Estonia nears readiness regarding top topics for Europe
As of today, 325 days remains till Estonia's presidency of EU. Post-Brexit, our officialdom is busy as bees to make it a success while flames of eurosceptisism are fanned by candidacy of Donald Trump in USA .
11.08.2016, Joosep VärkPM
Editorial: Ida-Viru County needs a vision for the future
Ida-Virumaa and its largest city Narva of nearly 60,000 inhabitants has been rather prominent in local and international media these past few years. predominantly, this has been because of the 2014 events in Ukraine: many a Western journalist has been seeking for another Donbas and Crimea both in Narva and the Latvian region of Latgale. Even so, the Daugavpils and Narva reality has proven otherwise, and one may understand the displeasure in locals regarding such focus.
State ponders purchase of big church building in Narva
Yesterday, bankruptcy committee for Narva Alexsander's congregation decided to cancel auction of the church building as, among others, asked for by interior ministry considering its purchase for the state.
06.05.2016, Tiina KaukverePM
EU directive to hit tiny tourism firms hard
Fresh EU directive will make life harder for smaller tourism firms required to provide full insurance of services. Should a tourist run into trouble during his travel such as airline filing bankruptcy, travel agent pays back full money. For large companies (such as Estravel) the requirement has always applied; however, it will now be extended to the smaller firms providing two services – accommodation and entertainment.
27.04.2016, Johanna VahuriPM
Forecast forces government to tighten belt
Economic forecast tweaked to be more pessimistic than in autumn means that new sources are needed to cover budget deficit for 2018.
06.04.2016, Marge TubalkainPM
Tiit Kuuli: state's best security guarantee is economic wellbeing
During his long career, construction company Oma Ehitaja chairman Tiit Kuuli has not been in media too often but now the post presents a responsibility. He remains modest however and says that in a representative body with 15 professional associations and 15 top managers featured, the role of an individual must not be exaggerated.
07.03.2016, Kadri HansaluPM
Work group to hunt elephants hindering economy of Estonia
Summonsing the economic experts, Prime Minister of Estonia Taavi Rõivas is after ideas on how to reach the Nordic livings standards while avoiding the setting of a date.
01.02.2016, Kadri HansaluPM
Incoming helmsman believes Port of Tallinn not steeped in corruption
To boost competitiveness, the port and Estonian Railways will need to operate as a cluster or holding corporation says Valdo Kalm yesterday elected as Port of Tallinn CEO.
15.01.2016, Andres ReimerPM
Africa en example for energy independence to Estonia
Thanks to technology revolution, the Estonian eager for innovation will within years break free from energy taxes imposed by the state, and of the major producers pampered with subsidies, predicts World Energy Council's European region head Einari Kisel.
11.01.2016, Andres ReimerPM
Sugar tax crammed down nation's throat
Social ministry considers not resistance by nutrition experts and is unwilling to leave sugar tax out of nutrition policy green book.
17.12.2015, Hanneli RudiPM
The random use of EU money
Over these past seven years, Estonia's parishes and towns have received €4bn of European Union funding while equality of counties remains elusive.
01.12.2015, Anneli AmmasPM
Editorial: euro era dawning on Finland
Profound are the shakings in Finnish society, as visible in the strike and protests. The backdrop issue being how the nation will go from here: is the long-held tradition of employers, employees and government three-party-talks going to break, with trade unions losing ground?
Gunnar Okk: related specialties should be taught in one university
Tomorrow, Nordic Investment Bank vice president Gunnar Okk will address research and development committee chaired by Prime Minister to report on situation and options for higher education and research in Estonia. Employees at universities and research agencies are anxious to hear what the report will reveal. In interview underneath, Mr Okk will allow an initial peek.
24.08.2015, Anneli AmmasPM
SEB: Estonia hit by housing price bubble
Estonians may enjoy consuming boom till entrepreneurs are able to produce ever more effectively, lift wages and keep unemployment rise in check, says SEB chief Allan Parik, who thinks that while sailing on thin ice in this crisis-smelling world, Estonian businessmen stand on secure foundations and have thus far managed to react correctly to changes in economic environment. Domestic consumption remains solid, unemployment is low, and entrepreneurs are showing strong competitiveness on the weak external markets. No near term solution is to be expected t the differences with Russia, and therefore it makes no sense inserting deals with them into business plans.
06.08.2015, Andres ReimerPM
University of Tartu seeks to swallow three institutes
Despite the sleepiness of summer, employees at the Institute of the Estonian Language (EKI) are deeply disturbed that their institution – a bastion to defend and develop the native tongue – is in danger of takeover by University of Tartu (TÜ) as approved by the very Ministry of Education and Research.
05.08.2015, Anneli AmmasPM
Enterprise Estonia again faced with reshuffle
Caught in the whirlwind of promises uttered by fresh governmental coalition, the foundation Enterprise Estonia (EAS) is rearranging both structure of organisation and administration. Starting June 1st, 16 posts will be cut – five percent of staff thus thinned out. On top of that, many a minister has set his sight on the very EAS to cover costs or fulfil personal ambitions. As we remember, it was as recently as last November that EAS confirmed the principles of granting benefits.
29.04.2015, Kadri HansaluPM
High wages are hitting Finland hard
The Finnish welfare state is wobbling as the high salaries – or, actually, the continually high salaries despite the economic slump – have rendered the economy uncompetitive.
18.03.2015, Tõnis OjaPM
Creation of coalition to take time
Though on homestretch with initial discussions on priority topics, top Reformer Taavi Rõivas says the parties will need weeks till coalition agreement begins to take shape.
16.03.2015, Karin KangroPM
A noisy week of talks class. Enter Pencils
Monday, March 2nd. Reform Party (RE) opts to extend coalition talks invitation to four parties: Pro Patria and Res Publica Union (IRL), Social Democratic Party (SDE), Free Party (EVE) and Conservative People’s Party (EKRE).
13.03.2015, Anneli AmmasPM
Editorial: strategic cooperation or tactical spending spree?
While a relatively successful user of EU support, Estonia does have stuff to think over regarding the new budget period. In our near-term investments, EU euros play a vital role. Therefore, should we use these unwisely or splash out stupidly, instead of hoped-for economic development all we’ll have is nothingness and an expensive (and at times pointless) infrastructure.
EU competitiveness aid about to be atomised
The European Union gives close to €135m till 2020 to boost competitiveness of Estonia’s rural areas. However, the naggings and back room agreements among local governments may spray some of the money.
30.01.2015, Nils NiitraPM
ECB's stimulus package will have little impact on Estonia - SEB
SEB believes that the European Central Bank's quantitative easing package will have little impact on Estonia, with the economic situation in neighboring countries and one-off factors playing a more important part.
«Estonia 2020» vision begs extra guts
Five years ago, Estonia set itself a goal-of-decade to improve competitiveness. Half way, the aims have largely been reached while the weightiest – raising labour productivity to 80 of EU average – may remain a dream without radical steps taken.
07.01.2015, Oliver KundPM
Panel to vote on proposal that Estonian Vodka must be made in Estonia
An advisory committee for the Estonian Ministry of Agriculture is about to vote on a proposal according to which vodka bearing the geographical indication Estonian Vodka/Eesti Viin must be produced in Estonia from locally grown raw material and local water.
Estonian employers' manifesto names competitiveness as priority
In a manifesto published on Tuesday, the Estonian Employers Confederation lists competitiveness as a priority that needs to be dealt with if the country wishes to escape the middle income trap.
Entrepreneurs of Estonia: vaccinated by Russia, against Russia
Above all, Estonia sells food products into Russia, while mostly buying their gas and petroleum oil.
25.03.2014, Nils NiitraPM
Olli Rehn: in crisis, we also protected the weakest of society
EU economy and finance chief, the Finn Olli Rehn (51), relates how the outgoing European Commission succeeded, against all odds, to avoid insolvency of European states, which – among other things – would have been devastating to those on social welfare and people on public payrolls.
24.03.2014, Argo IdeonPM
Future growth hooked to banking union
Stalling banking reform undermines competitiveness of eurozone banks and postpones acceleration of economic growth.
24.03.2014, Tõnis OjaPM
Estonia and Latvia move up in WEF competitiveness rankings
Estonia and Latvia rose while Lithuania fell in the the latest global competitiveness rankings published by the World Economic Forum (WEF) on Wednesday.
Eesti Pank: The increased share of export markets is a reflection of Estonia's increased competitiveness
The competitiveness of the Estonian economy has improved in recent years, and this can be seen in the growth of GDP per capita, which is faster than in most of Estonia's trading partners. However, growth in the Estonian economy has not been even and stable, and the recession in Estonia was deeper than it was in many other countries.
05.03.2013, Natalja Viilmann Eesti Pank, Economics and Research Dept.