European Commission estimates that if EU would impose the toughest economic sanctions against Russia, it would reduce Estonia’s GDP by 5.6% which equals to about a billion euros, writes Eesti Päevaleht. Commenting the estimation, Estonian officials say that the European Commission’s approach is too simplistic and contains mistakes.
For instance, European Commission has estimated the potential loss to Estonia’s economy by deducting Russia’s role in Estonian trade as percentage of GDP although it is unlikely that EU and Russia would stop all trade even at the toughest sanctions.
Moreover, in terms of energy production, European Commission does not take into consideration that Estonia produces electricity from its own local oil shale and is not entirely dependent on imported electricity.
The classified study which looks at the impact of different sanctions on individual EU member states was delivered to representatives of every EU member last week. To avoid leaks, each member states received only the country-specific part of the analysis. The aim of the study was to estimate the impact of different level of sanctions that EU may impose against Russia for the latter’s annexation of the Crimea.
EU leaders warned in March that if Moscow starts to instigate riots elsewhere than in the Crimea, the EU is prepared to impose tougher sanctions. The study lists various levels of sanctions ranging from softer sanctions such as banning of exports of Russian luxury goods such as diamonds or caviar to banning of fertilizer imports and large-scale sanctions against Russia’s banking and financial system.
In addition, birch trees in southern Estonia are forecast to begin blooming over the Easter weekend, says Annika Saarto, a university researcher at the Aerobiology Unit of the University of Turku.
In fact, people sensitive to birch pollen may suffer from nasal congestion already today, as strong winds transport pollen particles to southern regions of the country, estimates Mikko Routala, a meteorologist at Helsingin Sanomat.
The winds are expected to die down on Saturday, offering temporary relief to allergy sufferers.
Overall, weather over the Easter weekend is forecast to be relatively warm. Despite overcast skies, the mercury may already on Friday climb to over ten degrees Celsius. On Sunday and Monday, the temperatures are forecast to increase further.
“It's T-shirt weather in the south, as temperatures rise to close to 20 degrees. Whether or not the 20-degree mark will be pierced, we shall see on Monday at the latest,” Routala says.
The Tallinn Town Council directed to the city council a draft decision to allow all Tallinners to use a vessel on a line Tallinn-Aegna-Tallinn for free, informed LETA the press service of the City of Tallinn.
The free rides are entitled by a common regular transport cards eligible for all residents of Tallinn.
Along with Tallinners, the free rides on the mentioned lines will be given to pre-school children, children with limited abilities, persons above 16 years with disabilities, as well as persons with damaged eyesight and their companions.
Open competition for the definition of a shipping line between Tallinn and the island Aegna that was organized Tallinn Transport Department, was won by the firm AS Kihnu Veeteed. Contract of carriage in this line is enclosed on the three navigation seasons – from 2014 to 2016.
In the operation that was prepared for around six months, the criminal police arrested about twenty Estonians who are suspected being mobsters.
The court has authorized the public prosecutor to detain Paulus for a longer period under suspicion of organizing a criminal organization and violence.
Assar Paulus is considered the second most powerful criminal in Estonia, next to Nikolai Tarankov. He established himself in the criminal underworld after Kalev Kurg, head of the so-called Linnuvabrik mafia, was gunned down in 2005.
It is said that unlike Kurg, Paulus has always been open to cooperating with criminal gangs of other nationalities, including Chechens headed by Harun Dikajev. In 2006, Paulus was suspected of ordering an attack against Hans H. Luik, a media owner, but was not charged.
TALLINN - Two Estonians are reported dead after a passenger train heading from the capital city of Estonia to Tartu collided with a truck at a crossing on Wednesday afternoon in Harju County, the north of the country, the Estonian Public Broadcasting (ERR) reported.
One of the fatalities was a passenger on the train operated by the Estonian national railway corporation - Elron - when it bound for the second largest city Tartu, and the other was in the truck.
About 10 were injured among the estimated 100 passengers riding on the train when the accident occurred at around 3:30 p.m. (1220 GMT) near Raasiku, the northeast of Estonia, the ERR reported, quoting the Estonian police and rescue officials as saying.
A criminal investigation was opened and underway, the ERR said.
BELGRADE – Unstoppable Estonia sweeps the field to win promotion from the 2014 IIHF Ice Hockey World Championship Division II Group A in Belgrade to next year’s Division I Group B.
Never shaken nor stirred and eager to make amends for their disappointing demotion during last year's Division I Group B tournament in Donetsk, Ukraine, a new-look Estonia bounced straight back up a division with their credentials hardly been put to test. Seeing off Iceland (4-1), Australia (5-1) and Serbia (5-2), promotion was secured during Day 4 thanks to a 16-3 trouncing of newly promoted Israel. It marks the winning start and job done for the vastly experienced Finnish coaching duo, Sakari Pietilä and Harri Rindell, who stepped in at the helm of Estonia ahead of the tournament.
"We are the best team here, but this can also sometimes prove to be the hardest thing; to win when you know you must do so and while the pressure is on," said Pietilä, who together with his sidekick Rindell accepted the offer to take charge of Estonia just one month ahead of the Division II Group A in Belgrade giving them little time to stamp their mark on the roster. "The biggest challenge for us during our preparations was to try and find what players were best suited to play together," he continued.
In an interview to Postimees, Ossinovski said that Russia has been reducing its transit trade volumes passing through Estonia for political reasons and that recent news in Ukraine have made the situation worse.
“Events from recent weeks have already affected by businesses. Our revenues, profits have gone down sharply, and we have to downsize. We were also badly affected by the weakening of the Russian ruble because it happened at a very bad moment. We have large assets in Ukraine which have also been affected,” said Ossinovski.
In his speech in Pärnu Financial Conference held last week, Ossinovski said that Narva could become the provider of medical services to the middle-classes of St. Petersburg.
According to Ossinovski, if Estonia (Narva) and St. Petersburg were linked by rapid train service, Narva could become the bedroom for St. Petersburg.
"We intend to send the first products to Estonian and foreign markets in October this year," the company's owner Andrei Trubnikov told Postimees. "By producing in Estonia, we can reduce the price of our cosmetics sold in Europe by a fifth, which will certainly increase trust towards us."
Trubnikov's Estonian-registered companyEurobio Lab invests up to 5 mln euros of money borrowed from banks in the plant developed in the former Coca-Cola plant in Tallinn's Mustamäe city district. Trubnikov plans that when the plant is working at full capacity, it will have a hundred employees and nearly 40 mln euros of annual turnover, which would form a tenth of the volume of his current business.
Trubnikov is also looking for land in the Saaremaa island to grow ecologically clean herbs and studies the nature of Saaremaa to create an Estonian cosmetic products series. "Estonia has a very good reputation in Russia and elsewhere in the world, which is why we hope to be a success with Estonian products," he said.
Andrei Trubnikov owns the company Pervoye Reshenie, which issues 30 brands of cosmetics. His brands include Retsepty Babushki Agafi, Organic Garden, Eco Hysteria etc. The brand and company Natura Siberica started out in 2007.
The company has four plants in Russia and stores in Moscow, St Petersburg and Rostov by Don. The company's turnover is nearly 53 million euros a year and export volume nearly 400,000 euros.
Co-founder Taavet Hinrikus said it shows people are realising the ‘poor value’ that banks offer when it comes to sending money abroad.
‘In financial services there has been so little change for so long. But people won’t put up with opaque fees and poor service from banks any longer. TransferWise has saved our customers over £45m in banking fees,’ Hinrikus told MT.
TransferWise, which was started three years ago by Estonian-born Taavet Hinrikus and Kristo Käärmann, was given a massive boost when Peter Thiel, co-founder of PayPal and Facebook’s first investor, invested $6m in the startup last May. It was the first European investment for Thiel's fund Valar Ventures.
The money has been used to grow the number of currency transfers that TransferWise offers, which now includes the Polish Zloty, Indian Rupee, Chinese Yuan and South African Rand. A year ago just some European currencies and US dollars were on offer. If one currency is in stronger demand, Hinrikus says the firm works with large institutional partners to deal with the imbalance at the opposite end.
According to The Digital TV Eastern Europe report, digital TV penetration crossed the halfway mark of TV households in 2012, up from a third two years earlier and at the current rate will amount to two-thirds by the end of this year and 98.5% by 2020.
Of the 21 countries covered in the report, 13 will be completely digital by 2020 taking the lead of Estonia, the first to full conversion in 2012. From the 83.6 million digital TV homes to be added across the region between 2010 and 2020, Russia is set to contribute 40.7 million, with Ukraine increasing by 13.3 million and Poland 6.7 million.
In absolute terms, the number of digital TV homes will have tripled between 2010 and 2020; up from 41.0 million to 124.7 million. In the key paid-for sector, the number of digital pay-TV subscribers will have increased from 26.1 million (21.5% of TV households) in 2010 to 45.0 million (36.6%) in 2013 and to 73.6 million (58.2%) by 2020. Of the 52.3 million digital TV homes it calculates that will be added between 2013 and 2020, DTT is forecast to supply 24.9 million, digital cable 15.3 million, IPTV 6.6 million and pay satellite TV 5.8 million.
Looking at the business generated by the increased number of households, Digital TV Research predicts that pay-TV revenues in Eastern Europe will be 48% higher in the ten-year period to 2020 to $7.305 billion. Digital cable and IPTV revenues are set to more than double between 2013 and 2020, but satellite TV revenues, the mainstay of the industry, will likely only grow by 22% over the same period. Russia is expected to contribute $2.02 billion (28%) of the pay-TV revenues in 2020 — overtaking Poland in 2015 — and be responsible for nearly half of the region's $1.1 billion additional pay-TV revenues between 2013 and 2020. Russian TV ARPUs, traditionally very low, are set to increase.
There are some models that you can just spend hours looking at, Karmen Pedaru is one of them, and in light of her latest swimwear campaign for Oysho, we see no better time to highlight her as FashionTV’s Model of the Week!
Age: 24 Country: Estonia Fabulous Fact: Did you know that before modelling, Karmen was one of Estonia's top goalkeepers in soccer and played for Estonia's national team?
She’s classic, she’s elegant, and she’s high flying; Estonian beauty Karmen Pedaru is a fashion favorite with her gorgeous green eyes, million dollar smile (and ahem, super sexy husband). And this season she’s been chosen as the face (and body) of Spanish fashion brand Oysho for its summer 2014 campaign.
Karmen’s model journey began in 2005, when she was discovered at drama school and later began her full-time modelling career at the age of 18. Her first modelling job was for Teen Vogue for which she was flown to India having never before left the country! And Karmen has never looked back. She quickly became an industry favorite and has starred in advertising campaigns for Victoria’s Secret, Gucci, Derek Lam, Elie Saab and many more.
She describes her style as “relaxed, clean, comfortable, and timeless” and hails Audrey Hepburn and Jane Birkin among her style pinups.
Lying between Lake Peipus and the Baltic Sea, the city of Narva appears very different than the tourist-heavy Crimea. But what it lacks in climate, it makes up for in a unique mix of history and demographics that may well make it Putin’s next target.
Now located within Estonia, Narva has historical significance to Russia. It was here that Peter the Great was defeated by the better trained and equipped Swedish forces of King Charles XII in the opening phases of the Great Northern War. Peter, however, learned from his mistake. He changed tactics, avoided open battle, and slowly wore down the Swedes over the next two decades, eventually winning the war and with it, Narva.
The legacy of Peter’s victory lives on in Narva today. More than 80 percent of Narvans are ethnic Russians, while only 46 percent hold Estonian citizenship, compared to the 36 percent who hold Russian passports. A further 16 percent, mostly ethnic Russians, hold “undefined” status, lacking citizenship within Russia, but denied Estonian citizenship through vigorous linguistic requirements. Estonian is considered one of the most complicated languages in the world to learn, and fluency is required not just for citizenship, but also to work as a teacher or bureaucrat, requirements enforced by the Language Inspectorate. No wonder Russia announced last month that it found the “mistreatment” of Russians within Estonia unacceptable.
Competitive tendering has begun for a pre-feasibility study to examine a proposal to build a tunnel, or tunnel and bridge, between Helsinki and Tallinn. The €100,000 (£83,000) pre-feasibility study, which is called Talsinkifix, will look into previous studies and propose further action.
The fixed Helsinki-Tallinn transport link would be some 50km long. The alternatives envisioned are for either a tunnel or a tunnel-bridge combination. The competitionhas been lauched by Helsinki in Finland together with the city of Tallinn and Harju County in Estonia.
The main question to be explored in the study is the financial viability of a fixed Helsinki-Tallinn transport link and its economic impact. The study should be completed in the beginning of 2015.
A fixed transport link between Helsinki and Tallinn is expected to strengthen the competitiveness of the metropolitan areas of both Helsinki and Tallinn. The Helsinki-Tallinn link is already now included in the Estonian government’s national Estonia 2013 plans, in the Harju county plan and in the municipal plan of Viimsi, which is a borough in Harju County. The Helsinki city plan does not yet include the scheme.
Statistics Estonia analysed the population forecast of 14 Estonian cities and towns till 2040.
Statistics Estonia forecasts, that aside from Tallinn, Tartu and Maardu, the population in county centres will fall. In 25 years, the population of 5 of them, Haapsalu, Jõhvi, Võru, Valga and Kuressaare, will fall below the 10,000 inhabitants level.
The share of urban population will increase and that of rural decrease. While currently 59% of Estonian population lives in the 14 biggest Estonian towns, in nearly 30 years, the share will be 61%.
The importance of Tallinn and Tartu will grow most. While currently, 31% of the Estonian population lives in the capital Tallinn, in 2040, the figure will be 35%.
In 2040, Estonia is forecast to have 1,195,000 inhabitants, by a tenth less than now. The population will be considerably older than it is now, the number of births a year will fall.