Estonians can now "beat the recession" with low-cost flight.

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Irish low-cost airline Ryanair Thursday announced its first Estonian flights from the capital Tallinn. The city will serve as a hub to seven routes; Dublin, Dusseldorf, Edinburgh, London, Milan, Oslo and Stockholm.

"Estonian visitors can now beat the recession and escape the high fares charged by Estonian Air and Air Baltic by choosing Ryanair’s lowest fares and our no fuel surcharge guarantee”, Ryanair’s Stephen McNamara said.

From December, Ryanair plans to carry 300,000 passengers a year through Tallinn, creating and sustaining 300 local jobs.

Scandinavian airline SAS recently signed a deal to sell its 49 percent stake in Estonian Air in a move to focus its business on the Nordic home market.

The central bank of incoming eurozone member Estonia more than doubled its growth forecast for the recovering Baltic state Wednesday, tipping output to expand by 2.5 percent this year compared with 2009.

"The Estonian economy has exited recession and started growing, mainly on the back of exports," the bank said in a statement, as it raised its previous forecast of 1.0-percent growth.