Prime Minister Petteri Orpo‘s (NCP) coalition government presented a supplementary budget to parliament on Thursday, which called for borrowing another 1.5 billion euros this year to cover a decline in state revenues as the economy stutters. The proposal also includes plans to expedite the construction of an eastern border fence,Continue Reading
Opposition politicians appearing on ETV politics panel show “Esimene stuudio” Wednesday were critical of the climate ministry’s change of heart on support for wind energy in Estonia. The ministry says it will be supporting offshore wind farm development to the tune of €200 million. A ministry-published plan last October statedContinue Reading
Tensions mount in Oslo as long-simmering conflict over EU energy rules comes to the fore. Norway’s government risks crisis over a contentious package of EU energy bills. The center-left Agrarian Party has previously threatened to quit the administration in Oslo if the EU’s Clean Energy for All Europeans Package isContinue Reading
As an expression of gratitude for its cooperation in the investigation of the Danske Bank money laundering case, the US Department of Justice will share 50 million US dollars in the fines awarded from the bank with Estonia, spokespeople for the Estonian Ministry of Justice said on Friday. «US SecretaryContinue Reading
Finland tops the EU Commission’s latest fuel price table. A litre of 95-octane petrol costs 1.94 euros, putting Finland in first place ahead of Denmark and France. That’s how Europe solve energy crisis problems. In terms of diesel prices, Sweden has been the most expensive country for some time. DieselContinue Reading
Finland’s electricity pricing system led to consumers paying more than they should have during the second half of 2022, according to an Aalto University professor. The energy crisis cost Finnish households an additional five billion euros, according to a study by Yle’s investigative journalism unit MOT. Between July and DecemberContinue Reading
The consumption of hard coal in Finland increased by 10 percent during 2022 compared to the previous year, according to preliminary data published on Wednesday by Statistics Finland. The increased usage was especially apparent in the production of electricity and heat, the number-crunching agency noted, although consumption of coal asContinue Reading
It seems like the perfect storm for Europe’s energy security as winter is fast approaching and energy prices are rising. Having turned away from Russia as a gas provider, the European Commission has begun negotiating with Norway. A deal for long-term energy cooperation will be discussed during the EU energyContinue Reading
Creditors of the recently bankrupt Estonia Savings and Loan Association met for its general meeting on Monday but have little hope of seeing their savings restored to them. Estonia plans to step up supervision of savings and loan associations. A few hundred people gathered for the meeting, most of themContinue Reading
STAVANGER, Norway — With natural gas scarce and pipelines in peril, Europe has rarely neededNorway more. Or resented it as much. More than seven months into the war in Ukraine, the Scandinavian country is increasingly central to Europe’s energy security. Norway, not Russia, is now the European Union’s leading naturalContinue Reading