Category Archives: Estonia

Press Releases & News from Estonia distributed via EuropaWire

EBRD Champions AI Innovation in E-Commerce with €6 Million Investment in Estonian Firm Miros

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has led a €6 million pre-series A investment round in the Estonian company Miros, marking its first venture capital investment in Estonia. This funding, which also involves Tera Ventures and … Read the full press release

Bentley Tallinn Unveils New Showroom and Launches Latest Continental GT and Flying Spur Models in Estonia

(IN BRIEF) Bentley Tallinn has inaugurated its new luxury showroom and service center at Pirni 1, featuring a spacious, light-filled display area and a customization section for clients to personalize their vehicles. Managed by Auto 100 Premium, the grand opening … Read the full press release

Vaisala and Estonia Lead the Way with Europe’s First C-Band SSPA Weather Radar Installation

(IN BRIEF) Vaisala and the Estonian Environment Agency have installed Europe’s first C-band Solid-State Power Amplifier weather radar in Tallinn. This advanced technology offers improved weather forecasting accuracy, enhanced system reliability, and lower operational costs compared to traditional radars, setting … Read the full press release

EBRD Board of Directors to Engage with Estonia and Latvia on Investment Projects

(IN BRIEF) The EBRD Board of Directors will visit Estonia from 15-17 September and Latvia from 17-20 September 2024 for consultations with senior government officials, business leaders, and international partners. The delegation will review EBRD-funded public and private projects, with … Read the full press release

NIB Finances Pärnu’s Largest Infrastructure Project with EUR 15 Million Loan

(IN BRIEF) The Nordic Investment Bank (NIB) has provided a EUR 15 million loan to the City of Pärnu, Estonia, to fund key infrastructure projects, including the construction of a new city bridge, which will be the longest in the … Read the full press release

Estonia Accelerates Green and Digital Initiatives with €400 Million EIB Financing

(IN BRIEF) The European Investment Bank (EIB) has approved a €400 million loan tranche to Estonia, marking the second installment of a larger €700 million loan aimed at bolstering the Estonian economy. This financing, focused on green and digital investments, … Read the full press release

Estonia Contributes €10 Million to EU Fund for Ukraine’s Recovery Amidst Russian Aggression

(IN BRIEF) Estonia has pledged €10 million to the European Investment Bank’s (EIB) EU for Ukraine Fund, part of a broader initiative aimed at addressing Ukraine’s urgent needs and sustaining its economic stability. With support from multiple donors, including other … Read the full press release

Ingka Group’s Investment Arm Acquires 23,883 Hectares of Forestland Across the Baltics for Responsible Forest Management

(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has acquired 23,883 hectares of land, including 19,276 hectares of forestland, across Finland, Estonia, and Latvia. This acquisition aligns with their commitment to responsible forest management. The properties contain a … Read the full press release

EIB Group Expands Baltic Presence with New Offices in Riga and Tallinn

(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release

EBRD Invests €10 Million in Baltic Venture Capital Fund to Boost Early-Stage Innovation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is backing the growth of venture capital markets in the Baltic states by providing a €10 million investment in Practica Venture Capital III, managed by Lithuania-based venture capital manager Practica … Read the full press release

EIB and Luminor Bank Sign €115 Million Agreement to Boost SME Financing in the Baltic States

(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release

EU-Funded CommuniCity Launches its Second Open Call

(IN BRIEF) The CommuniCity project, funded by the European Union, has launched its Second Open Call to address various challenges faced by marginalized communities in European cities. Building on the success of its First Open Call, the project has expanded … Read the full press release

Nordic Investment Bank Funds Healthcare Transformation in Estonia

(IN BRIEF) Nordic Investment Bank (NIB) has played a significant role in revitalizing Estonia’s healthcare over the past 15 years, funding six hospital-related projects with a total investment of EUR 138 million. One of the recent projects includes a EUR … Read the full press release

Rheinmetall’s Mission Master SP Impresses in Estonian Autonomy Trials, Sets Bar for UGV Technology

(IN BRIEF) Rheinmetall, a leading autonomous technology company, demonstrated its expertise in unmanned ground vehicle (UGV) technology during the Unmanned Ground Vehicle Autonomy Trials in Estonia. The trials, organized by the Estonian Military Academy and Defence Forces, attracted experts from … Read the full press release

Ericsson Invests EUR 155 Million in Innovative Smart Hub in Estonia

(IN BRIEF) Ericsson plans to establish a next-generation smart manufacturing and technology hub in Tallinn, Estonia, with an investment of approximately EUR 155 million. The hub will consolidate Ericsson’s operations in Estonia into a single facility and serve as a … Read the full press release

EBRD Joins Forces with Baltic Nations for MSCI Initiative, Strengthening Investor Appeal

(IN BRIEF) Estonia, Latvia, and Lithuania, in collaboration with the EBRD, EC, and Nasdaq Baltic, are welcoming the MSCI initiative to consolidate their markets into a single index. This integration will raise the region’s profile among international investors who track … Read the full press release

Finnish operator Elisa to deploy Ericsson cloud-native dual-mode 5G Core in support of its upgrade to 5G Standalone (5G SA) in Estonia

(PRESS RELEASE) STOCKHOLM, 22-Nov-2022 — /EuropaWire/ — Ericsson (NASDAQ: ERIC), a Swedish multinational networking and telecommunications company, has announced that the Finnish telecommunications company Elisa (HEL: ELISA) will deploy Ericsson cloud-native dual-mode 5G Core in support of its upgrade to … Read the full press release

Der finnische Betreiber Elisa wird den Cloud-nativen Dual-Mode-5G-Core von Ericsson zur Unterstützung seines Upgrades auf 5G Standalone (5G SA) in Estland einsetzen

(PRESSEMITTEILUNG) STOCKHOLM, 22-Nov-2022 — /EuropaWire/ — Ericsson (NASDAQ: ERIC), ein schwedisches multinationales Netzwerk- und Telekommunikationsunternehmen, hat gab bekannt, dass das finnische Telekommunikationsunternehmen Elisa (HEL: ELISA) Ericssons Cloud-nativen Dualmodus 5G Core zur Unterstützung des Upgrades auf 5G Standalone (5G SA) in … Read the full press release

New gaming brand Lorgar seizes European market

(PRESS RELEASE) AMSTERDAM, 3-Oct-2022 — /EuropaWire/ — Lorgar, the new brand of high-performance accessories for gamers, introduces a portfolio of products for gaming with top-tier functionality at competitive prices. The expansive brand catalog includes a number of product categories: mice, … Read the full press release

Eco Rating, the new labelling scheme that rates the environmental impact of new smartphones, sees more manufacturers joining its scheme and expands globally

Consumer mobile phone labelling scheme launched in 24 European countries by Deutsche Telekom, Orange, Telefónica, Telia Company and Vodafone now set to expand globally Fairphone, Realme and vivo join Eco Rating, now 15 manufacturers in total More than 150 mobile … Read the full press release