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News

21.11.2011 Post-Production Studios Team Up for Film Industry Cluster Funding

ERR - Enterprise Estonia has provided over 600,000 euros from the European Regional Development Fund to a cluster of motion picture studios that aim to turn Estonia into a major exporter of aftereffects and post-production services.

21.11.2011 Producer Prices Still Edging Downward

18.11.2011 Railway Freight Volumes Decline for 3rd Month in a Row

ERR - In October, freight volumes handled by Estonian Railways totaled 2.38 million tons, down 11.9 percent year on year.

17.11.2011 Japanese to Use Local IT Firm's Timestamping Service

ERR - A Japanese automotive safety company has become the most prominent customer for an Estonian company that offers a digital timestamping service.

17.11.2011 Ambassador: Estonia's Integration Policy a Success

ERR - Newly-appointed ambassador to Ukraine Lauri Lepik has called Estonia's integration policy a success that can serve as a model for other countries.

15.11.2011 Crisis for Europe Is Opening for China, Says Analyst

ERR - A consultant for a foreign exchange market has noted that the likely Chinese role in resolving Europe's debt crisis is an opportunity for the second-largest economy.

15.11.2011 Ansip: EU Must Be Shaken Out of Comfort Zone

ERR - Prime Minister Andrus Ansip has railed against what he called the European Union's "comfort club," calling for greater responsibility on the part of member states and an increase in fiscal controls.

15.11.2011 Monthly Drop in Industrial Output Leads EU

ERR - The month-on-month drop in industrial output of 11 percent in September was the most in the European Union, according to Eurostat figures.

14.11.2011 Rise in Spending on Workforce Exceeds Productivity Growth

ERR - An economist at the Bank of Estonia says growth in companies' payroll expenses likely outstripped growth in productivity in the third quarter - the first quarter in nearly two years that has happened.

14.11.2011 Sampo Bank Chairman: No Recession Yet

ERR - Defying the boo-birds, chairman of the board of the number four bank in Estonia says double-dip recession is not yet threatening Estonia.

09.11.2011 Ansip Plugs Estonian Business Environment in Singapore

ERR - Flanked by one of the most high-profile delegations of logistics companies assembled in recent years, Prime Minister Andrus Ansip continued his Southeast Asia trip with a visit to Singapore where he called on local business leaders to invest in Estonia.

01.11.2011 Estonian retail sales up 4% a year in September

BBN - According to Statistics Estonia, in September 2011 compared to September of the previous year the retail sales of goods of retail trade enterprises increased 4% at constant prices. Since February compared to the same month of the previous year, the retail sales have shown a stable growth.

01.11.2011 Foreign Affairs Committee Meets Mitsubshi Execs

ERR A delegation from Parliament's Foreign Affairs Committee has started a two-day official visit in Japan, meeting Osamu Musako, president of Mitsubishi Motors, to build on the innovative electric car program.

31.10.2011 Tallinn Tech Researchers Partner on Smart Energy Project in Denmark

ERR - Tallinn University of Technology scientists are developing equipment that record and analyze changing electricity price every five minutes and use it to influence how home appliances are operated.

28.10.2011 Personal Bankruptcy Rate Rises Sharply

ERR - The number of private individuals turning to the courts for bankruptcy protection has risen rapidly in recent months, and now comprises over 70 percent of all new bankruptcy cases.

27.10.2011 LHV Analyst: Today's Eurozone Debt Deal a Success

ERR - The agreement on Greek bonds and Eurozone stabilization reached in Brussels on October 27 gives Europe an effective way out of its debt crisis, said Nils Vaikla, an analyst for Estonia's LHV bank.

11.10.2011 Trade Picks Up Following Summer Slowdown

ERR - The nation's export and import totals each landed firmly in the billion-plus zone in August, scoring respective increases of 45 percent and 42 percent compared to the same month of last year, new figures from Statistics Estonia show.

07.10.2011 Willing to find business partners in France?

The Chamber of Commerce and Industry of Estonia is involved in a new project in cooperation with the Estonian Honorary Consul in Lyon, France: a French – Estonian business club supported by a website. This is a great opportunity to present and promote your company! Indeed the website will gather the contacts of Estonian businesses willing to sell their products to France and be directly available online to potential French partners.

28.09.2011 Estonia to Help Greece Establish E-State

ERR - Minister of Economic Affairs Juhan Parts and Greek Deputy Minister for Administrative Reform and E-Government Pantelis Tzortzakis met on September 26, to discuss ways of reducing red tape and corruption in Greece through implementing nationwide IT solutions.

28.09.2011 Consumer Confidence Still Sliding

ERR - Pessimism among Estonian consumers has grown for the second month in a row, poll figures from the Institute of Economic Research suggest.

28.09.2011 EFSF Bill Constitutionality 'Questionable'

ERR - Chancellor of Justice Indrek Teder has found: the draft legislation for joining the EU's bailout facility may be unconstitutional, as claimed by the Social Democrats.

21.09.2011 EU Delegation Discusses IT Agency in Estonia

ERR - A European Commission delegation is in Tallinn to discuss the contract for the EU's IT agency to be built in Estonia.

21.09.2011 Ligi: Parliament Must Be Vigilant About Eurozone Crisis

ERR - When he emerged from a meeting of EU finance ministers on the weekend, Finance Minister Jürgen Ligi prodded his Parliament to pass legislation ratifying new powers for the European Financial Stability Facility (EFSF).

21.09.2011 Estonia and India Prepare for More Exchange and Cooperation

ERR - Estonia and India have fleshed out the legal basis for economic ties both countries expect will become more substantial in the decades ahead.

16.09.2011 Estonia’s Enterprises for 2011 are Fortumo and EMT

Tonight, OÜ Fortumo was recognised as the overall winner of the Entrepreneurship Award 2011 given out by Enterprise Estonia, whereas AS EMT was proclaimed the most competitive enterprise based on the Estonian Companies’ Competitiveness Ranking 2011 compiled by the Estonian Chamber of Commerce and Industry and the Estonian Employers’ Confederation.

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