Estonian Air, the national air carrier of Estonia, has set an all time record of over 100 000 passengers in a month, according to a report by Ingrid Teesalu on the Estonian Public Broadcasting (ERR) service’s English-language site. This figure, for the month of June, is almost double the 58 000 that the airline carried…
2012 June
Estonian real estate sales rose by eight per cent y-o-y in May 2012 according to a report on the Baltic Business News website. The biggest reported rise came in the pharmaceuticals sector, which saw a 13 per cent y-o-y rise, though this was due to the lower reference base from the previous year, the report…
The recent fall in fuel prices in Estonia looks set to peter out, according to a report on the Estonian Press Digest from News2Biz. Naturally prices at the pumps follow the world oil price, which has fallen from 125 USD (Brent Crude) in March to 90 USD at present, the lowest level for the last…
Controversial Tallinn Mayor Edgar Savisaar has announced that a Russian Orthodox Church in the Tallinn district of Lasnamäe will be completed in 2013 as per schedule, according to a report by Ingrid Teesalu on the English site of Estonian Public Broadcasting (ERR). Mr. Savisaar, 62, leader of the centre-left Keskerakond (Centre) Party and Mayor of…
Following yesterday’s post revealing the minimal increase in apartment prices in Estonia over the past 12 months, another post on Tõnu Toompark’s Adaur blog has stated that, in contrast, construction volume has seen a 28 per cent rise y-o-y to Q1 2012. This figure is derived from the construction volume index compiled from the Estonian…
Most of the major newspapers in Tallinn are taking a break today after Jaanipäev but here at Tallinn Property we don’t want to take a break from bringing you up to speed on all that is happening in real estate in Tallinn and Estonia in general! According to a report on Tõnu Toompark’s adaur blog,…
We at Tallinn Property and Goodson & Red would like to take the opportunity to wish everyone both in and outside of Estonia a Happy Jaanipäev! For anyone not familiar with this tradition, Jaanipäev, literally ‘John’s Day’ is the midsummer celebration here, usually marked by overnight partying around a bonfire, and even leaping over it!…
Estonian Foreign Minister Urmas Paet recently made a speech in Rio de Janeiro, Brazil, urging the necessity of wholesale changes in people’s lifestyles, according to a report by Kristopher Rikken on the Estonian Public Broadcasting English site. After noting the importance of citizens living within their means, Mr. Paet, formally Estonian Defence Minister, set out…
Estonian Minister of Finance Jürgen Ligi has stated that Greece will not receive any significant concessions on the terms that have been set out in the European Stability Mechanism, according to a report by Ingrid Teesalu on the English language service of the Estonian Public Broadcasting website . At a meeting in Luxembourg yesterday (Thursday…
The beginning of 2012 has demonstrated a successful rate of issue of residential permits, according to Tõnu Toompark on his adaur blog. The first quarter of 2012 saw 707 permits being issued, which was a rise of as much as 86 per cent y-o-y, Tõnu goes on. Nevertheless caution should be of the essence, Tõnu…