All entries related to Estonia, newest first. tag:eurotrack.ai,2026:en:en/countries/estonia 2026-10-30T06:00:00Z Eurotrack tag:eurotrack.ai,2026:246b5e1c:en 2026-10-30T06:00:00Z

Estonia's largest agricultural group Agrone closed the purchase of 100% of Food Union Management on 30 October 2026. The holding controls majority stakes in Rīgas piena kombināts and Valmieras piens. The seller is Food Union Luxembourg Holdings II, both Estonian and Latvian competition authorities cleared the deal and SEB provided financing. The price was not disclosed, and operations and brands are initially unchanged (ERR News, 31 October 2026). — Source: https://news.err.ee/1610182228/estonian-raw-milk-producer-buys-latvia-s-largest-dairy-company

tag:eurotrack.ai,2026:a12e87d3:en 2026-10-29T06:00:00Z

Coolbet's Estonian company VG Estonia has notified the Unemployment Insurance Fund of more than 130 redundancies, 134 according to Äripäev; that would affect almost half of its 300-plus staff in Tallinn. The company cites weaker business-to-business results and growing regulatory and tax pressure; the final scope depends on the consultations (ERR, 29 October 2026). — Source: https://news.err.ee/1610180281/coolbet-estonia-to-shed-up-to-134-jobs-at-tallinn-hq

tag:eurotrack.ai,2026:8e5ffdd4:en 2026-10-29T06:00:00Z

Estonian CRM software firm Pipedrive plans to downsize significantly at all locations, according to a letter from CEO Paulo Cunha to staff: fewer teams, management layers and offices. Most current roles are affected, and each employee will be informed individually over the next two days. The company gives no figure; the group employs almost 800 people, around half of them in Estonia. (ERR News, 29 Oct 2026) — Source: https://news.err.ee/1610180296/estonian-unicorn-pipedrive-announces-major-restructuring-office-closures

tag:eurotrack.ai,2026:68d65463:en 2026-10-27T06:00:00Z

Swedbank is laying off around 500 staff across the group; in Estonia and the other Baltic states the figure is about 100 of more than 6,000 employees there, according to Baltic head Olavi Lepp. The bank points to a reorganisation of work and normalised profitability after heavy development investment in earlier years, and offers retraining. Lepp does not rule out further cuts as AI is rolled out (ERR News, 27 Oct 2026). — Source: https://news.err.ee/1610178361/swedbank-lays-off-100-in-baltic-states-warns-ai-could-mean-more-cuts

tag:eurotrack.ai,2026:1b754aee:en 2026-10-09T06:00:00Z

The bonus is meant to raise municipalities' readiness to plan and permit wind farms and can be used for schools and public buildings, pedestrian and cycling paths or local projects. It is a draft regulation and has not yet been adopted (ERR, 9 Oct 2026). — Source: https://news.err.ee/1610162095/estonia-plans-up-to-5-million-payments-to-municipalities-that-allow-wind-farms

tag:eurotrack.ai,2026:a078a7c2:en 2026-10-08T06:00:00Z

From 102 applications in the second call, the Commission selected 46 further projects: eight on extraction, 11 on processing and 19 on recycling, plus eight integrated projects. They include seven lithium, 12 nickel, 10 cobalt and four rare earth projects. Of the first 2025 list, 25 projects have so far completed their environmental assessment and 17 hold a construction permit; the Commission announces a new call for the end of 2026 (European Commission, 8 Oct 2026). — Sources: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2113 · https://ec.europa.eu/commission/presscorner/detail/en/fs_26_2115

tag:eurotrack.ai,2026:871d15fd:en 2026-10-05T06:00:00Z

Latvian airline airBaltic notified Latvia's state employment agency of a collective redundancy on 05.10.2026; 500 to 700 of its roughly 3,000 staff at the Riga, Vilnius and Tallinn bases could be affected. The cuts follow a new business plan after the creditor protection proceedings opened in mid-September: the fleet is to shrink from 54 to about 36 aircraft by the end of 2026, talks with unions on shorter working hours for pilots and cabin crew are under way, and no individual decisions have been taken yet (aeroTELEGRAPH, 05.10.2026; second source: LSM, 05.10.2026). Update (25 Oct 2026): On 14 Sep 2026 airBaltic filed for Chapter 11 protection with the US Bankruptcy Court for the Southern District of New York, together with certain subsidiaries; flights continue as scheduled and tickets and bookings remain valid. The process is meant to provide a framework for negotiations with creditors such as aircraft lessors (AviTrader, 14 Sep 2026). Update (30 Oct 2026): airBaltic confirmed to LSM that it plans to cut about 300 flying-crew jobs, around 100 pilots (bases Riga, Vilnius, Tallinn) and 200 cabin crew (all in Riga); the figures may still change after staff assessments, reflecting changes to the 2027 timetable and route network, and the Latvian aviation union criticises the selection criteria (aeroTELEGRAPH, 30 Oct 2026). The 300 jobs are part of the range above, not additional. Update (30 October 2026): airBaltic will base only two instead of three A220-300s in Vilnius this winter, where 81 people work; how many jobs will go in Lithuania is open, and the company says it will be fewer than initially planned (LRT, 30 October 2026). — Sources: https://www.aerotelegraph.com/ticker/air-baltic-plant-abbau-von-bis-zu-700-stellen/xep72x4 · https://www.lsm.lv/raksts/zinas/ekonomika/05.10.2026-airbaltic-darbibas-sasaurinasana-varetu-skart-500-700-darbinieku-gatavojas-kolektivajai-atlaisanai.a666243/ · https://avitrader.com/2026/09/14/airbaltic-files-for-chapter-11/ · https://www.aerotelegraph.com/ticker/air-baltic-will-rund-100-pilotinnen-und-piloten-und-200-flugbegleitende-entlassen/87qp93l · https://www.lrt.lt/en/news-in-english/19/3098074/airbaltic-to-reduce-vilnius-based-fleet-to-two-aircraft-as-job-cuts-loom

tag:eurotrack.ai,2026:dab8155a:en 2026-10-01T06:00:00Z

The payments follow Council approval and reward completed reform and investment targets in the national recovery plans; Poland's tranche rests on its fifth payment request of 19 June 2026, which the Commission had assessed positively on 10 August 2026, and funds among other things 88 new trams for Wrocław, Poznań and Kraków and digital technology in schools (European Commission, 1 Oct 2026). — Source: https://ec.europa.eu/commission/presscorner/detail/en/ip_26_2037

tag:eurotrack.ai,2026:1c5456d3:en 2026-09-28T06:00:00Z

Prime Minister Kristen Michal explains the deficit of 4% instead of the permitted 4.5% by a further €250m left unspent; the 10% cut in government spending agreed for 2025-2027 continues. Of the defence funds, €632m go to air and missile defence, long-range strike, artillery and ammunition, of which €100m for drones; the budget also postpones the completion of Rail Baltica. Parliament still has to approve it, and elections are due in March 2027 (ERR, 28 Sep 2026). — Source: https://news.err.ee/1610150491/estonia-prioritizes-national-defense-postpones-rail-baltica-completion-in-2027-budget

tag:eurotrack.ai,2026:350712cb:en 2026-08-27T06:00:00Z

Estonian arms and ammunition maker Wolfram Europa is building a combat munitions plant on about 40 ha south of Jēkabpils; the exact site is not disclosed for security reasons. Investment is to rise from about €50m initially to up to €200m over three phases, creating around 200 jobs, with production due to start in the second half of 2027. The government has earmarked €4.8m as a capital grant, payable only if conditions such as €150m of exports in the first phase are met (LSM English, 27 Aug 2026). — Source: https://eng.lsm.lv/article/society/defence/27.08.2026-explosives-factory-being-built-near-jekabpils-latvia.a660549/

tag:eurotrack.ai,2026:b9b05e9c:en 2026-08-01T06:00:00Z

The tram tunnel beneath the Rail Baltica terminal at Ülemiste and the new tram line are complete: since 1 August 2026 lines T2 and T4, coming from the Kopli and Tondi directions, serve Tallinn Airport and the Ülemiste district, restoring the link that had been closed since 2023 because of construction work. The tunnel was built by AS TREF Nord and ATEMO under a EUR 20.9 million contract funded by the EU and Estonia; a 110 m passing loop at the airport terminus, finished in 2025, allows more frequent services. The Ülemiste station (Rail Baltica terminal Linda) is due to be completed in 2028. (LOK Report, 4 Aug 2026) — Source: https://www.lok-report.de/news/europa/estland/estland-tram-tunnel-und-flughafen-anschluss-am-rail-baltica-bahnhof-uelemiste-fertiggestellt.html

tag:eurotrack.ai,2026:3e218c88:en 2026-07-27T06:00:00Z

DHL Group is buying the parcel group Venipak from its founder Nerijus Raudonis; it operates in Lithuania, Latvia and Estonia (and, according to the source, Poland) and is to be integrated into DHL eCommerce. Venipak has about 1,000 employees and 350 independent couriers, about 800 parcel lockers and collection points and 25 logistics terminals; no changes to management or staff are planned. The price is not disclosed and closing is subject to regulatory approvals (LSM English, 28 Jul 2026). — Source: https://eng.lsm.lv/article/economy/business/28.07.2026-german-dhl-to-buy-venipak-in-baltics.a656552/

tag:eurotrack.ai,2026:a35419f1:en 2026-07-20T06:00:00Z

On 20 July 2026 Hungary's OTP Bank signed an agreement to acquire 100% of Luminor Holding from a consortium of Blackstone-managed private equity funds (majority) and DNB Bank. Luminor is the third-largest financial services provider in the Baltics (Latvia's fourth-largest bank by total assets); for 2025 it reported net profit of €158m, a return on equity of 8.6% and a CET1 ratio of 20.2%. The purchase price was not disclosed. Completion is subject to regulatory approvals (Estonian financial supervisor, ECB, Latvian central bank). Second source: BNN. — Source: https://www.baltictimes.com/otp_bank_to_acquire_luminor__opening_a_new_chapter_in_baltic_financial_markets/

tag:eurotrack.ai,2026:a071ff03:en 2026-07-16T06:00:00Z

The Estonian government approved the reform's final decisions on Thursday, 16 July 2026. Of the roughly 1,900 people currently employed across the state IT houses, about ten percent — some 200 posts — will go over three years, mainly duplicated support functions; at the same time demand for more highly qualified specialists is rising, so part of the existing roles will be reshaped. Justice and Digital Affairs Minister Liisa Pakosta justifies the reform with an IT landscape that grew fragmented along ministerial lines over many years. In future, new systems may no longer duplicate what a central solution already provides. — Source: https://www.err.ee/1610078878/valitsus-kiitis-heaks-suure-digiriigi-reformi

tag:eurotrack.ai,2026:bfd07295:en 2026-07-07T06:00:00Z

On 1 July 2026 Russia closed most border crossings to Finland, Estonia and Latvia, but freight trains are exempt. Finland has nevertheless decided to end rail imports at the end of July because Russia raised customs duties on goods shipped to Finland eightfold; Finland itself had closed its border with Russia and ended passenger trains in December 2023. Most affected are block trains with ammonia for fertiliser production (not covered by EU sanctions for food-security reasons) that run via the Vainikkala border station and largely go on to Africa through the port of Kotka, plus the freight operator North Rail (Nurminen Logistics) with nine Dr20 diesel locomotives, which specialises in hauling these trains: it has announced redundancies and its survival is at risk. The date is the day of the report; the article does not name the day of the decision. (LOK Report, 7 Jul 2026) — Source: https://www.lok-report.de/news/europa/finnland/finnland-das-ende-der-russischen-exportzuege-nach-finnland.html

tag:eurotrack.ai,2026:469bd3e8:en 2026-06-18T06:00:00Z

The act sets up a phased licensing system of preliminary assessment, construction licence, testing licence, operating licence and decommissioning licence; the regulator will be the Consumer Protection and Technical Regulatory Authority. Operators bear full responsibility for the plant's safety and for costs at the end of its life (World Nuclear News, 18 Jun 2026). — Source: https://wnn.world-nuclear.org/articles/estonias-parliament-passes-new-nuclear-energy-law

tag:eurotrack.ai,2026:461f0129:en 2026-05-26T06:00:00Z

Turkish defence group ARCA has confirmed through its Estonian subsidiary that it will build a factory for 155 mm artillery shells, mortar rounds and 122 mm rockets at the Põhja-Kiviõli defence industry park in Ida-Viru, at its own expense. Up to 1,000 jobs are to be created and production is to start in 2028; the state provides a 141-hectare plot and contributes up to €10m for access roads, fencing and utility connections (estonia.ee citing ERR, 26 May 2026). — Source: https://estonia.ee/stories/estonia-300m-defence-industry-investment

tag:eurotrack.ai,2026:4ad590c3:en 2026-04-07T06:00:00Z

Finnish retail group SOK is selling the 13 Prisma Peremarket stores it operates in Estonia to Coop Eesti Keskühistu; about 700 employees are to move to Coop and the stores become Coop stores, while the Prisma brand is not part of the deal. Completion needs approval from the Estonian competition authority and is expected in 2026; the parties agreed not to disclose the terms (ERR, 7 Apr 2026). Update (7 Sep 2026): Coop Estonia has completed the acquisition of the 13 stores after the competition authority approved it in May; the conversion to the Coop brand runs in phases until November, around 700 employees transfer and the national market share rises from about 23% to 28% (Eurocoop, 7 Sep 2026). — Sources: https://news.err.ee/1609988682/finnish-sok-sells-prisma-supermarkets-to-coop-estonia · https://eurocoop.coop/coop-estonia-completes-acquisition-of-prisma-peremarket/

tag:eurotrack.ai,2026:f454b296:en 2026-03-31T06:00:00Z

Enefit Industry, a subsidiary of Eesti Energia, is closing the Narva oil shale quarry in summer 2026 and moving all mining to the Estonia mine in Alutaguse municipality once the new Enefit 280-2 oil plant has started up. Of about 350 quarry workers, nearly two-thirds are to be offered jobs at the mine or elsewhere in the group, about 70 stay on for closure and restoration work until 2028/29, and around 100 lose their jobs (ERR, 31 Mar 2026). — Source: https://news.err.ee/1609982683/enefit-to-lay-off-100-miners-as-narva-oil-shale-quarry-shuts-down

tag:eurotrack.ai,2026:73b73c08:en 2026-01-05T06:00:00Z

The 77.8 km Tallinn–Tapa railway in northern Estonia (17 stations, incl. Kehra, Aegviidu, Lehtse) is now fully electrified: 3 kV DC from Tallinn to Aegviidu, then 25 kV AC to Tapa. On 5 January 2026 operator Elron began services on the line with new Škoda rolling stock at a maximum speed of 160 km/h; the wider passenger network otherwise runs Stadler FLIRT trains. Infrastructure is maintained by EVR Infra, a subsidiary of Eesti Raudtee. — Source: https://en.wikipedia.org/wiki/Tallinn–Tapa_railway