Latest news with #Tallinn
Yahoo
4 hours ago
- Business
- Yahoo
Arco Vara AS Initiates Exit Process from the Bulgarian Market to Refocus on Estonian Development Projects
After nearly twenty years of successful business activity in the Bulgarian real estate market, the Management Board of Arco Vara AS has initiated a strategic exit process, with the ultimate goal of a complete withdrawal from the Bulgarian market. The decision was confirmed by the company's Supervisory Board in July 2025, following a thorough evaluation of Arco Vara's long-term strategy and the current and future development opportunities across different markets. The management has already launched the sale process, and several local Bulgarian real estate developers have expressed interest in participating in the transaction. Potential buyers will have the opportunity to conduct thorough due diligence and submit their offers to acquire Arco Vara's Bulgarian operations. According to Kristina Mustonen, Member of the Management Board of Arco Vara, this is a well-considered and forward-looking decision. 'Exiting Bulgaria allows us to focus even more clearly on our core market – Estonia. Our major project in the Luther Quarter, one of the most attractive development areas in Tallinn, requires strong leadership, focused attention, and financing capacity. By freeing up resources from Bulgaria, we will be better positioned to realise the growth potential of our Estonian projects and strengthen our position in the domestic market,' commented Mustonen. 'This decision was not made lightly – we have achieved significant results in Bulgaria, built a strong team, and delivered high-quality developments we can be proud of. However, from the perspective of Arco Vara's long-term growth and shareholder value, it is strategically justified to concentrate our focus on Estonia, where the potential of our projects is greater today than ever before,' explained Kert Keskpaik, Chairman of the Supervisory Board of Arco Vara AS. The company will keep shareholders and the public informed about the progress of the exit process and will provide further updates as transactions or other material developments reach the next stage. Darja BolshakovaCFOArco Vara in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
2 days ago
- Business
- Associated Press
Bitcoin Solaris Presale Projects 4x Gains with Guaranteed $20 Launch Price
TALLINN, Estonia, July 20, 2025 (GLOBE NEWSWIRE) -- Bitcoin Solaris (BTC-S) is stealing the spotlight in the crypto world as more analysts point toward its potential to turn a modest $1,000 into $4,000 at launch. While the market continues throwing out new tokens every week, few bring the combination of strong fundamentals, breakthrough technology, and sheer investor momentum like BTC-S. This is not your typical presale project hoping for a lucky break. It is built to deliver. Why Bitcoin Solaris Is the Standout in 2025 Bitcoin Solaris does not rely on empty promises. Its strength comes from its hybrid Proof-of-Work and Delegated Proof-of-Stake consensus, delivering lightning-fast speeds while maintaining security at scale. This dual-consensus architecture brings scalability and decentralization together in a way few projects achieve. Through the exciting release of the upcoming Solaris Nova App, Bitcoin Solaris takes mining mainstream. Mobile, desktop, and browser mining means users can participate without expensive rigs or technical headaches. Influencers Are Highlighting BTC-S Potential Influencers and crypto reviewers are spotlighting Bitcoin Solaris as one of the smartest plays this cycle. This Time It's Not Just a Boom It's the Rise of Bitcoin Solaris Presale Momentum Shows No Signs of Slowing Bitcoin Solaris is moving fast through Phase 12 of its presale. With just around 2 weeks left before launch on July 31, 2025, investor interest keeps rising. Over 14,200 unique investors have already joined. More than $6.6M has been raised, making this one of the most explosive presales of the year. Wallets like Trust Wallet and Metamask are recommended for receiving tokens on launch day. BTC-S makes it clear these wallets are for delivery, not presale purchasing. Secure your allocation through Bitcoin Solaris. Mining for Everyone Made Simple Bitcoin Solaris is rewriting the rules on mining with the upcoming Solaris Nova App. Forget expensive equipment and complex setups. Users can calculate their mining potential using the BTC-S calculator. Sustainable Tokenomics for Long-Term Value Bitcoin Solaris ensures a balanced distribution model focused on growth and sustainability. More details are available at the BTC-S Tokenomics. This structure guarantees BTC-S stays decentralized and in the hands of participants who build its future. Final Thoughts: BTC-S Is Built to Deliver Bitcoin Solaris is not just another crypto presale. It is an ecosystem built for scale, accessibility, and long-term adoption. With its dual-consensus model, mobile-first mining, and tokenomics designed for sustainability, BTC-S is positioned to turn small investments into substantial returns. The $20 launch price is around the corner, and this presale window will not last much longer. For more information on Bitcoin Solaris: Media Contact: Xander Levine [email protected] Press Kit: Available upon request Disclaimer:This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information do not guarantee any claims, statements, or promises made in this content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press the event of any legal claims or charges against this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. 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Forbes
5 days ago
- Forbes
Baltic Cruises Have Changed But They Still Deliver Big On Culture
Tallinn's medieval old town feels like it belongs in a storybook. getty Not so long ago, Saint Petersburg was the undisputed crown jewel of Baltic cruises. With its imperial architecture, opulent palaces, and rich cultural heritage, the Russian city was the centerpiece of many itineraries. It often warranted an overnight stay to give passengers time to watch an evening ballet performance in a historic theatre on top of the cultural experiences and canal cruises by day. But following Russia's 2022 invasion of Ukraine, Saint Petersburg vanished from cruise schedules. The geopolitical fallout reshaped the Baltic cruise map almost overnight. In its place, cruise lines have been doubling down on Scandinavia's coastal capitals and adding calls to lesser-known destinations like Klaipeda in Lithuania or the Danish island of Bornholm. While Saint Petersburg's absence leaves a noticeable gap, the Baltic Sea remains one of Europe's most culturally diverse regions to explore by cruise ship. Cultural Highlights Of Baltic Cruises From medieval Old Towns and Viking heritage sites to sauna culture and summer archipelagos, these ports offer something truly different, even for seasoned cruisers. In Stockholm, the journey often begins with a showstopper: the Vasa Museum. Home to a nearly intact 17th-century warship salvaged from the seabed after more than 300 years, it's a staggering display of maritime ambition and failure housed in a museum purpose-built to do it justice. Helsinki offers a different kind of contrast. Its streets reveal a mix of curving Art Nouveau architecture and sleek Nordic minimalism, with design shops, saunas, and island fortresses adding to the city's offbeat allure. Just offshore, the sea still feels part of daily life, with ferries and kayaks connecting the urban with the wild. A clash of architectural styles and modern Nordic design awaits visitors to Helsinki, Finland. getty Then comes Tallinn, a city that feels like it belongs in a storybook. The medieval Old Town is immaculately preserved, with its red-tiled roofs, watchtowers, and narrow lanes evoking another age entirely. Its compact, walkable nature makes it ideal for cruise visitors. Riga, often overlooked, is a revelation. Its Art Nouveau quarter is among the finest in the world, with swirling facades and hidden courtyards. The old city blends Hanseatic history with a creative energy that feels distinctly modern. Further south, Gdańsk wears its turbulent history on its sleeve. Once a major Hanseatic port, then a flashpoint of World War II, the city has rebuilt itself with color and confidence. In smaller ports, visitors encounter a slower pace and a strong sense of place, often with fewer crowds. Lithuania's Klaipeda was an unexpected highlight for travel writer Deborah Stone. Writing in The Times , she said it was an e-biking trip in Lithuania that took her breath away: 'Our group of 15 set out to cycle to the Curonian Spit, pedalling along pine-lined paths that gave way to dunes.' She also picked out the Danish island of Bornholm as another unexpected highlight: 'We sipped wine at one of the country's largest vineyards and ate smoked herring on rye in the fishing village of Snogebaek.' Which Lines Run Baltic Cruises? The Baltic region has become a popular destination for Americans and Brits eager to tick off multiple European capitals in one trip, as well as Germans and Scandinavians taking advantage of easy regional embarkation points. A broad spectrum of cruise lines serves the Baltic Sea, offering everything from value-focused voyages to ultra-luxury expeditions. Viking Ocean Cruises is one of the most prolific operators in the region, with more than 200 departures each year. Their smaller, adult-only ships are designed to maximise time in port and deliver a deeper cultural experience. Overnight stays in cities like Stockholm and Copenhagen often feature on itineraries. Holland America Line also sails extensively in the Baltic, offering classic mid-size ships and elegant itineraries with plenty of historical context. MSC Cruises is a major presence too, particularly appealing to families and budget-conscious travellers. They offer frequent sailings from Germany and Scandinavia on their larger resort-style ships. Norwegian Cruise Line and Princess Cruises also run regular summer programs, with Norwegian favouring a flexible, entertainment-rich approach and Princess offering longer itineraries with well-paced port calls. Luxury lines like Silversea, Seabourn, and Regent Seven Seas cater to guests looking for more refined experiences, often adding lesser-visited ports such as Visby, Klaipeda, or the Danish island of Bornholm. Departure Ports For Baltic Cruises Most Baltic Sea cruises depart from major Northern European ports. Copenhagen is the standout hub, with strong air connections and easy city access. Stockholm is another frequent starting point, prized for its scenic sailaway through the Swedish archipelago. Many German cruises depart from Warnemünde or Kiel, while others begin in Amsterdam or Rotterdam. Longer voyages may also start in Southampton, appealing to British travelers seeking a no-fly option with the likes of Fred Olsen Cruise Lines or Ambassador Cruise Line. How To Pack For Baltic Cruises Packing for a Baltic cruise requires a bit of balance. The weather in this region can be highly variable, even in summer. While you might encounter cool sea breezes and the occasional rainy day, especially in coastal cities like Helsinki or Tallinn, you should also be prepared for surprisingly warm, sunny summer days. Lightweight layers are key, including a waterproof jacket and a mix of long and short sleeves. Comfortable walking shoes are a must for exploring cobbled old towns, and don't forget sunglasses and sunscreen. Daylight hours can be long, especially in the northern ports. The variation in temperatures surprised travel blogger Charli Moore when she visited the region. She recommends a capsule wardrobe with versatile trousers, thermals, waterproof and warm coats, and multiple shoes to handle cobbles and cold. While Saint Petersburg's absence has reshaped the region, Baltic cruises continue to thrive as one of Europe's most fascinating cultural cruise itineraries. MORE FROM FORBES Forbes 5 Life Lessons From Finland, Once Again The 'World's Happiest Country' In New Report By David Nikel Forbes How To Pack Smartly For Your Next Cruise Vacation By David Nikel Forbes Avoid These 10 Rookie Mistakes On Your First Cruise By David Nikel
Russia Today
14-07-2025
- Politics
- Russia Today
Baltic state renames historic Russian Theater
Estonia's historic Russian Theater has been renamed by government order, local broadcaster ERR reported on Monday. The move comes as part of a wider crackdown on Russian language and culture in the Baltic state. Following an order signed by culture minister Heidi Purga, the Russian Theater in Tallinn will now operate under the name 'Sudalinna Theater' – meaning 'heart of the city' in Estonian. The July 10 decree also approved a new charter for the institution. The venue will reportedly continue to function as a non-commercial body, staging most of its productions in Russian. Located in the city center of Tallinn, the theater was founded in 1948 as the State Russian Drama Theater of Estonia. It adopted the shorter name Russian Theater in 2005 and remains the only Russian-language repertory theater among Estonia's 61 registered playhouses. Plans for the name change were announced in June. At the time, the theater's director, Anne-Li Paiv, described the new title as 'neutral,' adding the decision had been 'internal and strategic.' However, she acknowledged that external pressures linked to the Ukraine conflict had played a role. The chair of the theater's supervisory board, Margus Allikmaa, who also heads Estonia's Cultural Endowment Fund, said the venue will continue performing in Russian but incorporate more works by Estonian playwrights in the interest of 'integration.' Russian speakers make up nearly a quarter of Estonia's population. Along with its Baltic neighbors Latvia and Lithuania, Estonia has adopted a more confrontational stance toward Moscow since the Ukraine conflict escalated in 2022. As part of a broader campaign against all things Russian, Tallinn has tightened language laws, moved to eliminate Russian-language instruction in schools, and imposed restrictions widely seen as targeting the country's Russian-speaking minority. The Estonian government has also announced plans to build hundreds of concrete bunkers along its 294-kilometer border with Russia. The Kremlin has repeatedly dismissed concerns raised by Estonian officials, calling their position 'Russophobic.'
Forbes
10-07-2025
- Automotive
- Forbes
FERNRIDE Launches Driverless Operations At HHLA TK Estonia Seaport
FERNRIDE, the European pioneer in yard truck automation, announced today that it has begun the ... More transition to driverless operation of terminal tractors at the sprawling HHLA TK Estonia logistics terminal. FERNRIDE, the European pioneer in yard truck automation, announced today that it has begun the transition to driverless operation of terminal tractors. This is occurring at the sprawling HHLA TK Estonia logistics terminal, which is situated on the Baltic Sea near Tallinn. Together, the two companies aim to set new standards for safety and efficiency in port logistics by leveraging driverless technology. In contrast to driverless freight runs on highways and streets, yard trucks operate on pavement within industrial facilities, moving trailers and/or containers. FERNRIDE offers a human-assisted autonomy approach to this use case, which allows for remote takeovers of trucks when necessary. This ensures seamless integration and reliable operations for logistics operators. With over a decade of research and high-profile customers, including Volkswagen, HHLA, and DB Schenker, FERNRIDE applies technology to address significant industry challenges, such as driver shortages and the negative environmental impact of logistics operations. The company was founded by Hendrik Kramer, Maximilian Fisser, and Jean-Michael Georg and currently has over 150 employees. Founded in 2020, FERNRIDE has raised more than 60M USD in venture funding. In the Estonian seaport of Muuga, near the capital Tallinn, HHLA operates the multipurpose terminal HHLA TK (Transiidikeskuse) Estonia. The company handles general, bulk and ro-ro cargo and is connected to the international rail network. Certification: The Key To Opening Market Opportunity in Europe Fernride's transition to driverless operations follows the successful certification of FERNRIDE's safety concept and system design by TÜV SÜD, as well as approval by the Estonian Transport Administration (ETA). In fact, FERNRIDE notes that it is the first company to receive TÜV SÜD certification for an autonomous terminal tractor in accordance with the EU Machinery Directive (2006/42/EC). TÜV SÜD has been front and center in providing external safety assessments for Automated Driving System developers. On-road truck automation players Aurora and Gatik, among others, have used their services as a key step in moving to driverless operations. But the nature of a TÜV SÜD assessment can vary widely, depending on what the client asks for. In discussions with FERNRIDE for this story, I sought to know more about the level of thoroughness the evaluation entailed. FERNRIDE asked TÜV SÜD for a holistic approach. The types of assessments conducted by TÜV SÜD covered the entire system, not just individual modules. The analysis encompassed the vehicle, sensors, computing hardware, software, and cybersecurity with respect to ISO 3691-4 (driverless trucks), ISO 12100 (risk assessment and safety), ISO 13849 (functional safety), and IEC TS 63074 (security for functional safety). In addition, the certification included FERNRIDE's safety concept and system design, and full testing of the autonomous terminal tractor. TÜV SÜD confirmed that the whole system meets the European Machinery Directive (2006/42/EC), which defines uniform health and safety requirements for machinery and equivalent products for free trade within the European Economic Area. According to Benedikt Pulver, Head of the Machine Safety Department at TÜV SÜD, this is the first TÜV SÜD certification for a driverless truck for horizontal container transport worldwide. This sets a new benchmark for autonomous terminal tractors. To get to this point was not a trivial process. To achieve this level of safety certification, FERNRIDE ran extensive tests. The engineers performed over 2.8 million automated software tests every week and up to 80 physical test scenarios per day on real vehicles. They also conducted 1,200 full-system design validation tests to check the entire system as well as more than 4,800 software test cases to cover edge conditions like object behavior, sensor issues, traffic rules, and stress tests for safety and security. These activities occurred over two years of daily operations at customer sites, verifying that the system worked safely in a real terminal environment. But more approvals were necessary. HHLA TK Estonia requested approval from ETA to run driverless operations. The ETA reviewed the safety functions built into the FERNRIDE system and the full test reports, which TÜV SÜD had already assessed. The ETA concluded that FERNRIDE's product meets the required safety level for driverless operation in the HHLA TK Estonia port. What does all this mean? FERNRIDE can now market its product in the European single market and internationally. Customers can buy their vehicles and services as CE-marked container handling equipment, meeting all required safety and procurement standards. Hendrik Kramer, FERNRIDE CEO, said 'This is a defining moment not only for FERNRIDE but for the entire autonomous logistics industry in Europe. From day one, we've made safety the foundation of everything we build. Meeting Europe's most stringent regulatory standards took a remarkable effort, and I'm incredibly proud of our team's dedication and precision throughout this journey. This certification proves that our technology meets the highest safety benchmarks, not just in theory, but in practice, and brings us one step closer to making autonomous logistics a commercial reality across the EU.' Riia Sillave, CEO of HHLA TK Estonia, added that 'Entering the phase of driverless terminal transport marks a significant milestone – not just for our collaboration with FERNRIDE, but for the future of terminal operations. As one of the first terminals to take this step, we are shaping the path toward a more intelligent and efficient logistics. We trust that innovation succeeds by including the know-how of our employees – our team's engagement is the foundation for the integration of this technology into everyday operations.' Noting that FERNRIDE is the first to receive TÜV SÜD certification for a specific port application involving autonomous trucks, Benedikt Pulver, head of the machine safety department at TÜV SÜD, emphasized that 'This milestone could establish a new benchmark for safety and compliance in autonomous trucking for terminal applications.' FERNRIDE and HHLA have had an ongoing partnership since early 2023, working closely to ensure a seamless transition into live operations, executing productive moves on the terminal. The strategy focuses on implementing a gradual approach to integrate FERNRIDE-enabled autonomous terminal tractors at HHLA TK Estonia without safety drivers. Three FERNRIDE tractors are currently in operation at the terminal. FERNRIDE has implemented structured roll-out scenarios and standard procedures to train on-site personnel through the transition to fully driverless operations. Bottom Line FERNRIDE characterizes this achievement as 'a significant milestone for autonomous logistics in Europe.' They are not alone in this space. Competitors Forterra, ISEE, and Outrider are highly active in the U.S. and in some cases are working with European yard truck manufacturers. The market for yard trucks is substantial. Success for any one of the players, as well as the end-users, constitutes a rising tide for industrial autonomy. Disclosure: Richard Bishop is an Advisor to and/or an equity holder in the following companies mentioned in this article: Aurora, Forterra, Gatik, Outrider.
