US prisoners to migrate to Europe

Estonia has agreed to receive prisoners from the US Guantanamo Bay detention camp that is being closed down, Foreign Minister Urmas Paet told reporters after the government’s meeting on Thursday, ITAR-TASS reports.
“These are not criminals charged with terrorism, but suspects who were not put on trial over the absence of evidence. Therefore after the prison’ [...]

Economic crisis must not develop into political crisis

At a meeting with his Lithuanian and Latvian colleagues Vygaudas Ušackas and Maris Riekstins in Utena, Lithuania, Foreign Minister Urmas Paet emphasised that security-related and economic issues are very closely tied. “During this global economic situation, intensifying co-operation between Europe and the United States is very important in order to prevent the protectionist economic policies [...]

Swedes to help Bank of Estonia

Estonian bank and Riksbank, Swedish central bank, made a preventive agreement to guarantee financial stability and increase security on financial markets, Estonian central bank announced.  The capacity of the agreement is in amount of SEK 10 bln against EEKs (13.8 bln). The agreement increases Estonian central bank’s capability to secure liquidity in currency committee system.
“Preventive [...]

Construction volume decreased by a tenth

According to preliminary data of Statistics Estonia, in 2008 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 35 billion kroons, which is 12% less than a year earlier.

The production value of building construction was 23 billion kroons and the production of civil engineering totalled 12 billion kroons. Compared to [...]

Loans overdue 3,6%

In January, the corporate and household loan and leasing stock declined by 1.1 billion kroons, i.e., 0.4%. The financing portfolio decrease was broad-based with the loan and leasing portfolio shrinking the most in respect of real estate related enterprises, trading companies and manufacturing companies. The mortgage loan portfolio reflects the low of the real estate [...]

Kalev filed delisting request

AS Kalev submitted on February 23rd, 2009 to NASDAQ OMX Tallinn Stock Exchange an application for delisting AS Kalev shares. 
Management estimated that failure by Alta Capital Partners to execute food industry enterprise sales agreement concluded on 2007 to AS Kalev does not allow to execute business plans planned on fall 2007. Amongst other things AS [...]

Spy is imprisoned for 12 years

Today Harju County Court found former high state official Herman Simm guilty for treason and sentenced him to prison for 12.5 years, aripaev.ee writes.  Simm also has to pay EEK 20,155,000 for damages.
Source: BBN

Knowledge of the Estonian language helps to integrate

According to Statistics Estonia, the opinions of immigrants with knowledge of the Estonian language differed significantly from the opinions of immigrants without knowledge of the Estonian language with respect to belonging to the Estonian society and considering Estonia as their home country. Statistics Estonia conducted the immigrant population survey for the first time in 2008. [...]

Average salary was 13,382 kroons in December

According to Statistics Estonia, in the 4th quarter of 2008, the average monthly gross wages and salaries were 13,117 kroons and the hourly gross wages and salaries were 79.58 kroons. Compared to the 4th quarter of 2007, the average monthly gross wages and salaries were by 6.9% and the average hourly gross wages and salaries [...]

Government backs EU economic stimulus proposal

The Estonian government today approved the European Commission proposal to invest an additional five billion euros over the next two years to give a stimulus to the European economy.
The European Union executive proposes to invest in key energy projects, extending and upgrading of high-speed internet in rural communities, and tackling new challenges of the Common [...]