Nato is to agree an overhaul of its battle plans to offer better protection to the alliance’s eastern flank, tearing up a model that could have meant relinquishing and then Continue Reading
The Estonian oil shale processing company VKG announced the dismissal of 500 employees on Friday, saying that the measure was the result of the low oil prices. The business daily Continue Reading
In Estonia, critics said a small gas-distribution terminal wouldn’t serve the Baltic country’s interests. “It is in the interests of Estonia to build a regional LNG terminal, not set up Continue Reading
Estonia on Friday became the 29th member of the International Energy Agency, IEA Executive Director Maria van der Hoeven announced. "The country has made remarkable progress in transforming its energy sector, and there is every reason to expect that this successful process will continue and be reinforced through IEA membership," she said in a statement . To become a full member, Estonia was required to set aside enough oil stocks to satisfy the equivalent of 90 days worth of imports from 2013. Estonian Minister of Economic Affairs Urve Palo said accession is a milestone for the Baltic nation. Estonia, Van der Hoeven said, is welcomed to the IEA as a member country that prioritizes energy security and economic sustainability. The International Monetary Fund said in its latest assessment the Estonian economy was doing well, but there may be issues with high levels of unemployment in […]
