ERR - Finance Minister Jürgen Ligi called out the Standard & Poor's rating agency for taking a populist approach when it yesterday promised - in the event that the euro debt crisis is not quelled - to downgrade credit ratings for basically the whole Eurozone.
ERR - Third quarter net sales, costs and total profit of businesses grew compared to the previous quarter as well as year on year, a fresh report by Statistics Estonia says. But the growth rate is slowing down.
BBN - According to Statistics Estonia, in the 3rd quarter of 2011, the net sales, costs and total profit of the business sector increased compared to the previous quarter as well as to the same quarter of the previous year. At the same time the continually improving comparison basis turns the growth rate slower.
BBN - Second largest bank in Estonia, SEB, said yesterday that it has lowered annual economic growth forecast of Baltic economies for 2012 from 3.7% to 2.5%.
ERR - Retail trade volumes in Estonia showed the fourth highest annual growth in the EU, according to Eurostat.
ERR - Credit-ratings company Standard & Poor's yesterday upgraded the ratings of two major Swedish banks dominating the Estonian market, Swedbank and SEB.
ERR - Two prominent figures in Estonia's business circles have offered their suggestions for changes that, they say, would make the nation's tax structure better suit current economic conditions.
ERR - Got an idea lying around? Bring it in and let designers turn it into a prototype. That is the scheme behind the TeamUp! event being held on December 3 at the Tallinn University of Technology.
ERR - The ratio of Research and Development spending to GDP has reached new heights - 1.63 percent in 2010 compared to 1.43 percent the previous year.
ERR - According to a forecast released by Elering, next year the renewable energy fee - a component of the price of electricity - will be 0.97 cent per kilowatt hour as opposed to this year's 0.615 cent.
ERR - Minister of Agriculture Helir-Valdor Seeder said Latvian senior officials have expressed support to him for faster convergence of the EU's direct agricultural subsidies.
ERR - The Organization for Economic Cooperation and Development has increased its forecast for Estonian economic growth this year but lowered its projection for next year.
ERR - Estonia has moved up in innovation rankings, but one of the key weaknesses is lacking cooperation between businesses and universities, reported ETV.
ERR - A bevy of international names will be on hand for the first installment of a Finnish-Estonian series aimed at startup entrepreneurs this weekend.
A EUROCHAMBRES survey of nearly 70.000 businesses across 25 European countries highlights export markets as the main source of optimism for 2012, a year that will otherwise be characterised by restricted investment, negligible job creation and constrained domestic sales.
ERR - Financial Supervision Authority board member Kilvar Kessler said the failure of a Lithuanian-owned Latvian bank is symptomatic of a trend of "white-collar crooks" entering the banking sector.
ERR - A survey conducted by the recruitment company CV-Online has found that 45 percent of employers plan to take on new staff in the coming six months.
ERR - Grocery shoppers are less likely to buy domestically produced food than they were in 2004, according to a poll by TNS Emor.
ERR - Minister of Economic Affairs Juhan Parts has proposed that SAS should follow the state's lead in making substantial investments into revamping Estonian Air.
ERR - The board of the Unemployment Insurance Fund has threatened to lower the unemployment insurance premium - a policy opposed by the ruling coalition - if the Cabinet does not back out of its plan to begin managing the agency's reserves as means to balance the public sector budget.
ERR - A dispute between the Internet Foundation and the Data Protection Inspectorate has been resolved with the top-level domain registrar recognizing that it is required to provide information to the public on domain names.
BBN - Several Finnish manufacturers are moving production operations to Estonia or are considering it, writes news2biz.
BBN - Taxpayers still owe the state 38 million euros as of the first nine months of the year, according to the Tax and Customs Board.
BBN - You don’t have to be big to make it to the top. Or at least that is the case for Estonia, the fourth smallest euro zone member, with the best economic performance in the region, The Economist wrote last week.
ERR - Politicians and scientists of six nations are gathering in Tallinn today to discuss whether a future without nuclear power is possible.