Portuguese Airline to Connect Tallinn with Lisbon, Africa and South America

Portuguese airline TAP will begin operating a route from Tallinn to Lisbon in summer, opening connections to many African and South American destinations.

Tallinn Airport board member Erik Sakkov confirmed the new connection in a press release on Sunday, adding that the exact timetable would soon be unveiled.

Sakkov said that the five-hour flight, which will be the longest direct flight from Tallinn, will open many opportunities to Estonian holiday and business travelers, including a more convenient way to reach the upcoming football World Cup in Brazil.

TAP flies to 76 destinations in 34 countries and has a 71-strong fleet. It is expected to use Airbus A319, A320 and A321 aircraft for the Tallinn flight.

Source: ERR News

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Statistics: Housing expenses have increased 8% within a year

According to Statistics Estonia the consumer price index of October is 1,5% higher than that one year ago. At the same time housing expenses have increased as much as 8% in one year.

By today, in comparison with the year 1997, the consumer expenses have almost doubled and the housing expenses have increased 3,2 times. This means that the increase in housing expenses exceeds the overall increase in consumer prices during that time 66%.

According to Statistics Estonia, as of September the construction price index which influences the real estate market mainly from the supply side, is 4,9% higher than that one year ago.

The increase in construction price index is mainly due to labour expenses becoming more expensive. Unfortunately this does not mean increase in salaries in that sector but the positive process of black-market labour legalization.

Consumer price index, construction price index, producer price index of industrial output YoY

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