2023, which was up 29.8% from the same period of 2022, ERR reports. The rise in revenue was due to fleet expansion and increased number of passengers. However, revenue remained significantly lower than targeted due to…
Estonia’s state-owned airline, Nordic Aviation Group (Nordica), generated a consolidated turnover of EUR 54.9mn in the first half of 2023, ERR reports. The group suffered a net loss of EUR 7.2mn. David O’Brock, chairman of Nordica’s supervisory board, noted that the situation in the aviation market was complicated, with late deliveries of leased aircraft, short…
Estonia’s Ministry of Climate has drawn up an updated national energy and climate plan that includes more ambitious renewable energy and climate neutrality targets, ERR reports. Under the plan, Estonia would produce all power from renewable energy sources by 2030 and be completely climate neutral by 2050. Climate Minister Kristen Michal asserted that the plan…
The Estonian State Fleet (Riigilaevastik), responsible for managing vessels previously owned by multiple state agencies and enterprises, began full operations on 1 July 2023, Postimees reports. The State Fleet has nearly 300 vessels under management. The agency will manage watercraft and floating markings, icebreaking operations, and pilot services. Climate Minister Kristen Michal said that the…