Tallinn Mayor and Centre Party leader Edgar Savisaar had a second operation yesterday at the Tartu University Hospital and because of an acute infection, doctors had to amputate one of his legs above the knee.
Russian airline Utair has cancelled plans to open a route between Tallinn and St. Petersburg which it planned to open this summer, reported ERR.
Artur Talvik, an MP for Free Party, writes in Postimees that coalition negotiations involving the Free Party were a real eye-opener for him.
Russian music critic and journalist Artjom Troitski writes in Eesti Päevaleht that he has always been a fan of passenger trains, but the current situation with the Tallinn-Moscow passenger rail service makes him sad.
The leader of the Social Democratic Party, Sven Mikser, says that now that Free Party has dropped out of consultations on forming a coalition, coalition-building needs to start from the scratch.
The producer price index of Estonia's industrial output in February was 0.9 percent lower than in January and 2.7 percent lower than in February 2014.
Juhan Teder, lecturer of Tallinn University of Technology, writes in Äripäev that the fact that last year about 1,000 fewer enterprises were founded in Estonia than in 2013 is a most worrying sign.
Tax authority says that the new requirements for businesses to report all transactions in excess of 1,000 euro has been vastly successful for the state, writes Äripäev.
Free Party yesterday proposed that the current coalition negotiations should be cancelled until solutions for key problems have been found, reported ERR.
The government's plan to guarantee everyone in Estonia by 2020 access to a fast internet connection is not achievable by the set deadline, shows a new report by the National Audit Office.
The chair of Estonian Railways CEO Ahti Asmann is definitely shaky over the recent scandal as it is suspected that assets worth up to ten million euros have gone missing or stolen from the state-owned enterprise, writes Äripeäv.
Since coalition negotations are still ongoing and IRL could still be included in the ruling coalition, one cannot say that IRL lost the general elections, say experts.
Finland's national carrier Finnair announced that it will take over from Flybe the daily service between Helsinki and Estonia's second largest town Tartu starting from the beginning of May.
Sixty-eight medical doctors from Russia’s St. Petersburg area are visiting health spas of Pärnu on the invitation of the establishments which hope to attract more Russian customers. In recent years, the flow of Russian customers in Pärnu spas is down by almost 40 percent, reported ERR.
The infamous Russian motorcycle gang Night Wolves is helping an Estonian NGO to send humanitarian aid to Donbass, writes Eesti Päevaleht.
Nordea bank in Latvia projects that Latvia's economy will grow 2.6% in 2015, Lithuania's economy will grow 2.8% this year and while Estonia will see 2% growth.
In the opinion of executives of Enterprise Estonia, because of its more expensive workforce, Estonia will remain less attractive for foreign investors than Latvia or Lithuania.
Estonian Air began flights to Paris. The three-times per week service is set to continue until October 25.
Because of technical problems in the online tax reporting system, several companies have found that Krediidiinfo credit reporting system has labelled them as tax debtors, writes Äripäev.
According to Statistics Estonia, 167,000 tourists used the services of accommodation establishments in January 2015, which is 2% fewer than in January 2014.
Estonia’s economy expanded 2.1% in 2014 and 3% in the 4th quarter of 2014, reported Statistics Estonia. The 2014 GDP at current prices was 19.5 billion euros.
In the fourth quarter there were 7,200 job vacancies in Estonia, Statistics Estonia reported.
It’s been two months that accountants have had problems in filing online income and social tax reports in the e-Tax Board system, writes Äripäev.
The four parties that are conducting coalition negotiations yesterday laid off gloves and started to discuss taxes and economy, writes Eesti Päevaleht.
Estonia’s January imports totalled 963 million euros at current prices, down by 5% year on year, according to Statistics Estonia.This is the lowest level of imports in the recent years. The previous time that imports were below a billion euros was in December 2011.
Commenting the recent report by CEED, businessman Indrek Neivelt writes that Estonia’s problem is that it is not receiving assistance from, but contributes to richer countries.
Tallinn city government has it has no plan to repay the sales tax levied on excise goods although introduction of such a sales tax has been deemed illegal by the European Court of Justice.
The Reform Party which won the recent general elections remains convinced that the objective should be to form a broad-based government with four parties, although IRL, Social Democrats and Free Party remain sceptical, reports ERR.
Although Centre Party and EKRE have been ruled out of the coalition at this stage, Centre Party has not lost all hope and is conducting its own consultations, writes Eesti Päevaleht.
Reform Party is clearly speeding the process of coalition negotiations as it does not want the thee parties it is now talking to - Social Democrats, IRL and the Free Party – to become too confident and start making demands.
The listed Estonian shipper Tallink Grupp carried 610,785 passengers in February, 5 percent less than in the same month last year.
Finance Minister Maris Lauri admitted at a press conference held yesterday that tax changes have been established too quickly and promised to avoid it in the future.
Toomas Kivimägi from Reform Party who was elected to the parliament announced today that he plans to resign as Mayor of Pärnu.
Free Party’s unofficial PM candidate Artur Talvik who got 7,305 votes in elections said that was surprised that Reform Party would get so many votes and won the elections.
Finance Minister Maris Lauri said today that she would like to see Marek Helm, director-general of the Tax and Customs Board, to remain in office and that Helm has accepted to stay on.
The ruling Reform Party held off a late challenge from the left-wing Centre Party in the general election held yesterday.
Net profit of Estonian shipper Tallink Grupp in 2014 fell 36.3 percent to 30 million euros compared to 47.1 million euros in 2013.
Tax and Customs Board director general Marek Helm handed in his letter of resignation yesterday to Finance Minister Maris Lauri.
Eesti Päevaleht ranked cabinet members, taking into consideration that most of them have been serving for a short time: while PM Taavi Rõivas has been in office less than a year, his Finance Minister Maris Lauri, for instance, took office four months ago.
According to Statistics Estonia, in the 4th quarter of 2014, the average monthly gross wages were 1,039 euros and increased by 5.3% compared to the 4th quarter of 2013.
In a radio show last week head of the Tax and Customs Board Marek Helm by accident mixed up his car’s license plate and gave a license plate which belongs to a Porsche.
Former Reform Party member and politician Anna-Maria Galojan who started her prison sentence this week has released documents showing that she and current Justice Minister Andres Anvelt visited London together in 2008 to meet with the Russian oligarch Vladimir Gussinski, writes Äripäev.
Aivar Hundimägi, deputy editor-in-chief of Äripäev, suggests to vote for individual politicians in the upcoming elections instead of political parties.
Heinz Valk who was a key player in the People’s Front movement says that the New Nordic country, a narrative for Estonia proposed by PM Taavi Rõivas, is very boring.
VKG Energia, subsidiary of the Estonian chemical group Viru Keemia Grupp (VKG), announced this week that it has signed an agreement with Lithuanian natural gas trading company Litgas to purchase liquefied natural gas (LNG).
Centre Party was five points clear of the Reform Party two weeks before the elections, shows a poll conducted by Turu-uuringute AS, at 27 percent and 22 percent, respectively.
Russian President Vladimir Putin has congratulated the head of state Toomas Hendrik Ilves on the anniversary of the Estonian state.
State energy group Eesti Energia is planning to further reduce its interest in the Jordan oil shale project.
Most business executives and leaders of Estonia’s largest business organisations say that last year was especially worrying because of the high number of laws adopted in Estonia which increased administrative and tax burden on businesses, writes Äripäev.
Centre Party chairman Edgar Savisaar writes in a public letter that Reform Party must change its policy which has cost Estonia already 70,000 jobs.
Ministry of Agriculture is preparing a claim to the European Court against the European Commission, claiming a refund of EUR 34.3 million euros that was a so-called sugar fine which Estonia was forced to pay for excessive sugar stocks upon EU accession, writes Postimees.
Greek airline Aegean Airlines will open a direct route between Athens and Tallinn for the summer months.
Estonia exported goods and services worth 12.1 billion euros in 2014, 2 percent less than the previous year, while imports decreased by a percent to 13.7 billion, meaning the trade deficit increased, to 1.6 billion.
British company International Personal Finance (IPF) has acquired MCB Finance Group (MCB), the holder of the Credit24 trademark.
One of the reasons why there are a lot of people in Estonia without professional education as well as low participation in lifelone learning is the large number of dropouts, says a report by Praxis thinktank.
In January almost as many new cars as were sold in Estonia as year ago were sold in Estonia, says the association of Estonian car dealers and service companies AMTEL.
The three largest dividends were last year earned by Armin Karu, owner of Olympic Entertainment Group, Sergei Petrov and Sonny Aswani, according to the Äripäev survey of Estonia’s largest dividends that company shareholders took out last year for 2013 results.
Companies registered in Estonia that have their main business in Finland and Sweden are under a special focus of the tax authorities of these two countries, writes Äripäev today.
AlcorDistillery that started operations last autumn in the production premises of Onistar after the latter went bankrupt ows 2.1 million euros in excise duties and VAT, but the company’s owners say this is normal, writes Äripäev.
Estonian government this week submitted to the European Commission an application of the Estonian Spirit distillery for the registration of the Estonian Vodka/Eesti Viin geographical indication for vodka made in Estonia using local grain and water.
Äripäev writes that several Estonian producers are now looking towards China, although the country has stringent import rules. Some of the examples of Estonian products that take advantage of coming from pure Nordic nature include water, honey and bilberries.
Estonian ferry operator Tallink Grupp carried 538,929 passengers in January, 3.9 percent less than in the same month last year.
Partners Group, an international investor, has paid 163 million euros to Danish investment company Northern Horizon Capital for the majority of the real estate held by BPT Optima in the Baltic states and Poland.
Publicist and columnist Janek Mäggi says that, in his opinion, President Ilves could have emphasised more the role of entrepreneurs in its 2014 honors list that was published yesterday.
The management board of Estonian central bank Eesti Pank is auctioning its manor complex in Maardu at the starting price of EUR 2 million, reported ERR.
New requirements for Estonian businesses for reporting income and social tax entered into force on January 1, but Tax Board’s online systems will start accepting income and social tax declarations only on February 9, ie one day before the statutory reporting deadline.
Eften Real Estate Fund II that belongs to Eften Capital has acquired the real estate and operator company of Radisson BLU Sky hotel in Tallinn for 46 million euros, Eften Capital said today.
Egon Veermae, deputy director general of the Tax and Customs Board, said that after introducing a requirement to declare transactions in excess of 1,000 euros, the Estonian Tax Board has been able to prevent at least 21 million euros in potential tax fraud.
The number of labour disputes that are handled by the Labour Inspectorate in Estonia has been going up 57% in the last two years, writes Äripäev.
Edgar Savisaar, chairman of Estonia’s largest opposition party, writes in Äripäev that he has an economic plan that will make Estonia’s economy to grow 2 to 3 times faster than the EU average.
Estonian investor Heldur Meerits says in an interview to Äripäev that promises to make Estonia one of the richest nations in Europe are foolish, and that the narrative proposed by PM Taavi Rõivas – New Nordic Country – is not much better.
Latvian national airline Airbaltic continues to put pressure on Estonian Air by announcing a third direct route from Tallinn.
Latvian carrier Airbaltic said yesteday it will launch seasonal flights on the Tallinn-Vienna route on May 7.
Two Estonian developers of taxi booking service apps are accusing each other, writes Eesti Päevaleht.
Estonia was ranked eighth in the fresh Economic Freedom Index that is prepared by Wall Street Journal and Heritage Foundation, reported ERR.
Swedbank, the largest bank in Estonia, expects real wages to increase 6.5 percent in Estonia this year.
There are both pragmatic and moral reasons why Estonia should allow more foreigners to settle in the country, Aivar Hundimägi, head of the investigative journalism department of Äripäev, writes in Äripäev.
Swedbank has cut its forecast of Estonia's economic growth this year by half a percentage point, from 2.5 percent to 2 percent.
According to columnist Jaan Roosaare, Estonia should introduce mandatory health examination.
Perevara, a milk farm in Jõgeva county that has 5 production units, 100 employees and 1,300 cows announced today that it is going to lay off 75 people and close four out of its five units, leaving only 220 cows.
Latvian national carrier airBaltic will launch its second direct route from Tallinn to Germany this summer.
As expected, opposition in the Tallinn City Government failed in a no-confidence vote against Mayor of Tallinn Edgar Savisaar today, reported ERR.
Andreessen Horowitz – the venture capital firm created by Netscape and Opsware founders Marc Andreessen and Ben Horowitz - has led a Series C $58m round in Europe’s leading financial tech start-up TransferWise, according to a company announcement.
Executives of All Nippon Airways (ANA) are studying ways to improve air connections and engage in cooperation with Estonian Air, according to Estonia's Minister of Foreign Trade and Entrepreneurship Anne Sulling who is currently on a visit in Japan.
After a five-month hiatus, ferry service between the Port of Sillamae in Northeast Estonia and the Russian port of Ust-Luga has been re-opened, reported ERR.
The lowest ratios of government debt to gross domestic product at the end of the third quarter of 2014 were recorded in Estonia at 10.5 percent, Luxembourg (22.9 percent) and Bulgaria (23.6 percent), it appears from figures released by Eurostat, the statistical office of the European Union.
Gert Jostov, CEO of Technopolis Ülemiste, writes in Äripäev that the rapid swing of Estonian parliamentary parties to the left, judging on their election promises, is the biggest threat at present to Estonia’s economic sustainability.
Majority of businessmen interviewed by Äripäev say they approve the proposals made by Mart Laar, especially about reducing election spending and the number of officials, writes Äripäev.
Mart Laar, ex-PM and current supervisory board chairman of Estonian central bank, has come up with his own ideas of what kind of reforms Estonia needs, writes Äripäev.