Estonia

Minimum Wages Set to Increase in Baltic States in 2024

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As we usher in the new year, significant changes are on the horizon for the Baltic states, particularly in the realm of minimum wage. In 2024, Estonia, Latvia, and Lithuania are all set to witness an increase in their minimum wage, signifying a shift in economic dynamics. Let's delve into the details of these changes and their potential impact. In 2024 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 820; Latvia - EUR 700 and Lithuania - EUR 924.…


Estonia Considers Nuclear Energy to Reduce Dependence on Fossil Fuels

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Estonia, a small Baltic country in Northern Europe, is considering the possibility of using nuclear energy as a way to reduce its dependence on fossil fuels and increase its energy security. This move could have a significant impact on the country's economy, as well as its energy and environmental policies. Estonia's Fermi Energia has selected GE Hitachi Nuclear Energy's (GEH's) BWRX-300 small modular reactor (SMR) for potential deployment in the Baltic country by the early 2030s. Two other…


Minimum Wages Set to Increase in Baltic States in 2023

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In 2023 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 725; Latvia - EUR 620 and Lithuania - EUR 800. During the past 5 years minimum wages across the Baltics have experienced a steep increase, and in some cases even doubled. When compared to 2018, Estonia's minimum wage has increased by EUR 225, Latvia's by EUR 220, and Lithuania's by a whooping EUR 400. Despite pretty decent increases in the Baltic States, minimum wages here are still among the…


Investing in Estonia, Latvia and Lithuania with Baltic Horizon Fund REIT

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Baltic Horizon Fund is a regulated closed-end contractual investment fund registered in Estonia. The fund is traded on Tallinn (Nasdaq Baltics)  and Stockholm stock exchanges. This fund operates under the REIT concept where the vast majority of Fund’s cash earnings are paid and only 20% can be reinvested. On May 12, I bought some humble 100 shares with Baltic Horizon Fund from my local SEB bank broker in Latvia. Baltic Horizon Fund stock price chart as of May 12, 2021. source NASDAQ Baltic…


Minimum Wages in Baltic States 2020

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It has been a great decade for all three Baltic states, and increasing minimum wages is just one good example of showing that. From humble EUR 238 in 2010 to still modest EUR 607 (Lithuania). That's quite an impressive growth in "just" 10 years.  For me observing minimum wages in the Baltic states has always been interesting, here you can find some of my previous articles on this topic: Minimum wages in Baltic states 2013 Minimum Wages in the Baltic States 2015 Minimum Wage Set to Rise in…


Minimum Wage Set to Rise in Baltic States in 2018

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During the past few years, there have been some positive improvements for raising the minimum wage in all three Baltic states (Estonia, Latvia, and Lithuania). In 2018 minimum wage is set to rise in all Baltic states again. Estonia will a have a minimum wage of EUR 500; Latvia - EUR 430 and Lithuania - EUR 400. That' s a pretty decent leap if compared with 2016, when minimum wages were set at EUR 430 in Estonia, EUR 370 in Latvia and just EUR 350 in Lithuania. See: Minimum Wage Set to Rising…


14 Tallinn Trip Ideas for your next travel to Estonian Capital

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Are you planing your first trip to Tallinn, trying to figure out what to see, where to go and where to stay overnight? In this guide I have added few cool Tallinn's attractions, shopping venue and really cool restaurants. I spent two days in Tallinn, during Summer of 2015 to celebrate my 30th birthday. In those two days I reviewed 14 places where we headed to, stayed in or had a lovely meal. Hope this guide might help you plan your next trip to Tallinn. Map of Tallinn Alternatively you can…


Shopping in Tallinn: Ülemiste Mall

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Ulemiste shopping mall is the biggest in Estonia, it features more than 210 stores and has a parking lot capable of handling 1300 cars.  I don't remember actually why we chose exactly Ulemiste as our shopping destination in Tallinn, most probably somebody recommended it because of Ulemiste being the largest one. We get here by using public bus leaving somewhere from the city center (Don't remember anymore bus number, but ticket price was about one euro) Ulemiste shopping mall in Tallinn,…


China Inn Restaurant in Tallinn

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Are you looking for a Chinese restaurant in Estonian capital city of Tallinn? China Inn restaurant located in Tallinn's Old Town might be the right answer. First discovered this venue back in Summer of 2015, during a two day trip to Tallinn. Chinese food is among my favorite food of the World  - here at China Inn in Tallinn you can get the same you would get in any other regular Chinese restaurant across the Globe. That's one of the reason I love Chinese restaurants - they have developed…


Postcards from Tallinn

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Tallinn is a small and cool, naval town in Baltic's. I spent here my 30th birthday back in 2015 and here is how I (we) saw it.  One of the famous Tallinn towers Tallinn's Old Town Air balloon flying over Tallinn Towers of Tallinn It's just fascinating to see how well old and new architecture blends in here in Tallinn The times we had I asked some American tourist to make a capture of us here in Tallinn right next to this lovely wall with inscription - The Times we had. B&W…