Estonia

International Internet Magazine. Baltic States news & analytics Monday, 18.02.2019, 12:34

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UP Invest exiting food retail business

UP Invest exiting food retail business

18.02.2019

UP Invest, holding of Estonian businessman Margus Linnamae, has decided to exit the business of food related retail and will discontinue the operation of the units supporting it, reported LETA/BNS.

Keyword tags: Estonia, Investments, Markets and Companies, Retail



Elering pays out EUR 7.5 mln in renewable energy subsidy in January

Elering pays out EUR 7.5 mln in renewable energy subsidy in January

18.02.2019

Estonian transmission system operator (TSO) Elering paid out altogether 7 mln euros in renewable energy support and 420,400 euros in high-efficiency cogeneration support January, and the largest recipients of the subsidy were Eesti Energia group subsidiaries Enefit Green and Nelja Energia, informed LETA/BNS.

Unemployment has fallen to almost the same low level as in the economic boom

Unemployment has fallen to almost the same low level as in the economic boom

15.02.2019

Unemployment fell in the final quarter of last year to 4.4% in Estonia, which is the same low level as in the economic boom. As the unemployment figure has fallen however, so the indicators for the functioning of the labour market have improved.


O'Leary's operator in Lithuania plans movie theatre, restaurant expansion

O'Leary's operator in Lithuania plans movie theatre, restaurant expansion

15.02.2019

Estonia's APL Restaurants, operating the O'Leary's restaurant chain, has set up three new businesses in Lithuania and plans to expand its network of movie theatres, cafes and restaurants, informed LETA/BNS.

Survey: Tram link between Ulemiste terminal, Old City Harbor possible already in 2023

Survey: Tram link between Ulemiste terminal, Old City Harbor possible already in 2023

15.02.2019

A tram line connecting the still-to-be-built Ulemiste passenger terminal to the southeast of Tallinn's city center with the Old City Harbor could be built for approximately 26 million euros and could be ready at the end of 2023, a study by the French consultancy firm Egis Rail SA suggests, writes LETA/BNS.


15.02.2019

Estonia: An apartment building with 48 apartments with a class A energy label was completed in Saue

Nordecon handed over to Estmak Capital OÜ the first apartment building in Saue, at Kuuseheki 50. Project developer Estmak Capital has already handed over the keys to its first customers. The apartment buildings of Kuuseheki residential area are three-storey energy efficient, class A energy-labelled residential buildings. The cost of designing and construction of the residential building at Kuuseheki 50 was 4 mln euros. Nordecon will continue the construction of the house at Kuuseheki 52, which will be completed by the end of November 2019, informed Nordecon representative.

14.02.2019

Labour market indicators in Estonia have improved year-on-year

According to Statistics Estonia, in 2018, the labour force participation rate was 71.9%, the employment rate was 68.1% and the unemployment rate was 5.4%. The number of long‑term unemployed was the lowest of the last 20 years.

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