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Jan 14, 2025 | 
news.err.ee | Mart Linnart
The municipalities of Haljala, Jõelähtme, Lääneranna and Vormsi as well as the cities of Maardu and Loksa raised land taxes to the greatest extent possible this year. Another eight local governments, meanwhile, deemed it possible to lower the tax. "There are 79 local governments in Estonia, and 44 have kept their land tax rates unchanged from last year," notex Riita Parksepp, a service director at the Income Tax Department of the Estonian Tax and Customs Board (MTA).
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Jan 10, 2025 | 
news.err.ee | Mart Linnart
This November, eleven percent more tourists stayed overnight in Estonian accommodation establishments than during the same month last year. There has been a continued increase in overnight stays since the summer. "If we look at the results for the year, overnight stays by foreign tourists are still 15 to 17 percent below the 2019 figures, but the situation has improved compared to last year.
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Nov 16, 2024 | 
news.err.ee | Mart Linnart
Foreign workers can be brought to Estonia outside the quota as long as they earn at least one and a half times the average salary. However, there is a shortage of skilled workers whose salary would be between one and one and a half times the average salary. "Bench operators, chemical engineers, food technologists, and builders of wooden and metal structures earn an average gross monthly salary of €2,000+ in Estonia.
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Nov 9, 2024 | 
news.err.ee | Mart Linnart
The Bank of Estonia said price hikes in October were connected to plane tickets and the school holidays. But, this does not mean that inflation has receded. Tax changes and seasonal energy prices also play a role. "A temporary acceleration in price increases due to the energy component can probably be expected at the end of this year.
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Oct 29, 2024 | 
news.err.ee | Mart Linnart
Lääne-Viru County was the first to hit its limit. By 1 p.m., most of the rounds had been filled, based on both the counties and the method of reconstruction. "Around 400 applications have been received so far. Budgets were first exhausted in Lääne-Viru County, Harju County, Rapla County, and Järva County.
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Oct 26, 2024 | 
news.err.ee | Mart Linnart
In an interview on ETV's "Esimene stuudio" show on Thursday, Minister of Infrastructure Vladimir Svet said that Estonia needs to find between €400 and €500 million to finance the Rail Baltica project in the coming years and that a loan could be taken out to maike up the shortfall. "At the moment, the joint venture RB Rail, which is responsible for this project on the territory of all three countries, is in the process of analyzing what the possibilities may be to cover this shortfall.
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Oct 17, 2024 | 
news.err.ee | Mart Linnart
Kaasik noted that for the foreseeable future, during heating seasons, renewable energy forms will still need to be bolstered by gas, and that on the coldest days, half of Estonia's energy will come from gas. The gas stored in Polish and German facilities is intended to supply customers in those countries but could be brought to Estonia in case of emergency. "Certainly from Europe, if needed. Today, we can see that there are now two LNG terminals in our regio, in Inkoo and Klaipeda.
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Oct 15, 2024 | 
news.err.ee | Mart Linnart
Nordica CEO Remco Althuis told ERR that the airline's future business plan consists of three phases: the upcoming winter, the period from April 2024 to March 2025 and the final phase, which will begin after March 2025. "We plan to maintain our current fleet, as well as our staff, office and systems," Althuis explained. According to the CEO, the plan includes the privatization of the airline, and negotiations are currently underway with a potential investor, Danish businessman Lars Thuesen.
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Sep 17, 2024 | 
news.err.ee | Mart Linnart
The price of 95-octane gasoline in gas stations is below €1.55 per liter, 98-octane gasoline is under €1.60 and diesel is below €1.40. According to Tarmo Kärsna, head of energy sales at Alexela, prices this low haven't been seen since 2022. "There's currently a surplus of diesel in Europe because the economy hasn't grown as much as expected, while OPEC countries continue overproduction. They're not adhering to agreements to limit production.
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Sep 10, 2024 | 
news.err.ee | Mart Linnart
Car dealers have noticed lately that buyers are being very careful in considering the purchase of a new vehicle and are in no hurry to fork out their money. Last month, new car sales in Estonia fell by 4.9 percent on year. Over the first eight months of 2024, 12.8 percent fewer new cars have been sold than during the same period last year.
