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About BBN

26.08.2009, 09:35

BBN is a leading online English-language news service providing business and most important political news from Estonia.

Our news are mainly based on daily newsflow from the Bonnier Group business newspaper Äripäev.

Our journalists make sure that our readers have the most up-to-date coverage of business news each working day

Economic and demographic statistics

Area 45 228 km²

Population 1 344 000

Capital Tallinn

GDP per capita in EUR 8,200

Useful links

President of Estonia
Visit Estonia
Introduction to Estonia
Enterprise Estonia
Estonian Investment Agency
Estonian Development Fund
Bank of Estonia
Ministry of Economic Affairs and Communications
Ministry of Finance

Contacts:

Editorial
Marge Tubalkain-Trell
Office: +372 667 0319
Mobile: +372 52 05 666
bbn@aripaev.ee

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Ander Sibrik
Phone: +372 6670 110
Fax: +372 6670 200
ander.sibrik@aripaev.ee

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::Photo: : YLE

Estonia 33rd, Lithuania 47th, Latvia 70th by global competitiveness

Estonia is 33rd most competitive country in the new world, according to the new competitiveness ranking that was published by the World Economic Forum today. In comparison with last year, Estonia improved its ranking by two places, writes aripaev.eeCOMMENTS (4)

Andres Tukk::Photo: :

Swedbank: real estate market is alive

Andres Tukk, head of private financing division of Swedbank in Estonia, says that the real estate market has bottom out and the euro changeover will have positive impact on the banks' lending policy.COMMENTS (15)

PM condemns employers' manifesto

Prime minister Andrus Ansip used strong words in describing the recommendations of the Employers' Confederation. Employers say the PM is opposing it because of elections.COMMENTS (9)

::Photo: : Arhitektuuribüroo Pluss

Estonians to design Marriott Hotel in Riga

Two Estonian architects Indrek Allmann and Joel Kopli have won an international architectural contest for designing Mariott Hotel Riga.COMMENTS (25)

Estonia, Latvia poor
in youth unemployment

Estonia has EU's third-highest unemployment among people younger than 25 years of age with 37.5% unemployed. Latvia was second-worst with 39% based on the second quarter.COMMENTS (13)

New owner: Kalvi will remain open

Yevgeni Bolshakov of Belitex Invest that now owns Kalvi Manor House said that claims that Kalvi will be closed for the public were untrue.

Tarmo Kriis (left), Enn Veskimägi::Photo: : ÄP

Employers draw
criticism

A list of proposals to the state that the Estonian Employers' Confederation unveiled yesterday have already drawn criticism from most parliamentary parties and trade unions, writes aripaev.ee.COMMENTS (7)

Estonian ports handled record volume of cargo

Estonian ports handled 3.9 million tons of cargo in July that is 13% more than a year earlier. This has come as a surprise also for many in the logistics business.COMMENTS (3)

Estonian wages up 1.2% a year

Estonian average monthly gross wages rose an annual 1.2 percent in the second quarter to 12,869 kroons (822 euros), Statistics Estonia said today.COMMENTS (12)

Aivar Rehe::Photo: : ÄP

Estonia under pressure to curb unemployment

International business community expects Estonia to quickly bring its unemployment down to below 10%, says Aivar Rehe, CEO of Sampo Pank in Estonia.COMMENTS (8)

Authorities: huge differences in taxi tariffs in Tallinn

A price survey conducted in August by consumer protection authorities found major variations in taxi tariffs in Tallinn.COMMENTS (17)

IMF: Baltic states have turned corner on crisis

Economic crisis in the Baltic states has begun to ease, IMF said.COMMENTS (8)

FinMin upbeat
in new outlook

The Estonian economy will grow 2% this year, according to the latest forecast released by the ministry of finance today.COMMENTS (14)

Hanschmidt: nothing wrong with business ethics in Estonia

Ain Hanschmidt says that Estonian businessmen have good business ethics. COMMENTS (19)

Lipstok wants sanctions

There must be stricter fiscal rules in the euro region and sanctions for failing to implement them to prevent future crises, says Estonia’s central bank governor Andres Lipstok.COMMENTS (20)

Developer: it's like pre-boom times again

Mart Saa, board member of Estonia's largest real estate developer Arco Vara, says that the demand for housing has reached pre-boom times four years ago. COMMENTS (15)

Baltics way behind Finland in quality of life

In a Newsweek ranking of living conditions, Estonia was 32nd, Lithuania was 34th and Latvia was 36th. Finland was on top.COMMENTS (82)

Report: Tallinn cheapest among Baltic capitals for families

Tallinn has emerged as the cheapest place for a family among the three Baltic capitals, according a the Diena daily that compared the cost of living in Tallinn, Riga and Vilnius. According to the survey, family life in Tallinn is slightly cheaper than in Riga, while Vilnius is slightly more expensive, wrote The Baltic Course with reference to LETA.

Estonia ranked 2nd by shadow economy

Estonia has one of the largest shadow economies, according to a survey by economist Friedrich Schneider from Austria's University of Linz that covered 37 countries. COMMENTS (23)

Estonian second-quarter GDP up
3.5% year on year

In the second quarter the Estonian economy resumed annual growth after two and half years. According to the flash estimate of Statistics Estonia, GDP rose 3.5 percent from the second quarter of 2009, compared with a contraction of 2 percent in the first three months of this year. COMMENTS (17)

FT: Estonia’s recovery defies economists

Estonia that in July formally received confirmation from the EU that it will be admitted to the eurozone at the beginning of next year is stubbornly failing to comply with the predictions of currency crises, is already seeing a resumption of growth and a fall in its real cost of capital, John Dizard writes in today's FT.com. COMMENTS (128)

Big Mac index:
Baltic currencies
25-30% undervalued

According to a new Big Mac index published by The Economist this week, the Estonian kroon is 30% undervalued against the US dollar. A year earlier the kroon was 20% undervalued.COMMENTS (19)

Estonia may grow 3.6% in average in next decade

Estonian economy may grow 3.6% on average next year through 2020 thanks to a favorable business environment, the Economist Intelligence Unit said.COMMENTS (27)

Latest news

13:59Finnair scores victory over airBaltic in battle for Finncomm Airlines

12:59US starts charging for ESTA Travel Entry Form

12:34Estonian Air to buy three new airplanes from Bombardier

11:59Estonia 33rd, Lithuania 47th, Latvia 70th in Global Competitiveness Index (4)

11:26PKN Orlen, Lithuanian cabinet dispute over the rail link

10:43Estonian Air to open Vinlius-Stockholm line

10:43Latvian economy shrank 2.1% in Q2 by revised figures

Latest blog posts

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Latest comments

Estonia 33rd, Lithuania 47th, Latvia 70th in Global Competitiveness Index

"Another reason why Estonia improved its ranking was that while last year [...]

Estonia 33rd, Lithuania 47th, Latvia 70th in Global Competitiveness Index

sorry, correction: I really hope people here know how to read this rating. You [...]

Estonia 33rd, Lithuania 47th, Latvia 70th in Global Competitiveness Index

I really hope people here know how to read this rating. You need to face the [...]

Estonia 33rd, Lithuania 47th, Latvia 70th in Global Competitiveness Index

So what? Number ONE in the order of irrelevance!

Trichet: Estonia's eurozone preparations are on track

This is a huge mistake EE did, (would Estonians choose to be RUssian when russia [...]

Swedbank: real estate market shows signs of life

these apts in my house are selling for so much because the owners all bought [...]

Editorial: taxes to determine the future of Estonia

Hey guys, wake up Estonia is already having hard time to raise funds and [...]

Swedbank: real estate market shows signs of life

Spot on! Prices for flats in Spain have nose dived and there it is sunny most of [...]

Trichet: Estonia's eurozone preparations are on track

Hey, NO CHOICE! Why didn't You fight for Your freedom? Why don't You want to [...]

Swedbank: real estate market shows signs of life

Friggin useless banks! Why do people even read what they say. 4 milion families [...]

Estonian tennis player has
earned $200,000 in US Open (12)

Why we love the Reform Party? (9)

Edward Hugh::Photo: : Edward Hugh

Edward Hugh: Estonia's recovery may be delayed (2)

Putting taxes on top of the agenda (3)

Igor Rõtov::Photo: : ÄP

Don't be afraid to raise prices! (43)

Lucas: easing off in Estonia (10)

Oleg Gross::Photo: : ÄP

Gross: stop unemployment aid (22)

Andres Sooniste::Photo: : ÄP

Estonia, a prepayment paradise (7)

First wave of investors is here (10)

Aslund: Russia-Baltic relationship has never been as good as today (10)

Danske: Baltics are rebounding

Eva Berlaus::Photo: : Sorainen

What makes insurers pay? (2)

Comparing Baltic states (41)

Felipe Mohando::Photo: : Sorainen

Latin America has more to
offer than excellent footballers (5)

New rules for Estonian websites (2)

BBN off to celebrate Midsummer (2)

Estonia, a land of hopes and fears (1)

Study: oppression during Soviet occupation worse than imagined (53)

The fall of European socialism (11)

Casino Island project::Photo: :

Estonia, the land of megaprojects (16)

PM: Estonia may be living its
most secure period as a nation (13)

A closed and limited nation? (57)

Opinion: Are Estonians
doing Old Barney again? (4)

A Baltic future for Greece? (8)

Kalev as the last crown jewel (2)

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