New club in central Tallinn to open doors tonight

Tallinn's newest nightclub VABANK will officially open doors today, February 12. The club is located in the historic bank building in the heart of Tallinn on the corner of Vabaduse square and Harju street at Harju street 13.

Estonia December current account surplus at 1.16 billion

Estonia’s current-account surplus was 1.16 billion kroons in December, after 287 million kroons in November, the country’s central bank said today.

Latvia had current-account surplus in December

Latvia had a current-account surplus in December, mainly thanks to a drastic fall in imports caused by the collapse in consumer spending.

Nord Stream clears final hurdle in oil pipeline project

Gazprom, the world’s largest natural-gas producer, won its last permit to build a $10-billion pipeline to Germany after a Finnish regional agency today approved Nord Stream AG’s construction of the pipeline under the Baltic Sea, writes Bloomberg.

Kender: Estonia needs Swiss democracy

Estonian novellist Kaur Kender says that if Estonians truly want to integrate Russians living in Estonia, it should introduce similar direct democracy like in Switzerland and stop talking about ethnic pain.

Parts: Likeliness of joining euro is 70 pct

Juhan Parts, the Minister of Economic Affairs and Communications said that Estonia has 70% probability of fulfilling the Maastricht criteria

Borg: Latvian political signs are worrying

sh Finance Minister Anders Borg said political signals from Latvia are “worrying” and it is “very important” for the Baltic government to fulfill agreements it signed for an international aid package, Bloomberg reports.

Estonia’s Institute of Economic Research forecasts growth for 2010

Specialists say that Estonia’s economy will stabilize in second half-year, but there’s no reason for overly optimism, according to a research by Estonia’s Institute of Economic Research (EKI).

Capital Economics: Latvia probably will devalue currency

Latvia will probably devalue its currency in the next year since the government may not be able to continue cutting spending in line with its international program, Capital Economics Ltd. said in research note, Bloomberg reports.

Bauhaus got cornerstone

Today Estonia’s biggest construction material store Bauhaus, which will be located to Lasnamäe, Tähesaju tee 10, got cornerstone, Raepress writes.