«AS KOMERK» uudised

The Estonian state investment Fund Enterprise Estonia has become the best in Europe according to the latest published ratings. The organization was able to respond as quickly as possible to the economic crisis caused by the coronavirus pandemic.

By 2021, the Ministry of economy and communications of Estonia should form a new Agency that will manage sea, road and air transport. By the end of 2022, a decision will be made on whether to include rail transport in this group.

At the beginning of the week, Estonia lifted restrictions for citizens of most European Union member States entering the country in the form of going into a 2-week quarantine. Sweden, Portugal, Belgium and the United Kingdom became exceptions.

The government of Estonia has extended restrictions on flights to countries where the adverse epidemiological situation associated with the coronavirus pandemic persists. The order will be valid for at least two weeks and can be extended if necessary.

The European Union will help Estonia to modernize the railway network as part of the development of the Trans-European transport network. The European investment Bank has agreed to allocate a loan of 95 million euros to the Estonian national operator Eesti Raudtee.

The statistics Department of Estonia has published disappointing data for the country's tourism industry - the number of foreign visitors decreased by more than 20% in the first quarter of this year. The drop is primarily due to the current European quarantine for the covid-19 pandemic.

At an online meeting held at the end of last week, the government of Estonia decided to terminate the emergency regime imposed in connection with the covid-19 pandemic. All official documents related to this regime are considered invalid since 18 May.

Since the beginning of the unstable period in the economy associated with the coronavirus pandemic, the Tax and customs Department of Estonia has stopped publishing data on companies that are in arrears on mandatory state payments. However, this practice was negatively perceived by most of the business community.

Innovative company Shopz.com offered Estonian businesses assistance in the form of 100 free packages for creating an online store and its counterpart for working on a smartphone in the difficult time of the world quarantine. This will allow companies not to suspend commercial activities during the pandemic.

At the end of last week the Estonian healthcare authority announced the main data on the incidence of covid-19 in the country. So far, the statistics of infection spread are favorable.

The state-owned logistics railway company AS Operail has started implementing a new management program that should lead the freight transport system to a new level. The digital modernization process is planned to be completed by 2021.

Several Estonian companies, including the organizer of the startup training camp Garage48 and the Ministry of economy-supported project AccelerateEstonia, which develops concepts for developing new markets, initiated the Global Hack conference on a global level. The main goal of the forum is to develop new, modern and effective ideas that would help countries more effectively fight the coronavirus pandemic and its consequences in all spheres of life.

Innovative Estonian startup Skeleton Technologies, which produces supercapacitors for the European space Agency, has developed a special model for medical equipment. Release of SkelMod 131V is carried out in the German plant of the company.

Representatives of the Lennart Meri Tallinn airport reported that 8 passenger air transport routes will remain in operation during the period of quarantine measures related to the coronavirus pandemic.

Since March 17, Estonia is actually under quarantine - foreign citizens will be banned from entering the country and control will be restored at border posts with other EU States. Such strict measures are associated with the active spread of covid-2019 in the EU.

Fermi Energia company, created by experts in the field of nuclear energy in Estonia, has designated the region for the construction of a new generation nuclear power plant. The commissioning of the facility is expected by the end of 2030.

Estonian platform Xolo, the largest provider of services for online entrepreneurs conducting remote business, and German Bank Wirecard have developed a new service that allows e-residents to open an international bank account without visiting the office of a credit institution and the country as a whole.

Eleon company, an innovator in the development and production of wind generators, announced the withdrawal of its main divisions from Estonia. The company's management complains about the unfavorable climate created by the government officials for the company's development.

Recently Estonia and Finland launched the process of exchanging information about commercial enterprises listed in the special register via the X-Road platform. This is the next stage on the way of combining the digital services of the two countries.

Startup Estonia company, created on the initiative of the government, presented an updated database of start-up entrepreneurs in the country at the beginning of the year. To date, the number of registered startups has exceeded 1000.