Gross domestic product rose a seasonally adjusted 2.5 percent in the fourth quarter from third quarter, Statistics Office said today. Output shrank a revised 9.5 percent from a year earlier, compared with a preliminary estimate of a 9.4 percent slump. The economy shrank an annual 14.1 percent last year, the statistics office said.
Tax board has become notably more active in freezing bank accounts of tax debtors. While last year the board froze in average 10,000 bank accounts a month, it has now frozen 55,000 accounts in two months of 2010, writes Äripäev.COMMENTS (1)
Estonian state postal company Eesti Post has sold Tallinna Postimaja building in central Tallinn located opposite Hotel Viru for 128 million kroons to Promethean.COMMENTS (8)
The new building of National Public Broadcaster ERR is likely to cost only about a billion kroons or half of what it was originally estimated. The construction works are expected to start next spring.
By quarterly growth, Estonia was the fastest-growing member state in the fourth quarter with 2.6% growth, according to first estimates released by Eurostat, the statistical office of the European Union. However, in terms of annual growth, Estonia, Latvia and Lithuania are clearly on the bottom of the EU.
Brussels is laying down a fresh economic vision based on innovation, education and digital technologies.
On May 29, tens of thousands of blondes will parade through the Latvian capital of Riga, as part of the city’s annual Go Blonde festival. COMMENTS (22)
Automotive group Autoliv Inc. said today it will make a buyout offer for remaining shares of Norma, an Estonian seatbelt maker. Autoliv already owns 51% of Norma.COMMENTS (4)
Latvian national airline airBaltic will launch two new routes from Tallinn to Finnish towns Tampere and Oulu in spring.COMMENTS (6)
The following is the text of the speech held by Toomas Hendrik Ilves at the Independence Day concert in Vanemuine Theatre in Tartu on February 24 as published on the President's website. COMMENTS (13)
S&P raised credit ratings of Swedbank and SEB as "Baltic economies are stabilizing."COMMENTS (3)
In the 4th quarter of 2009, average monthly gross wages were 12,259 kroons and were 6.5% lower than a year earlier.COMMENTS (3)
Estonia will celebrate its 92nd anniversary on February 24 with a range of official ceremonies .COMMENTS (19)
