estonia-bogs-forest

Estonia Cuts Carbon Emissions by Planting Bogs

In Estonia, dried-out peat bogs emit a great deal of carbon. The government desires to reverse that.

 

TUDU, ESTONIA – What looks like a typical Northern European forest of scrubby Scotch pine, blueberry bushes, and ferns, about 15 miles inland from the Baltic Sea, turns out on closer inspection to be a peat bog—one that’s been drained and mined. A 10-foot-deep drainage ditch, now covered in foliage, still fills every time it rains. Furrows reveal where heavy equipment cut the peat into rectangular blocks, about the size of toaster ovens, which were dried and later burned in homes throughout the former Soviet Union.

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tallinn-wikipedia

Why Tallinn? Interview with Calum Cameron, CEO at meduza.ai

The capital of Estonia, Tallinn, is becoming a popular location for global founders.

Calum has been living in Estonia for 10 years after three tours of duty in London from the early 90s and a couple of years in Luxembourg in between. With a background in delivering and supporting web platforms and applications for the financial and energy industries in Australia and the UK, he got the entrepreneurial bug scaling operations for a couple of startups and went on to manage Europe’s leading B2B accelerator, the Startup Wise Guys. Calum is now building his own cybersecurity company. (more…)

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small-home

Small Flats Attract Both Home Buyers, as well as Rental Property Investors

According to the data of the Statistical Office, a total of 2264 residential properties were built in Tallinn in 2016. Only 6% i.e. 133 of these properties built were one-room flats. 850 of the properties i.e. 38% were two-room flats, while 35% or 790 properties were three-room flats. 22% i.e. 491 of the residential properties built in 2016 were flats with four rooms and above

This shows that the residential property development process in Tallinn is clearly skewed towards two- and three-room flats. Such predominance of flats with smaller number of room is caused by better liquidity of flats of such size, i.e. the estimated shorter selling period. A shorter selling period allows developers to exit from the project within an optimum period of time and keep their risks at a controllable level.

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Housing Loan Market Growth Is Supported By Property Values And New Borrowers

The number of transactions at the Tallinn apartment market is high and on an upward trend; also, the transaction prices are rising. The vast number of transactions and other positive trends of property market are to a large extent backed by the loan market. The turnover of housing loans is thriving upon low interest rate and this gives more and more people an opportunity to buy a home with a housing loan.

The number of apartment transactions is showing a strong increase

The number of apartment transactions in Tallinn is robustly growing. In Q1 2017, 2,449 apartment ownership deals were signed in Tallinn. This corresponds to an annual growth of 19%. The number of transactions has gone up in terms of home buyers as well as rental investors. Demand has been supported by rising wages, high employment rate, but also favourable loan conditions and low interest rate.
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The Land Of Organic Forests

Lonely Planet, the largest travel guidebook publisher in the world, has ranked Estonia as the number one best value destination for 2016. The guide recommends going into the forest as a worthwhile experience. Estonia has a lot of forests. 40% of them are certified organic!

Whereas the tiny country of Bhutan, nestling in the Himalayas, aims to become the happiest country in the world, equally tiny Estonia, on the shores of the Baltic Sea, is going for the title of most organic country. Indeed, there is potential – plenty of fresh air, forests, land and sea. We have tranquillity and space, untouched nature and a variety of clean, raw materials close at hand.

On the other hand, we are a smart IT-country with our e-state, e-Residency and startup culture. These two sides – natural and innovative – could prove to be a match made in heaven. (more…)

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self-driving-bus-tallinn

The future is here: Self-driving minibuses in the streets of Tallinn by 2017

Estonia will be holding the presidency of the EU for its first time during the second half of 2017. As such, it’s expected that the number of foreign officials visiting Estonia will increase exponentially. This is a unique opportunity to present the tech-savvy nature of Estonians.

With approximately 20 high-level events due to take place, as well as up to 12 unofficial meetings of various ministers from all over Europe, it is important to show the world what Estonia has to offer, what the country can do and how Europe could benefit from our actions.

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linnahall-tallinn

€100m makeover for Linnahall to be completed in 2019

Reconstruction of the long-abandoned Linnahall entertainment arena in Tallinn’s port area is expected to be completed in 2019 at a total cost exceeding 100 million euros.

“During the past six months, we worked toward making sure how to proceed,” said Deputy Mayor Taavi Aas, standing in for the mayor, at a press conference on Tuesday. “I am beginning to hope that the grand house with a grand history will come to life again. We have reached an agreement with the government that we will do it together.”

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