06.01.2022

Reduced rent in city centre commercial premises continues until the end of April

In order to mitigate the effects of the crisis, the City Government decided to continue an 80% rent reduction for caterers, retail and service businesses and nightclub owners operating on the city's commercial property until the end of April

"Businesses in the city centre, especially those with a strong focus on tourists in the Old Town, have had to reorient themselves the most during the COVID crisis and have lost customers fast," said Joosep Vimm, Deputy Mayor of Tallinn. The number of foreign visitors to Tallinn decreased from 4.5 million in 2019 to almost eight times fewer in 2021.

"The temporary rent concessions are a great support for businesses, especially in the winter months when turnover is lower. While this support won't last forever, we are also working on marketing campaigns and finding other ways to ensure visitors find their way to the Old Town and have a wealth of exciting activities to do here," stated Vimm.

Additionally, city facilities in the city centre will continue to be 100% exempt from rent for tenants conducting business there. This includes outdoor terraces, coin machines, almond and nut trolleys, sightseeing binoculars and handicraft stalls on Müürivahe Street. The incentives will apply retroactively from 1 January this year until 30 April.

The city's support measures for tenants have been approved as state aid by the European Commission. Concessions on the rent of city premises have been applied since the beginning of April 2020.

Aid measures in detail: Tallinn City Government Regulation No. 3 of 05.01.2022 est, eng

Additional information: respective city office that signed the contract