Aktsiaselts Eesti Raudtee Estonia Tenders

Aktsiaselts Eesti Raudtee Estonia tenders and business opportunities. Access latest Aktsiaselts Eesti Raudtee bids, market research and procurement analysis. Global tenders publishes domestic and international tenders, projects and contract awards for Aktsiaselts Eesti Raudtee and more than 1200 tendering authorities from Estonia.

The economy of Estonia is an advanced economy and the country is a member of the European Union and of the eurozone. On 1 January 2011, Estonia adopted the euro and became the 17th eurozone member state. The privatisation of state-owned firms is virtually complete, with only the port and the main power plants remaining in government hands. In the second quarter of 2013, the average monthly gross wage in Estonia was Euros976. This figure has grown consistently to Euros1,310 as of 2018 and to Euros1,586 as of June 2021. Estonia is nearly energy-independent, supplying over 90% of its electricity needs with locally mined oil shale. Alternative energy sources such as wood, peat, and biomass make up approximately 9% of primary energy production. Estonia imports needed petroleum products from western Europe and Russia. Oil shale energy, telecommunications, textiles, chemical products, banking, services, food and fishing, timber, shipbuilding, electronics, and transportation are key sectors of the economy. The ice-free port of Muuga, near Tallinn, is a modern facility featuring good transshipment capability, a high-capacity grain elevator, chill/frozen storage, and brand-new oil tanker off-loading capabilities. The railroad serves as a conduit between the West, Russia, and other points to the East. Estonia today is mainly influenced by developments in Finland, Russia, Sweden and Germany - the four main trade partners. The government has significantly increased its spending on innovation since 2016, with Euros304 million aimed to stimulate research and development in 2017.

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