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.
ERR - Highlighting the lingering economic contrasts between Tallinn and the rest of the country, new figures from Statistics Estonia show that in 2009, as much as 61 percent of Estonia's GDP was generated in Harju County, where the capital is located.
ERR - According to the Bank of Estonia, the debt burden of companies and households has decreased significantly this year.
ERR - US Ambassador Michael C. Polt and Speaker of Parliament Ene Ergma announced the winner of the first Estonian American Innovation Award at a ceremony today.
ERR - It may not exactly be the Grinch that stole Christmas, but the economic situation is expected to have an impact on Estonian spending habits this season - two thirds of the population is planning to splash out less on the holiday this year than last, a survey by Danske Bank has found.
ERR - Ernst & Young (E&Y), an auditing company, downgraded Estonia's economic growth predictions for next year, citing declining exports resulting from the Eurozone debt crisis.
ERR - Trade unions and employers came to an unwritten agreement to raise next year's minimum monthly salary to 290 euros, up from the current 278-euro mark established in 2008.
ERR - The central bank has changed its forecast for growth next year to just 1.9 percent and now says it is not ruled out that Estonia could join the continent in a downturn.
ERR - Last year’s per capita gross domestic product of Estonia amounted to 64 percent of the EU average, placing the nation on the 22nd position among the 27 member states.
ERR - The watershed between two main interest groups in the European debt crisis does not so much run between the archetypical "North" and "South" as between those in favor of cutting costs and those who benefit from inflation, says banker and financial expert Indrek Neivelt.
ERR - Swedbank said claims circulating in Latvia, asserting that the bank is in financial trouble, are baseless."The bank's stability has been confirmed by financial supervision agencys in each of our markets," spokesman Mart Siilivask told uudised.err.ee. "The most recent European financial stress tests also show that Swedbank's stability and capitalization is strong."
ERR - In October, year-on-year exports of goods grew by 23 percent and imports by 26 percent at current prices. Growing trade with Russia was the main contributor to both trends, Statistics Estonia reported.
ERR - The Ministry of Finance is expecting the payment of the European Union’s structural funds to Estonia to be restored in the upcoming weeks.
ERR - The three Baltic ministers responsible for transport have signed a memorandum of intent to develop Rail Baltic, the high-speed railway project that could one day reconnect Tallinn with Warsaw.
ERR - The 2012 state budget was passed in Parliament today by a vote of 55-44, with a 2.1 percent deficit that will be covered from reserves.
ERR - The Chamber of Commerce and Industry has announced it opposes the government's plan for implementing the vocational education development plan because the Cabinet is not allocating enough funding for the programs.
ERR - The five-year-long dispute with the European Commission regarding allowable greenhouse gas credits has come to an end.