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About BBN

BBN is a leading online English-language news service providing business and most important political news from Estonia.

Our news are mainly based on daily newsflow from the Bonnier Group business newspaper Äripäev.

Our journalists make sure that our readers have the most up-to-date coverage of business news each working day.

Economic and demographic statistics:

Area: 45 228 km²
Population: 1 344 000
Capital: Tallinn
GDP per capita in EUR: 8,200

Useful links:

President of Estonia
Visit Estonia
Introduction to Estonia
Enterprise Estonia
Estonian Investment Agency
Estonian Development Fund
Bank of Estonia
Ministry of Economic Affairs and Communications
Ministry of Finance

Contacts:

Editorial
Toomas Hőbemägi
Office: +372 667 0319
bbn at aripaev.ee

Advertising
Ander Sibrik
Phone: +372 6670 110
Fax: +372 6670 200
ander.sibrik at aripaev.ee

::Photo: : ÄP

Estonian Air not amused by airBaltic

The plan of Latvian national airline airBaltic to become a major competitor for Estonian Air and set up a base in Tallinn is controversial and non-functional, according to Rauno Parras, vice president of commercial affairs in Estonian Air.COMMENTS (19)

Enriko Aav, CEO of Tax Board
::Photo: :

Tax board has frozen over 55,000 bank accounts in 2010

Tax board has become notably more active in freezing bank accounts of tax debtors. While last year the board froze in average 10,000 bank accounts a month, it has now frozen 55,000 accounts in two months of 2010, writes Äripäev.COMMENTS (7)

Estonian economy up
2.5% in fourth quarter

Gross domestic product rose a seasonally adjusted 2.5 percent in the fourth quarter from third quarter, Statistics Office said today. Output shrank a revised 9.5 percent from a year earlier, compared with a preliminary estimate of a 9.4 percent slump. The economy shrank an annual 14.1 percent last year, the statistics office said. COMMENTS (5)

Swedes buy Postimaja

Estonian state postal company Eesti Post has sold Tallinna Postimaja building in central Tallinn located opposite Hotel Viru for 128 million kroons to Promethean.COMMENTS (11)

Cost of ERR's new building may halve

The new building of National Public Broadcaster ERR is likely to cost only about a billion kroons or half of what it was originally estimated. The construction works are expected to start next spring.

Unemployment rate increases to 14.4%

Merko CEO: takeovers in Latvia, Lithuania

::Photo: : Yle.fi

Viking Line ferry collides with another ferry near Sweden

airBaltic critical
of Tartu Airport

Estonia on top of EU by quarterly growth, on
bottom by
annual growth

By quarterly growth, Estonia was the fastest-growing member state in the fourth quarter with 2.6% growth, according to first estimates released by Eurostat, the statistical office of the European Union. However, in terms of annual growth, Estonia, Latvia and Lithuania are clearly on the bottom of the EU.

Lithuania on top
by real estate prices

Port of Tallinn:
cargo handling up 20%

Brussels: EU must reform
its economy

Brussels is laying down a fresh economic vision based on innovation, education and digital technologies.

Andres Lipstok::Photo: : ÄP

Eesti Pank: EU deficit terms clearly met

Rein Loik::Photo: :

Tallinn Airport CEO: things are improving

Riga to host Go Blonde festival

On May 29, tens of thousands of blondes will parade through the Latvian capital of Riga, as part of the city’s annual Go Blonde festival. COMMENTS (22)

Phase 1 of Kodukolde project::Photo: :

Merko to build four houses for Arco Vara

Peep Siimon
::Photo: :

Norma to disappear from Tallinn bourse

Autoliv makes a bid
for 49% of Norma

Automotive group Autoliv Inc. said today it will make a buyout offer for remaining shares of Norma, an Estonian seatbelt maker. Autoliv already owns 51% of Norma.COMMENTS (4)

Merko's profit down 61% to EEK 116 mln

Jürgen Ligi::Photo: :

Ligi: economy to expand in Q1

Bertold Flick::Photo: :

airBaltic to open two routes from Tallinn

Latvian national airline airBaltic will launch two new routes from Tallinn to Finnish towns Tampere and Oulu in spring.COMMENTS (6)

Toomas Hendrik Ilves::Photo: :

Long live Estonia!

The following is the text of the speech held by Toomas Hendrik Ilves at the Independence Day concert in Vanemuine Theatre in Tartu on February 24 as published on the President's website. COMMENTS (13)

S&P: Baltics
are stabilizing

S&P raised credit ratings of Swedbank and SEB as "Baltic economies are stabilizing."COMMENTS (3)

Average wages down 6.5% in a year

In the 4th quarter of 2009, average monthly gross wages were 12,259 kroons and were 6.5% lower than a year earlier.COMMENTS (3)

Estonia turns 92

Estonia will celebrate its 92nd anniversary on February 24 with a range of official ceremonies .COMMENTS (19)

Latest news

14:46Autoliv confident of getting more than 90% of Norma

14:32Estonian economy contracted 14.1% in 2009

14:28Tallinn bourse now wholly-owned by NASDAQ OMX

14:24Latvia’s trade deficit at five-month high

11:05Estonian Air not amused by airBaltic's plans (19)

09:5318% more foreign tourists accommodated in January

09:52Estonia's trade deficit was narrowest in seven months

Latest blog posts

	Les Nemethy Managing risk to build corporate value (Part III)

	Les Nemethy Managing risk to build corporate value (Part II)

	Les Nemethy Managing Risk to Build Corporate Value (Part I)

Latest comments

airBaltic to set up base in Tallinn

Which media? Estonian? The same who said that Estonian Air will have profit last [...]

Estonian Air not amused by airBaltic's plans

I think OV will die in the middle of this year like FlyLAL

Ligi: it's better to die at the right time

God, I thought I moved far away enough from those pesty Belgians. Now I find [...]

Ligi: it's better to die at the right time

God, I thought I moved far away enough from those pesty Belgians. Now I find [...]

Estonian Air not amused by airBaltic's plans

You want to work and make money? Then I assume you are NOT payin ALL your taxes [...]

Estonian Air not amused by airBaltic's plans

Do you think I really give a f...k? I doubt very much if you would stand 5 [...]

Estonian Air not amused by airBaltic's plans

I see that somebody fabulate about creating a BAS - Baltic Airways System (like [...]

Estonia's No. 1 tennis player loses key sponsor

Pitty.... Well nevertheless I am sure that dutch based Hasan Kilinc or his [...]

Estonian Air not amused by airBaltic's plans

I see that Air Baltic advertise here !

Ligi: it's better to die at the right time

Also if you're one of the 40-year old "survivors", the male-female ratio is [...]

Jürgen Ligi::Photo: : ÄP

Ligi: when is the right time to die? (32)

Andrus Ansip::Photo: : ÄP

Andrus Ansip becomes longest-serving PM in Estonia since 1990

Managing risk to build
corporate value (Part III)

Andrus Alber::Photo: :

Save if you don't like camping

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You think Greece has problems? Latvia is on the way to serfdom (35)

Is Estonia spending
too much on defence? (24)

Lessons to be learned
from the real estate crash (7)

Pädaste Manor House::Photo: :

Condé Nast lists Pädaste Manor (4)

Managing risk to build corporate value (Part II) (2)

Price of Toompea property down from 60 to 15 million in two years (6)

Tõnis Jakob::Photo: : ÄP

Major changes in the VAT Act (1)

Students complain to Brussels
over bus fare in City of Tallinn (5)

Brigitte Alfter::Photo: : Internet

Press sources at risk in Estonia
(9)

Estonia is back in business (4)

Estonia needs Swiss democracy (52)

SEB economist Hardo Pajula::Photo: : ÄP

If you still have a job, don't start drinking in the middle of the week (9)

Aivar Rehe, head of Estonian Banking Association::Photo: : ÄP

Head of banking association:
no to American approach to debt (13)

Managing Risk to Build
Corporate Value (Part I) (1)

Ranno Tingas::Photo: :

Ready for sales tax in Tallinn? (1)

::Photo: : airBaltic

Leonardo da Vinci flies airBaltic (3)

::Photo: : PantherMedia/Scanpix

Eurobarometer: 74% of Estonians generally satisfied with their life (2)

airBaltic, bookinghouse.ee
locked in luggage fee row (4)

New survey: when Estonians budget, it is only for short term

Tax board: asset fraud
becoming more common (7)

Kaia Kanepi and Enn Pant::Photo: :

Estonia's No. 1 tennis player
Kaia Kanepi loses key sponsor (8)

Students to appeal to Brussels against bus fares in Tallinn (10)

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