Estonia, Legislation, Real Estate

The enterprise reported that the extraordinary profit earned in the first half of the year was mostly due to sale of railroad infrastructures in the Koidula railroad border crossing point to EVR Infra, a subsidiary of Estonian Railways.

In the first half of the year, the company invested 7.8 million euros into improving work conditions in the public sector establishments and managed an additional 7.5 million euros worth of CO2 project investments, which renovated 75 buildings across the country in order to improve their energy sustainability.

In total, the State Real Estate Company has renovated 234 buildings to improve their energy sustainability with the funds received from sales of CO2 emission quotas on the basis of the Kyoto protocol.

In the first half of the year, the enterprise sold 2.1 million euros worth of real estate that was not necessary for the State. A total of 39 real estate properties were sold.