Category Archives: Estonia

Press Releases & News from Estonia distributed via EuropaWire

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