ERR - Although last year was exceptionally good for the tourism sector, the expectations set for 2012 are humble, said Feliks Mägus, chairman of the Hotel and Restaurant Association.
Warsaw Stock Exchange and New Europe Events have a great pleasure to invite you to participate in the New Europe Venture Contest Semi-Final conference on February 15, 2012 in Swissôtel Tallinn, Estonia.
ERR - A new report commissioned by the computer security company McAfee ranks Estonia as having a reliable cyber security structure.
ERR - Fits.me, a company that develops robotic fitting technology for clothing sales over the internet, has received the financial backing of the London-based Entrepreneurs Fund.
ERR - More than one in three of enterprises finished in the red in 2010, according to a senior statistician at Statistics Estonia.
ERR - Consumer prices in January were up 4.5 percent compared the same month of last year, with the growth fueled to a large extent by rising energy costs, Statistics Estonia has announced.
ERR - Spanish manufacturer Atienza & Climent Group will open a new factory in Tallinn next week specializing in the production of plastic toys, including those under the popular Hello Kitty brand.
ERR - Estonia's industrial production volumes finished up 18 percent higher last year compared to the year prior, Statistics Estonia has announced, though the bang seen in early 2011 has since turned to a whimper.
ERR - The government may sign another carbon credits deal with an unnamed Japanese corporation, in exchange for 150 hybrid cars for public sector employees.
ERR - Parliament's committee on European affairs approved the European Union's new fiscal treaty draft, which would instate more stringent penalties for violations of budget deficit and public debt ceilings.
ERR - The e-Business Registry began keeping English-language records of company profiles as of this month.
ERR - Consumer confidence improved in January compared to the previous month but is still below the long-term average, the Institute of Economic Research reported.
ERR - Tallinn University of Technology is sending three students on a week-long trip to Silicon Valley in April, to help develop a new technological concept.
ERR - Foreign Minister Urmas Paet of Estonia and Minister for European Affairs and Foreign Trade Alexander Stubb of Finland will join forces to cut a new export path to Indonesia on January 23 to 26.
ERR - Estonia improved its ranking in the World Economic Forum's international competitiveness index, published on Thursday.
ERR - The number of tax debtors had shrunk to 50,300 by the close of 2011, a 15 percent decline from the beginning of the year, according to the Tax and Customs Board.
ERR - Despite many sound economic indicators, the cost of credit for companies in Estonia appears to be higher than in many other countries. Some experts question the statistical methods while others say it is due to the ownership structure of banks.
ERR - SEB Estonia Bank Manager Riho Unt said yesterday that, in the last quarter of 2011, there were 30% more Nordic company bank accounts opened in SEB as compared to the same quarter previous year.
ERR - The Minister of Finance stressed at a Cabinet press conference today that last year’s sharp inflation in Estonia should not be tied to the euro changeover.
ERR - The Bank of Estonia's budget for 2012 is 13.8 percent larger than it was this year, mainly due to increased expenses related to cash.
ERR - Though Estonian retailers generally prospered this Christmas sales period, the average value of their purchases on a per-day basis was less than it was three years ago, according to the director of the Prisma Peremarket chain.