The investment banking and financial advisory company Prudentia and stock exchange Nasdaq Riga presented a list of ten most valuable Baltic companies today, reported The Baltic Course with reference to LETA.
Estonia is among top three most vulnerable EU member states that would suffer if Russia were to stop gas supply, and has gas reserves for only five days, reports ERR.
Estonian association of chemical industries has launched a campaign targeted against the plan of the Estonian Ministry of Environment to increase environmental fees between 3 and 10% a year for the next decade, writes Eesti Päevaleht.
The consolidated unaudited sales revenue of the listed Estonian retail group Tallinna Kaubamaja in the third quarter of 2014 was 133.2 million euros, 6.8 percent bigger than in the corresponding period a year ago.
Chief executives of Kuwei’ts eight largest travel agencies will visit Estonia in the final week of October on the invitation of travel agency Wris, writes Eesti Päevaleht.
Deputy Mayor of Tallinn Arvo Sarapuu admitted yesterday that Ester Tuiksoo, former member of Centre Party who was convicted of corruption in land-swapping scandal is working in the foundation that is preparing to set up a municipal bank, writes Eesti Päevaleht.
The three Baltic countries will sign the agreement on founding a joint venture to carry out the Rail Baltic railway link project in Riga on October 28.
In September, 19 percent more cars were sold in Estonia than in September 2013.
The Finnish food group HKScan is planning to invest 20 million euros into its meat processing factory in Rakvere.
Jõelähtme municipality near Tallinn sold a 1.4-hectare waterfront lot in Kaberneeme fishing village for 490,000 euros without notifying legal heirs who were entitled to the property, writes Eesti Päevaleht.
Centre Party’s leader Edgar Savisaar made sure that any hopes that Kadri Simson may have to be nominated the party’s candidate for PM, this is not going to happen any time soon, writes Postimees.
25,242 people were registered as unemployed in Estonia in September, according to Statistics Estonia.
Harju County Court will today start hearings in the case where Estonian businessman and former chairman of Port of Tallinn, Neinar Seli, is suspected of having abused his office when he voted in the Port of Tallinn’s supervisory board for sponsoring the Estonian Olympic Committee while he himself was president of EOC at the time.
House prices remained stable in the euro area and rose by 1.7 percent in the European Union in the second quarter of 2014, with the highest annual rise recorded in Estonia, it appears from data released by Eurostat.
Preliminary application for e-residency that Estonia will be offering for foreigners from December attracted more than 5,600 people in the first day, writes Eesti Päevaleht.
According to Statistics Estonia, 379,000 tourists stayed in accommodation establishments in August, which was 2% less than in August of the previous year.
Igor Rõtov, CEo of Äripäev, writes in Äripäev that strong investigative journalistm is critically important in every society and that Äripäev has been filling this duty well.
Local politician Taivo Luik who ran for the Reform Party in local elections is being accused of embezzling 214,000 euros from two Swedish customer, writes Postimees.
Tallinn Airport served 195,301 passengers in September, which is 2.6 percent more than a year earlier.
Estonian state-owned rail freight carrier EVR Cargo’s freight volume reached 1.23 million tons in September, increasing by 3.8 per cent year-on-year, said the company.
Ivar Veskioja, CEO of 1Office UK, writes that the UK and London is still an attractive destination for Estonian start-ups and tech companies. Renting your own office in London is more difficult in comparison to Estonia, on the one hand the reason for that is the flurry of historic legislation and on the other the different unwritten rules.
The Internal Market and Consumer Protection Committee of the European Parliament unanimously approved the candidacy of Estonia's former prime minister Andrus Ansip for the post of vice president responsible for the digital single market in the new European Commission under Juncker, Aktuaalne Kaamera reported.
Estonian MEP Indrek Tarand unleashed an attack over the Communist past of Andrus Ansip, a candidate for the post of vice president responsible for the digital single market in the new European Commission, writes Postimees.
In its report on the third quarter, the Estonian Institute of Economic Research (EKI) has raised its full-year economic growth forecast on Estonia to 2 percent from the estimate of 1 percent published in the report on the second quarter.
Estonian small and medium sized companies (SMEs) are generating more value added than in the pre-crisis level, shows the 2013/2014 Annual Report on European SMEs by the European Commission.
Estonian Association of Pharmacists is demanding that the Finnish Minister of Social Affairs and Health, Laura Ratya, studies whether Ülikooli Apteek, Estonian unit of Finnish-owned pharmacy group Yliopiston Apteekki, is abusing its market position in Estonia, writes Äripäev with reference to Kauppalehti.
Estonian icecream and frozen goods producer Premia Foods announced today that its ice cream and frozen goods business in Baltic states and Russia will be sold to Food Union, a Ukraine food business.
Estonian ferry operateor Tallink Grupp said that it carried 593,064 passengers in September.
Indrek Orav will be head of the holding company Rail Baltic Estonia OU, according to the foundation documents signed by Minister of Economic Affairs and Infrastructure Urve Palo last week.
Yesteday the supervisory board of the Estonian state-owned energy giant Eesti Energia elected Hando Sutter to become the company's next CEO.
Estonian Tax and Customs Board said this week that it is still waiting for 4.9 million euros in income tax and social tax as well as the second payment of land tax that was due by October 1.
Estonian Evangelical Lutheran Church plans to develop a 130-metre-high building in Tallinn centre for offices and apatments, writes Postimeees.
Eesti Päevaleht writes in its editorial that political parties have started their parliamentary election campaigns, focusing on two issues.
In August 2014 compared to August of the previous year, the retail sales of goods of retail trade enterprises increased 7 percent at constant prices and while in July retail sales increased 9 percent on year, in August the retail sales growth decelerated a little, Statistics Estonia reported on Wednesday.
The output of Estonia's industrial enterprises grew 3 percent in August year on year, reported Statistics Estonia.
The Nordic Investment Bank (NIB) and Latvia's state railway company VAS Latvijas Dzelzcels have signed a new 10-year loan, totalling EUR 17.3 million.
Estonian media outlets have come under pressure from Neinar Seli, one of the main financiers of the Reform Party, over reports that in October 2013 Seli had voted in the supervisory board of Port of Tallinn for donating 250,000 euros to the Estonian Olympic Committee, writes Äripäev.
EU has rejected the proposal to finance the development of joint LNG terminal projects proposed by the Estonian company Alexela Energia and Finland's Gasum Oy, writes Eesti Päevaleht.
Estonian business daily Äripäev has acquired Balti Juhtimiskonverentsi Ltd that organises management conferences under the name of Pärnu Konverentsid.
Estonia is living in a new situation, the previous success stories do not count and Estonia needs a broad-based government that would unit people, says former chairman of the supervisory board of Bank of Estonia, Jaan Männik.
Jaak Nigul, management board member of Tarmeko, writes in Äripäev that the popular debate today is whether Estonian businesses are too greedy to pay Finnish-level wages to their employees in Estonia.
Estonian Air started Monday flying to Stockholm's Bromma airport.
The three wealthiest Estonian businessmen are owner of a rail transport empire Oleg Ossinovski, property developer Hillar Teder and owner of VKG chemical group Priit Piilmann, writes Äripäev.
Businessman and former politician Jüri Mõis writes in Äripäev that he recalls when the then PM Mart Laar said at the first cabinet meeting that it was important to protect the people’s right to believe that it’s their government which is the stupidest on the planet.
Tallinn University of Technology professor Rainer Kattel writes in Postimees that because of the European debt crisis and the Ukraine crisis, the outlook for the Estonian economy remains bleak.
This week the government approved a cut in the mandatory unemployment insurance premiums paid by employees and employers by 0.6 percentage points to 2.4 percent combined, reported ERR.
Postimees writes that business organizations are increasingly critical of the way how the ruling coalition imposes new restrictions and obligations on businesses.
Äripäev’s editor-in-chief Igor Rõtov writes that Estonian businesses are ready to invest in their companies in spite of the unpredictable business climate outside Estonia.
Estonian central bank Bank of Estonia this week increased its GDP growth estimate for this year to 2.1 percent but lowered the forecast on 2015 to 2.5 percent.
The Ministry of Justice has proposed to amend the business code and give the Tax Board more powers to supervise whether companies file their annual reports in time, writes Äripäev.
This week the Estonian government approved the 2015 state budget with revenues of 8.45 billion euros and expenditures of 8.54 billion euros.
Eesti Ekspress weekly writes that Estonian authorities had jailed political activist Meelis Kaldalu at the time when US President Barack Obama was visiting Estonia September 3.
Although officially, Tallinn's roads are being cleaned by Teehoolduse Ltd, it is claimed that businessman Nikolai Ossipenko is getting his hooks in the business, writes Äripäev.
In August 2014, the producer price index of industrial output decreased by 0.1 percent compared to July and by 1 percent compared to August 2013, Statistics Estonia reports.
Tomorrow, on September 24, Äripäev business media group will host Business Plan 2015 (Äriplaan 2015), the leading business conference in Estonia that will bring together over 600 participants.
A new survey of Turu-uuringute AS that was held in August shows that the most trusted public institution in Estonia is the Rescue Board that was trusted by 96% of respondents, an increase of 0.4% from the previous survey made in May, writes Postimees.
Estonian businessman and Ex-PM Tiit Vähi said in his speech held on 10th international maritime conference that whether Estonians like it or not, but Russia will remain our neighbour.
It’s not surprising that in this unstable security situation where we have been living for the past years, Estonian state keeps regarding Russian capital as a source of major risk.
Trade, construction and industry were the top sectors for Estonia's fastest-growing companies by sales and exports, writes Äripäev.
At a time when in the last five years, Estonian labour market has lost about 40,000 people and, according to forecasts, another 40,000 will be leaving in the next five years, more and more foreigners are being attracted to Estonia in the hope to find better life, writes Äripäev.
The European Bank for Reconstruction and Development ( EBRD) cut its estimate of Estonian economic growth this year to just 1 percent from 2 percent in May.
The government decided yesterday at its meeting to continue with the plan to set up a Russian-language TV channel under Estonian Public Broadcasting Company ERR, reported Aktuaalne Kaamera.
SEB says in its September Investment Outlook that the Baltic states, especially Estonia, will be hardest hit by the Russia-Ukraine conflict as their trade with Russia is extensive.
On Tuesday, the Estonian government agreed on next year's annual budget in the total amount of 8.5 billion euros, reported ERR.
Baltic states were in the top four countries in EU where hourly labour costs increased most, reported Eurostat.
There is a big risk that the estimate of the structural surplus of the state budget in 2014-2015 is inflated, says the Estonian Budget Council.
Estonia is struggling to implement the EU energy directive that requests the country to save 7.1 TWh of energy by 2020, writes Postimees.
Teet Soorm, CEO of HKScan Estonia, Estonia’s largest meat packer, writes in Äripäev that Estonian pig farmers are ready to battle the African swine fever or ASF that threatens to annihilate the whole pig cattle in Estonia, but cannot do it without the Estonian state and the European Union.
Moonrider Ltd, a company owned by one of Estonia’s richest businessmen Marcel Vichmann, has filed a claim in court to declare businessman Oliver Kruuda bankrupt, while Kruuda denies any claims, writes Äripäev.
Estonian transit and logistics companies say that the June decision to amend excise duty regime banning specially marked oil or so-called blue diesel fuel will deal a death blow to the Estonian rail transport sector because a switch to a different fuel means higher costs that rail transport companies which are already suffering from loss of Russian business.
The Norwegian DNB bank is forecasting a 0.7 percent economic growth for Estonia for this year and a 2.5 percent growth for 2015.
Spanish businessman Juan Roman Saenz-Diez is representing financiers who are planning to build a large data warehouse in seaside Haapsalu in Western Estonia, writes Eesti Päevaleht.
European Union member states agreed on Thursday to implement a new round of sanctions against Russia, diplomatic sources said, after sharp disagreements on how to factor-in a ceasefire in Ukraine.
EstLink 1 and EstLink 2, the undersea power cables linking Estonia and Finland, are both down and will not be in operation also today, writes Äripäev.
As expected, former Estonian PM Andrus Ansip has been named candidate for European Commission vice president in the new team of EC President Jean-Claude Juncker.
Estonian Chamber of Commerce and Industry is actively lobbying MPs aimed at making sure that entrepreneurs have at least six months to adapt to tax changes, writes Äripäev.
Estonian Air said it carried 53,554 passengers in August, an increase of 3 percent year on year.
Several flights were delayed or cancelled in Tallinn Airport this morning because of thick fog, reported Delfi.
The Tallinn Airport said it served 208,370 passengers in August which is 4.3 percent more than a year ago.
Swedbank is considering raising Estonia’s economic growth forecast, the banking group said.
Some 150 Estonian enterprises and organizations, including Health Sickness Fund, are advertising their products in pro-Kremlin state media channels such as RTR Rossija which is also available in Estonia, writes Äripäev.
In what seems to be a major diplomatic row and the first serious standoff between Estonian and Russian security services, Eston Kohver, an official of KAPO, Estonia's national agency for counterintelligence, was reportedly kidnapped at gunpoint on Friday morning at Luhamaa border checkpoint on the Estonian side of the border by FSB, the Russian federal security agency, and taken to Russia.
Äripäev writes in its editorial that well-known Estonian enterprises are advertising their products in pro-Kremlin TV stations that are shown in Estonia.
Estonian economy grew 2.4% in the 2nd quarter year on year, Statistics Estonia announced in its
Estonia's ex-Prime Minister and current member of the European Parliament Andrus Ansip has reportedly been offered a vice president's position in the new European Commission and become responsible for the digital sector, reported Postimees.
A study made in the Ministry of Economic Affairs shows that if Gazprom were to stop supplying gas to Estonia, the country would have a gas supply for only five days, writes Eesti Päevaleht.
Estonian-based security-technology provider Guardtime has teamed up with Ericsson AB, the world’s biggest maker of wireless-network equipment, to improve the safety and transparency of the data transmitted over its systems, Äripäev reports.
Nordea Bank expects Estonian economy to grow 0.7 percent this year, compared to a previous forecast of 1.2 percent in June.