News «KOMERK AS»

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

This week a new power plant that produces energy using solar panels will be opened near the city of Pärnu on the territory of the former landfill for waste collection.

In early July, an agreement was signed on the acquisition of a tank terminal for storage and transshipment of oil and fuel in the port of Muuga by a wholesale and retail seller of motor fuel Olerex AS. In this way, the company, which controls a quarter of the import market of gasoline and lubricants in Estonia, will be able to optimize costs and maintain prices at a low level.

One of the fastest growing innovative companies in Estonia Burfa Capital OU, announced its intention to build a large computer center near Narva, which will attract a significant number of customers from the international market.

Against the background of news about the extension of the economic package of EU sanctions against Russia, one of Estonia's most significant vegetable growing and processing companies Sagro AS announced a change of ownership. According to experts, in the future, several agricultural companies may leave the market.

The state-owned Estonian airline Nordic Aviation Group recently announced the closure of five routes to various European destinations by the autumn of this year. This measure should bring the carrier to the zone of profitability.