Business

The Tax and Customs Board urges Estonian companies to prepare for a hard Brexit that would bring customs fees and new certificates. Aircraft interiors maker Magnetic MRO has had enough of uncertainty. “Deal or no deal, we have made our decision and the train has left the station,” said CEO Risto Mäeots.

Estonian Minister of Economic Affairs and Infrastructure Taavi Aas at a meeting of the energy ministers of the United States, Estonia, Latvia and Lithuania in Vilnius on Sunday said that in the coming decades, there will be a great deal of work to move towards a climate neutral economy, and mutual cooperation in terms of both knowledge and technological solutions will be important.

Enefit Green, subsidiary of the state-owned Estonian energy group Eesti Energia, saw electricity production of 64 gigawatt-hours (GWh) in July, of which most or 58 GWh was produced by wind farms located in Estonia and Lithuania, but very good production figures were also seen at the company’s solar power plants, including the recently bought solar power plants in Poland.

James D. Melville, Washington’s ambassador to Estonia, wrote that he hopes the US “will someday return to being right.” Melville is the latest in a line of senior diplomats to step down over Trump’s treatment of allies.

Business organizations in Estonia say that, while they support initiatives by interior minister Mart Helme (EKRE) to amend the Aliens Act 2009 in relation to foreign labor, the exact changes proposed will not meet their objectives.

The Irish Estonian Business Network, an organization aimed at fostering Estonian-Irish relations in business, culture and other areas, has ceased its operations after five years. According to data on the companies register and the e-krediidiinfo

U.S. retail giant Amazon has established a subsidiary, Amazon Data Services Estonia OÜ, fueling speculation that the company is seeking to establish a data center or start providing cloud services in Estonia.

Some 1.7 million foreign tourists visited Estonia in the second quarter of 2019, 2 percent fewer than in the second quarter of 2018.