Category Archives: Estonia

Press Releases & News from Estonia distributed via EuropaWire

NIB provides EUR 24M to Estonia’s AS Tallinna Lennujaam for Tallinn Airport expansion

NIB and Estonia’s AS Tallinna Lennujaam have agreed on a loan of EUR 24 million for the expansion of the airside traffic area and the development of other investments at Tallinn Airport. HELSINKI, 19-Dec-2016 — /EuropaWire/ — The 13-year maturity loan will … Read the full press release

Eesti Pank Economist Mari Tamm: Loan and lease portfolio of Estonian companies and households in July 2016 5.3% larger than a year earlier

The loan and lease portfolio continued to increase relatively quickly in July, growing by 5% over the year The average interest rate on loans has risen slightly in recent months The volume of deposits was 7.3% larger in July than … Read the full press release

Eesti Pank: Consumer prices in Estonia mainly reflect the consequences of the fall in the oil price

The fall in the price level was again mainly due to cheaper energy Services prices are rising, reflecting wage and inflation pressures in Estonia The price of industrial goods has not reacted to rises in incomes and demand The consumer … Read the full press release

Saku Brewery’s contribution to environmentally friendly production recognized with silver award at the Responsible Entrepreneurship Index competition

Saku Brewery has been participating in the Responsible Entrepreneurship Index competition for the 4th time, and this year for the first time it received a silver award to prove its quality level. Thus the company’s contribution to environmentally friendly production, … Read the full press release

Eesti Pank to mark the 100th anniversary of the birth of the great chess player Paul Keres with specially designed two-euro commemorative coin

The two-euro circulation coin dedicated to the 100th anniversary of the birth of Paul Keres will be issued on 7 January Coins will be available from the Eesti Pank museum and online shop from 12.00 noon on 8 January The … Read the full press release

Eesti Pank Economist Orsolya Soosaar: Despite the decline in the working age population the labour force increased in the first half of the year

Rapid wage rises have encouraged people to participate in the labour market more actively: despite the decline in the working age population the labour force increased in the first half of the year. Annual growth in employment was fast in … Read the full press release

Eesti Pank: IMF projected the near-term potential output growth of the Estonian economy at 3% per year

At the end of its recently finished annual visit to Estonia to assess Estonian economic policy, the IMF projected the near-term potential output growth of the Estonian economy   at 3% per year, which is slightly below the estimate of Eesti … Read the full press release

Eesti Pank: Statistics Estonia data shows the average gross monthly wage increased by 5.3% over the year in the fourth quarter of 2014

Tallinn, Estonia, 27-02-2015 — /EuropaWire/ — Data from Statistics Estonia show that the average gross monthly wage increased by 5.3% over the year in the fourth quarter of 2014, and the gross hourly wage by 6%. This growth was faster than … Read the full press release

Eesti Pank selects Colliers International Advisors OÜ to help with the sale of Maardu manor estate

Tallinn, Estonia, 5-2-2015 — /EuropaWire/ — The Eesti Pank executive board has decided to put the Maardu manor estate up for sale at a starting price of two million euros. The real estate company Colliers International Advisors OÜ has been chosen … Read the full press release

The European Union increases its humanitarian assistance in Ukraine where the latest surge of violence deepened

BRUSSELS, 27-1-2015 — /EuropaWire/ — The European Union is increasing its humanitarian assistance in Ukraine where the latest surge of violence has deepened an already desperate situation. Thousands of people are suffering from the combined impact of the conflict, displacement, … Read the full press release

Eesti Pank museum: The exhibition ‘Lithuanian Money from the Litas to the Euro’ opens on 13 January

Tallinn, Estonia, 13-1-2015 — /EuropaWire/ — The exhibition ‘Lithuanian Money from the Litas to the Euro’ opens on 13 January in the Eesti Pank museum. It tells the story of the history of money in Lithuania and is being presented to … Read the full press release

Estonia officially became EUROCONTROL’s 41st Member State on 1 January 2015

Brussels, Belgium, 09-1-2015 — /EuropaWire/ — Estonia officially became EUROCONTROL’s 41st Member State on 1 January 2015. With the accession of Estonia, EUROCONTROL covers all 28 European Union states. This event reinforces EUROCONTROL’s status as being truly pan-European. Even before becoming … Read the full press release

Saku Brewery launches new beer in the series of Humulus and Barley

At the end of October a new beer from Saku Brewery, in the series of Humulus and Barley, arrives to the stores – American ale-type red beer. Saku, Estonia, 23-10-2014 — /EuropaWire/ — The Humulus and Barley Ale is brewed … Read the full press release

Eesti Pank: Statistics Estonia’s data show the number of employed fell by 1.2% YoY in the second quarter of 2014

Tallinn, Estonia, 15-8-2014 — /EuropaWire/ — Data from Statistics Estonia show that the number of employed fell by 1.2% year on year in the second quarter of 2014. A low rate of participation in the labour force meant that the unemployment rate … Read the full press release

Swiss National Bank announced the fourth gold agreement between central banks in Europe

Zurich, 19-5-2014 — /EuropaWire/ — The Swiss National Bank (SNB), the European Central Bank (ECB), the central banks of the euro area (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain) … Read the full press release

Eesti Pank: Only one fifth of Estonian domestic payments are made between different banks

Tallinn, Estonia, 27-1-2014 — /EuropaWire/ — A notable feature of the Estonian payment environment is the large share of electronic payments. In the fourth quarter of 2013, 99.6% of all payments between banks were initiated electronically. An average of only 1100 payments per … Read the full press release

Cloudmore awarded Technology Fast 50 status from Deloitte

Stockholm, Sweden, 04-12-2013 — /EuropaWire/ — Sweden Technology Fast 50 is an objective ranking of the 50 fastest growing technology companies in Sweden as well as an annual award to those companies. Cloudmore is pleased to be recognized from such a credible … Read the full press release

Latvian IT product wholesaler ELKO Group named in CRN/RE 2013 Russian IT distributors ratings list

Riga, Latvia, 27-11-2013 — /EuropaWire/ — For 4th time already CRN/RE (edition which is dedicated to IT business in Russia) has rated Russian IT distributors to name the best distributors for different customer categories – channels. The results of year 2013 rating … Read the full press release

IT product wholesaler ELKO Group signed distribution agreement with Transcend

Riga, Latvia, 27-11-2013 — /EuropaWire/ — ELKO Group, one of the leading IT product wholesalers in the Eastern Europe and one of the largest companies in Latvia, announced it has entered into a distribution agreement with Transcend, a leading global provider of … Read the full press release

Eesti Pank announced the recipients of its 2013 research awards

The 2013 Eesti Pank doctoral studies research award of 2300 euros went to Anne Lauringson for her work on how unemployment benefits affected labour market outcomes in Estonia in the economic crisis. The master’s studies research award of 1300 euros … Read the full press release

Estonia’s oldest and largest continuously operating brewery Saku Brewery opened new Tartu representation

On the 5-th of August Saku’s new representation will start in South Estonia. 15-8-2013 — /EuropaWire/ — The Tähtvere representation has several times bigger area than the former Tartu Office – approximately 1500 square metres-, which will serve as an office … Read the full press release

Eesti Pank: Estonia issued cards involved in fradulent transactions were 0.002% of all EU card transactions

25-7-2013 — /EuropaWire/ — The report published last week by the European Central Bank on card fraud showed that card payments have become more secure due to technological advances and that the share of card transactions that are fraudulent has fallen … Read the full press release

Fortum acquired district heat operations in Tartu, Estonia from Eraküte

3-7-2013 — /europawire.eu/ — Fortum has agreed to acquire district heat operations in the city of Tartu in Estonia from the Estonian district heat company Eraküte. The district heating network accounts for approximately 20% of the whole Tartu network and is the fastest … Read the full press release

2013 European Union Prize for Cultural Heritage / Europa Nostra Awards Winners Announced in Athens

Brussels / Athens, 17-6-2013 — /europawire.eu/ — The winners of the 2013 European Union Prize for Cultural Heritage / Europa Nostra Awards will be honoured this evening at a ceremony in Athens in the presence of Karolos Papoulias, the President of Greece, Androulla Vassiliou, … Read the full press release

Saku Brewery achieved the biggest export growth in 2012 among members of The Association Of Estonian Food Industry

21-5-2013 — /europawire.eu/ — The Association of Estonian Food Industry announced Saku Brewery as the company that achieved the biggest growth in export turnover in 2012 among the members of the Association. Saku’s export turnover increased by nearly 50% last year, … Read the full press release

Europe on Track, Spanish youth media project, awarded first prize at the 2013 Charlemagne Youth Prize ceremony in Aachen University

Aachen, 7-5-2013 — /europawire.eu/ — Europe on Track, a Spanish youth media project, was awarded first prize at the 2013 Charlemagne Youth Prize ceremony on 7 May in Aachen University. The second prize went to the photo contest Discover Europe from Poland … Read the full press release

Induction programmes for new teachers in the EU are now mandatory in 15 EU Member States

Brussels, 29-4-2013 — /europawire.eu/ — Induction programmes designed to offer personalised support and advice for new teachers are now mandatory in 15 EU Member States (Austria, Cyprus, Estonia, France, Germany, Ireland, Italy, Luxembourg, Malta, Portugal, Romania, Slovakia, Slovenia, Sweden and the UK) … Read the full press release

Karin Rysavy nominated alternate member of the Board of Directors of the European Investment Bank

19-4-2013 — /europawire.eu/ — By letter received by EIB on 11 March 2013, the Republic of Austria nominated, by common accord with the Republic of Estonia, the Republic of Latvia, the Republic of Lithuania, the Republic of Finland and the Kingdom … Read the full press release

The European Commission extended the Estonian Air state aid investigation opened in February 2013

Brussels, 18-4-2013 — /europawire.eu/ — State aid: Commission extends inquiry into public support measures for Estonian Air The European Commission has extended the scope of an in-depth investigation opened in February 2013 into public support measures in favour of Estonian Air (see IP/13/133) … Read the full press release

Video Makers from Lithuania, Portugal and Estonia shortlisted for an EU award

Amateur video makers from Lithuania, Portugal and Estonia have been shortlisted for the 2013 Europe Past Forward awards that aim to reward videos on the meaning of European citizenship. The award ceremony will take place in Brussels on 20 March … Read the full press release