With the decision of the Board of dated 1 August 2011 the Estonian Chamber of Commerce and Industry awarded to the medal of honour of I class to the President of the Association of Lithuanian Chambers, Industry and Crafts, Dr. Rimantas Stankevićius for special services in promoting commerce between Estonia and Lithuania, and facilitating development of the chambers of commerce.
Bloomberg Businessweek - Estonia’s credit rating, upgraded by Fitch Ratings last month, was raised by Standard & Poor’s Ratings on the Baltic country’s strong economic growth and solid public finances.
ERR - Estonians show the second most positive attitude in the EU regarding the bloc's economic prospects, with 64 percent of people believing that the crisis has passed its peak and will no longer influence the labor market, a recent survey by Eurobarometer reveals.
ERR - According to financial expert Indrek Neivelt, the common European currency requires much more than the economic and monetary union can offer today. In order for the currency to survive, the union should move towards centralization of power, from having a common financial minister and bonds to adopting a common taxation policy.
ERR - SOCKme, a company that's made up of five Tallinn high-schoolers and manufactures trendy mobile phone holders, has been named one of Europe's top five student companies at a Junior Achievement competition in Norway.
ERR - A crack team of budding computer scientists returned from Thailand with a bronze medal at a tournament held there.
ERR - In the last decade, Latvia has seen the highest and Lithuania the lowest inflation in the Baltic states. Estonia has gone through the sharpest price hikes of late, but the others have begun to catch up.
ERR - Bank of Estonia Governor Andres Lipstok has warned that the recent decision to restructure Greece's debt must be a one-time case.
On 1 August 2011, the order for crossing the border between Estonia and Russia will change. From then on, all motor vehicles heading towards Russia must book a place in an electronic waiting line for crossing the border. The GoSwift system will help you cross the border comfortably and with no excess waiting.
ERR - In the second quarter of 2011, around 10 percent less renewable energy was produced in Estonia, compared to the same period last year.
ERR - Although the Purchasing Managers Index fell to 50.8 in July - its lowest in two years - analysts and business owners aren't worried yet that the slowdown of the Eurozone's industrial production is a threat to the Estonian economy.
ERR - Changes based on EU law entered into force on July 20 that make employing foreigners illegally a crime, not just a misdemeanor. But employers say that rather than being tempted to hire unskilled workers for cheap, their problem is actually bringing qualified foreign specialists to Estonia.
ERR - John Lipsky, First Deputy Managing Director of the IMF, has praised Estonia's fiscal policy after a meeting with Prime Minister Andrus Ansip in Washington on July 21.
BBN - As Europe faces difficulties with debts and Euro, more and more countries are under surveillance by rating agencies. The euro-stars in Tallinn, however, have no debts and they receive better ratings, writes German newspaper Süddeutsche Zeitung.
ERR - The nation's construction price index rose 1.5 percent between the first and second quarter of this year, and was up 3.2 percent compared to the same quarter of last year, according to the latest figures from Statistics Estonia.
ERR - Estonian economy is showing signs of recovery and its export growth is the highest in the EU, which seems an anomaly considering the spate of recent dismal financial news from both sides of the Atlantic. One investment firm says it is too early to celebrate and that Estonia's future performance depends largely on Greece and Italy.
ERR - The number of people registered as jobless in Estonia has dropped below the 8 percent threshold, reaching a new post-crisis low.
ERR - All of the banks operating in Estonia that took the stress test passed with flying colors, according to the European Banking Authority's results published on July 15.
The Economist - A rare bit of good news from a euro-zone economy.
ERR - Finance Minister Jürgen Ligi says Estonia is prepared to support banks that may find themselves in difficulty after stress test results are released later this week.
ERR - Colorful SEB Bank economist Hardo Pajula says it is likely that the euro will split into two currencies, one for the north and another for the south.
ERR - As of July 11, car owners, be they individuals or businesses, can receive subsidies of up to 50 percent on their purchase of a new electric car, the Ministry of Economic Affairs announced.
ERR - In May, the country registered its lowest trade deficit of the year thanks to continued growth in exports and a slight drop in imports, new figures from Statistics Estonia show.
ERR - In the first six months of the year, Tallinn coffers brought in 220.7 million euros in revenue, at the same time spending 221 million euros.
ERR - The European Parliament confirmed on July 5 the creation of an agency for managing Schengen area IT systems that will be based in Tallinn.