Russian bus company to open charter line to Estonian spas

Baltic Shuttle, a St. Petersburg bus company, will open charter lines to Estonian spas, the Valgamaa Arenguagentuur (Valga County Development Agency) foundation said. The routes run from St. Petersburg via Võsu and Loksa to Tallinn, to Narva-Jõesuu, to Pärnu via Rakvere and Tallinn, and to Värska via Otepää and Võru.
Initially the tickets and packages that are intended for St. Petersburg holiday-makers can be bought through Russian tour organisers.
The services will be run in co-operation between the bus companies Baltic Shuttle and Ecolines as well as Russian tour organisers and the Estonian consulate. The trip from St. Petersburg to Otepää, for example, will take 7.5 hours. The first test trips will take place at the end of June.

Source: Estonian Review

25 pct more companies established in Q1

SEB Pank said that in the period from January to April, 3 209 new public or limited companies were established, 25% more than in the same period in 2009. Allan Parik, head of corporate banking division at SEB Pank, said that the areas of operation of the new companies that had opened accounts in the bank were varied, but more than before businessmen had indicated personal and other business services as their sphere of operations.
“Building and decoration, wholesale and retail sale, which have also dominated in previous periods, follow,” Parik said. He said that about 6% of the new companies that had opened their accounts in SEB had mentioned industrial production as their field of activity, in the same range with statistics for 2007.
About 3 000 public and private shareholding companies a year start operations as SEB Pank clients.

Source: Estonian Review

Tehnopol to host a world conference in 2012

At the conference of the International Association of Science Parks (IASP) in Daejon, South Korea on Tuesday, members chose the Tehnopol technology park of the Estonian capital Tallinn as the venue for the IASP conference in 2012. The second choice for host of the 2012 event was the JSC Technology Park of Nizhny Novgorod, Russia, Tehnopol said.
The 2012 conference is expected to bring together the leaders of 800 science parks worldwide. With nearly 400 members in 70 countries, IASP is a worldwide network of science and technology parks. Tehnopol has been a member of IASP since 2003.
Tehnopol is a science and business environment for knowledge based companies located next to the Tallinn University of Technology and the Estonian IT College. More than 150 businesses are active in Tehnopol at this point.

Source: Estonian Review

Estonia invests 2.9 mEUR in programme for completing higher education

The Estonian government is planning to invest 75 million kroons (EUR 2.9 mln) of resources from the European Social Fund into the TULE (Come) programme of continuing university studies for those who have left them unfinished. On Tuesday Minister of Education and Research Tõnis Lukas endorsed the TULE action plan for 2010 and the budget of the programme until the year 2015.
“Currently, when there is little room on the labour market, is the best time to study. We decided to channel funds to support continuing studies because there are regrettably many young people who have interrupted their studies,” Lukas said.
The budget of the TULE program for 2010 is nearly three million kroons, and next year 27 million kroons. Until the year 2013 continuation of studies will be supported with more than 20 million kroons every year.
So far this year 445 applicants have continued their studies, and in the full four years there are plans to support the continuation of studies at higher education institutions for at least 800 young people. With the assistance of the TULE program it will be possible for those who have interrupted their studies in the school years 2003/2004 through 2008/2009 and have still to cover less than half of the syllabus to continue their higher education studies free of charge.
“Raising one’s qualifications is the best way to prepare oneself for a new rise in the economy and provoke it themselves. So it will be possible for everyone to get interesting and well-paid work in the near future,” Lukas said. Thirteen higher educational establishments have acceded to the TULE program.

Source: Estonian Review

Tallinn to be capital of European Law in 2012

A conference of the International Federation for European Law (FIDE) will take place in Estonia in 2012, and in connection with this Tallinn will serve as the capital of European law for that year.
Julia Laffranque, president of FIDE Estonia, said that Estonia will be the first country from Eastern Europe to host the conference. The event, held every two years, brings together more than 500 lawyers from all over the world.
The conference that presumably will take place in Tallinn at the end of May or in early June 2012 is expected to focus on three topics: the protection of human rights in Europe; relations between energy, environment and competition policy in the EU; and legal aspects of the information society in Europe based on freedom, security and law.
A year earlier, at the end of May 2011, a high-level delegation made up of national FIDE presidents will come to Estonia to look at preparations for the conference.
Laffranque added that the idea to choose capitals of European law in addition to European capitals of culture and green capitals emerged in the course of preparations for the conference. Tallinn will be the first city to bear this title.

Source: Estonian Review

Industrial production increased in April

According to Statistics Estonia, in April 2010 the production of industrial enterprises grew 18% compared to April of the previous year.

In April 2010 the production in manufacturing increased 19% compared to April of the previous year. When in total of 2009 compared to the previous year, the production decreased in all branches of manufacturing, then in January 2010 some branches showed recovery marks. In February and March a considerable growth could be observed in more than half of branches. In April the production exceeded the level of previous year almost in all branches. In April the export sales in manufacturing increased significantly — 36%, at the same time the demand on domestic market was still in falling trend and the domestic sales fell 12% compared to April of the previous year. The rapid growth in production was partly affected by the low reference base in 2009, while at the beginning of 2009 the decrease in production was the biggest. In April 2010, among the branches holding bigger share, the production increased in manufacturing of electronic products more than twice, in manufacturing of wood 21% and in manufacturing of metal products 13%. The production increased considerably also in some smaller branches, as in the manufacturing of motor vehicles, metals, paper, chemical, pharmaceutical and plastic products, and other transport equipment, mainly due to the increase of exports. The production of beverages, wearing apparel, leather, electrical equipment and repair and installation of machinery and equipment decreased.

In April 2010 compared to March, the seasonally adjusted industrial production increased 2.5%, the production of manufacturing grew 2%.

In April 2010 compared to April 2009, the production of electricity increased 42%, the production of heat — 2%. The increase in energy production was caused by a rising demand for energy induced by active manufacturing, as well as by replacement of imports of electricity with the own production.

The volume index and trend of production in manufacturing, January 2000 – April 2010 (2005 = 100)

Diagram: The volume index and trend of production in manufacturing, January 2000 – April 2010 (2005 = 100)

Read more from Statistics Estonia

Relations between Estonia and China good

Estonian Prime Minister Andrus Ansip and Deputy Speaker of the Chinese Parliament Jianmin Hua underlined that relations between Estonia and China are very good.
Ansip has been on visits to China on three occasions, twice as head of government and once as mayor of Tartu. “I have enjoyed every minute of my stays in China,” Ansip said. Jianmin Hua is in Estonia for the second time, the government spokesman told BNS.
Ansip and Hua stated that economic relations between China and Estonia have great potential, which was also confirmed by close economic relations between entrepreneurs.
Last year China was in 16th place among Estonia’s trade partners, and in2008 was in 17th place. Last year China passed Germany and became the world’s biggest exporter.
China recognised the independence of Estonia on 7 September 1991 and the two countries established diplomatic relations on 11 September that year during a visit to Tallinn of Chinese Deputy Foreign Minister Tian Zengpei. In 2011, 20 years will pass since the establishment of diplomatic relations between Estonia and China. In the near future Estonia will open its consulate in Shanghai and the building of the Estonian Embassy in Beijing will begin soon.

Source: Estonian Review