Estonia to issue tender to buy gasoline and diesel

Estonia will issue tenders to buy 30,000 cubic meters of gasoline and 35,000 cubic meters of diesel, the Estonian Oil Stockpiling Agency said, Bloomberg writes.

The tender will be in mid-May or early June, Priit Enok, a board member of ASi Eesti Vedelkütusevaru Agentuur, based in the capital Tallinn, said in a phone interview today.

Estonia must increase its fuel stocks to an average of at least 90 days this year to meet European Union regulations, the agency said by e-mail today. On Feb. 3, the agency said it had 65 days of reserves.

Source: BBN

Estonian Air opens route to Amsterdam

Starting from 7 June 2009, Estonian Air will operate flights between Tallinn and Amsterdam in cooperation with KLM.  Cooperation between the two airlines enables to offer convenient flights with good value for money into KLM destinations all over the word, as well as from KLM destinations to Tallinn. 

„Amsterdam Schiphol airport is one of the biggest and liveliest hubs in Europe, offering a wide choice of flights into the entire world. Amsterdam is becoming an increasingly important hub for Estonians who use it for changing to connecting flight into the final destination,“ says Rauno Parras, Estonian Air’s acting Vice President Commercial.
Estonian Air will operate flights between Tallinn and Amsterdam three times a week on Wednesdays, Fridays and Sundays.
Wednesday, Friday, Sunday   OV173
Tallinn  6:45
Amsterdam  8:10
Wednesday, Friday, Sunday   OV174
Amsterdam 9:40
Tallinn  13:00
Until 7 June 2009, while no direct flights are operated, Estonian Air offers one-stop flights to Amsterdam through Copenhagen, Stockholm or Helsinki.
Source: Estonian Air

Will the real estate tax hit only wealthy people?

The real estate tax may come in form of taxing summer houses and real estate investments, Äripäev reports.

“Taxing summerhouse or other second real estate may be one solution if registers and organizational side enable that. Two dwellings in Estonia is treasury enough,” Andres Saarniit, monetary advisor at the Estonian central bank said. The greatest problem with common real estate problem in Estonia would be that many people haven’t bought their real estate, but gotten it with ownership reform. “That’s why they have asset, but don’t necessarily have big income,” Saarniit said.

The municipalities got more than EEKL 0.75 bln as a real estate tax last year.

Read more from BBN