Startup Estonia raised more than 250 million euros for the year
Published 24 December, 2019
The government's initiative Startup Estonia, led by KredEx financial specialists, has attracted more than a quarter of a billion euros of third-party investment for the development of new projects. This has created about 5,000 jobs.
The Estonian customs prepares the inhabitants of the country for Brexit
Published 17 December, 2019
The Estonian tax and customs Department is preparing residents for a possible exit of the UK from the European Union. A memo explaining the rules for importing goods and parcels to Estonia in the event of Brexit has appeared on the Ministry's website.
The Ministry of Finance of Estonia is developing rules for the cryptocurrency market
Published 27 November, 2019
The Ministry of Finance of Estonia has developed a document that should significantly streamline the work with digital money, which now enter the country in significant volumes. The rules have been agreed with the market participants and are awaiting approval from the Ministry of Justice, the Bank of Estonia and other government agencies.
Estonian startup Veriff enters the US market
Published 19 November, 2019
A young Estonian company, specializing in innovative developments in online identity verification, has hired specialists to create and promote its own office in the United States. This step should significantly expand the range of Veriff customers.
Yandex.Taxi has become more affordable in Estonia
Published 12 November, 2019
Launched in Estonia in 2018, the service of online taxi orders of the Russian company Yandex has expanded its coverage area. Now more than 140 thousand people will be able to make a call.
Estonian seafood will be available in China
Published 7 November, 2019
Launched in 2016, the process of obtaining permission to admit Estonian marine fish and crustaceans to the domestic market of China was completed recently. In addition, it will be possible to export honey and dairy products.
Estonia will pay special attention to cargo transportation in 2020
Published 29 October, 2019
In the budget approved for the next year Estonia pays special attention to the development of high-speed road services in the busiest areas of the country. It is planned to allocate more than 4 million euros for the projects of new sections of highways.
A diesel locomotive with LNG will be developed in the Baltic States
Published 21 October, 2019
The state railway operator of Estonia AS Operail together with the Latvian DiGas plan to develop the first diesel locomotive powered by liquefied natural gas in the region for transportation of goods. Wide-scale introduction is planned to begin at the end of 2020.
Estonian bus operator started working in Belarus
Published 15 October, 2019
Lux Express Group, one of the leading Estonian companies in the passenger bus market, has opened an office in the capital of the Republic of Belarus. This division will allow to implement new routes between the European Union and the EAEU countries in the future.
Grains of Estonia beat records
Published 8 October, 2019
According to the Ministry of agriculture of Estonia, the current year was a record for the country in the harvest of grain crops. This result was achieved due to an increase in acreage, as well as extremely favorable weather conditions compared to previous years.
Tallink to expand its presence in the market through catering
Published 1 October, 2019
The largest Estonian shipping company Tallink group will expand its activities in the Baltic States through fast food outlets. Recently it became known about the acquisition of the rights to the trademark of Burger King.
Eesti Energia has confirmed the supply of gas from Russia via the Lithuanian terminal
Published 26 September, 2019
The state energy concern Eesti Energia recently confirmed the shipment of the first batch of liquefied natural gas produced in Russia through the Lithuanian terminal in the port of Klaipeda. Almost 10 thousand cubic meters of gas will arrive this week.
Monese mobile accounts will appear in new countries
Published 17 September, 2019
Recently, representatives of the Estonian startup Monese, the leading provider of mobile banking services in the European Union, announced their intention to expand their presence in the world. The main goal is to open representative offices in North America and Asia.
The electronic service of the Estonian customs department continues to develop
Published 10 September, 2019
The Estonian tax and customs department recently presented an updated version of the e-MTA client's personal account, which provides participants of foreign trade activity with additional opportunities in the field of customs.
Tallinn port passengers will see the new D-terminal in 2 months
Published 3 September, 2019
Representatives of the largest port company in Estonia Tallinn Sadam announced the imminent completion of the first stage of updating the D-terminal of the port with the same name. Passengers will see part of the new building in a few months.
Passport control in Tallinn will be automatic
Published 27 August, 2019
Recently the Estonian government announced its intention to establish a system capable of carrying out passport control without the participation of a border guard officer at border crossing points. Electronic systems will be rented for the testing period.
Estonia-China joint forum to be held in September
Published 20 August, 2019
Recently the Estonian entrepreneurship development fund published a schedule of events of the Doing business in China 2.0 business forum, organized jointly with the Chinese Embassy. The date is September 12.
Fish from Pärnu will return to the Russian shelves in October
Published 13 August, 2019
At the beginning of summer the Rosselkhoznadzor of the Russian Federation lifted the ban on supplies of fish products from an Estonian company Kajax Fishexports. Now the company is actively preparing to restore business contacts with buyers from Russia.
Tallink breaks records in the Baltic
Published 6 August, 2019
The largest ferry operator of the Baltic sea Tallink Grupp reported on record figures in the past month. The number of passengers in July reached almost 1.3 million people, which is a record for the entire existence of the company.
Russia is looking for entry to the Estonian energy market
Published 30 July, 2019
Recently representatives of the Ministry of energy of the Russian Federation proposed to create a special Commission with the participation of Estonia, Latvia and Lithuania to discuss the issue of free access of Russian electricity to the Baltic market.