Category Archives: Estonia

Press Releases & News from Estonia distributed via EuropaWire

Saab to deliver BT46 training systems to the Estonian Army

STOCKHOLM, 18-Aug-2017 — /EuropaWire/ — Defence and security company Saab has signed a contract with the Estonian Armed Forces to deliver BT46 training systems to the Estonian Army. The deliveries will be made in 2018. The Estonian Armed Forces ordered the … Read the full press release

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