www.bbn.ee

Tallink won't pay dividends for 2011

Thu, 17 May 2012 08:32:13 GMT

Shipping company Tallink, which earned 37.5 million euros of profit in 2011, will not pay any dividends to shareholders.

Minister: Estonia not to cut green subsidies retroactively

Thu, 17 May 2012 07:46:18 GMT

Estonia will not lower subsidies to renewable-energy producers retroactively unless it reaches an agreement with investors, Environment Minister Keit Pentus said, according to a Bloomberg report.

Google Streetview keeps US Embassy at a distance

Thu, 17 May 2012 07:40:55 GMT

Google Streetview application that shows most of Tallinn has some exceptions, such as the US Embassy building in Kentmanni street, writes Eesti Päevaleht.

Retailers demand lower card payment fees

Thu, 17 May 2012 06:38:03 GMT

Rapid increase in the number of card payments has made several retailers demand that banks reduce card payment fees that they charge from retailers, writes Äripäev.

Paper: son of Karl Vaino to join administration of Russian President

Wed, 16 May 2012 11:11:53 GMT

Anton Vaino who is son of Karl Vaino, the one-time chairman of the Estonian Communist Party and who has since 1991 been employed in prime minister Vladimir Putin’s administration is likely to move to the presidential administration in the Kremlin, reports Russian newspaper Kommersant.

Did Estonian banks lend 1.25 billion kroons to Russian oligarch?

Wed, 16 May 2012 11:09:56 GMT

Indrek Põder former official of KAPO who is being chared for large-scale bribery, has told prosecutors that one of world’s richest businessmen, a Russian oligarch Dmitri Rybolovlev, borrowed several years ago 1.25 billion kroons from Estonian banks to finance a transaction, writes Postimees.

Estonia to spend five million on promoting itself in Russia, Latvia, Finland

Wed, 16 May 2012 11:08:12 GMT

Enterprise Estonia is going to spend about five million euros, targeting mainly tourists from Russia, Latvia and Finland, promoting Estonia as a tourism destination, writes Postimees.

Businessman seeks control over Estonia’s largest dairy

Wed, 16 May 2012 07:28:01 GMT

Estonian businessman Toomas Tool is the only creditor of Luterma, a bankrupt company owned by Oliver Kruuda, to continue the battle for the shares of Estonia’s largest dairy group Tere.

Baltic countries remain attractive as outsourcing market

Tue, 15 May 2012 11:59:19 GMT

All three Baltc countries continue to do well as providers of outsourcing for Western companies.

Vladimir Antonov planned to buy a bank in Estonia

Tue, 15 May 2012 11:55:19 GMT

Indrek Põder, former official of the national security agency KAPO who was arrested earlier this year on suspicion of large-scale bribery told the investigators about the plan of Russian oligarch Vladimir Antonov, former owner of Snoras Bank in Lithuania and Krajbanka in Latvia, to acquire Krediidipank in Estonia, writes Postimees.

State to make public data readable to machines

Tue, 15 May 2012 11:50:59 GMT

The government decision to make public information machine-readable is good news for service developers, writes Äripäev.

Finnair outsources its accounting to Estonia

Tue, 15 May 2012 10:07:29 GMT

One of the world’s largest airlines Finnair has outsourced its accounting operations to Tartu, writes Äripäev.

Unemployment rate stabilizing at 11.5 percent

Tue, 15 May 2012 07:57:46 GMT

Nordecon: we lost 4 million euros in Lennusadam project

Tue, 15 May 2012 07:37:57 GMT

Estonian listed construction company Nordecon said that its costs were 4 million euros more than its income from the renovation project of Lennusadam, writes Äripäev.

Paet: Tallinn-Istanbul direct flight could come within a year

Mon, 14 May 2012 14:18:00 GMT

At the opening of the Estonia-Turkey Intercultural Trade and Education Association (EESTURK), Estonian foreign minister Urmas Paet said that hopefully it will become possible to fly directly from Tallinn to Istanbul within the year.

Nord Stream may build new undersea gas pipelines

Mon, 14 May 2012 14:06:11 GMT

Natural gas infrastructure consortium Nord Stream is to conduct a feasibility study on possible options to further increase its capacity to transport natural gas from Russia to Europe through the Baltic Sea, according to Helsingin Sanomat.

Go Rail launches Tallinn-St Petersburg train service

Mon, 14 May 2012 11:26:33 GMT

Ministry: residential development could be risk to military intelligence

Mon, 14 May 2012 07:16:12 GMT

The defence ministry is not amused over the plan of State Real Estate Company (RKAS) to develop residential buildings at Magasini street in Tallinn, on the location of the current prison, because of national security reasons, writes Postimees.

Mayor of Nõmme enjoys fun in the sun at taxpayers’ money

Mon, 14 May 2012 06:57:27 GMT

Erki Korp, head of Nõmme city district government in Tallinn, turned his one-week religious seminar in Florida into a 16-day holiday trip that will cost the taxpayer more than a thousand euros.

Sampo Bank to become Danske Bank

Fri, 11 May 2012 13:12:31 GMT

Sampo bank will adopt the name of its parent company, Danske Bank, at the end of the year, reports ERR.

Iberia Express to begin flights between Riga and Madrid in July

Fri, 11 May 2012 10:12:31 GMT

In July 2012, Spanish airline Iberia Express will begin flights between Riga and Madrid, announced Riga International Airport, according to a Baltic Course report..

Estonia's Q1 GDP growth 3.9% y-o-y on construction, trade

Fri, 11 May 2012 08:47:51 GMT

Estonia's economy expanded by 3.9% year-on-year in the 1st quarter of 2012 mainly due to the increase in value added in construction and trade sectors, according to the preliminary calculations of the statistical office Eesti Statistika. At the same time, industry, the growth engine of previous quarters, switched on reverse.

The lucrative lighting business in Tallinn

Fri, 11 May 2012 08:07:46 GMT

A company owned by Heino Harak that controls the street lighting business in Tallinn has made it difficult for others to compete, writes Äripäev.

More tourists staying in Estonia in Q1

Thu, 10 May 2012 07:47:51 GMT

According to Statistics Estonia, 488,000 tourists stayed in the accommodation establishments in the first quarter.

Accountant steals 400,000 euros from two logistics companies

Thu, 10 May 2012 07:45:15 GMT

Olga Sepp, an accountant who worked in Dekoil until 2009, has pleaded guilty in a trial where she was accused of having stolen a total of 400,000 euros from two companies, writes Äripäev.