Estonia: tax revenue up in Q1 2021

Tax revenue grew by nearly 20% YoY in the first quarter of 2021, the Finance Ministry reports, and totaled EUR 1.77 billion, payable to the Tax and Customs Board (MTA). The tax take increased for three consecutive months, with growth gradually accelerating largely due to the low baseline in spring 2020 as the coronavirus pandemic…

Estonia: foreign trade up in March 2021

Imports rose by 20% YoY in March, while exports were just behind at a 19% growth, state agency Statistics Estonia reported. Increases in trade in electrical equipment, mineral products, timber and wood-based products and also transport-related items were the driving factors in the growth, the agency says. Evelin Puura, leading analyst at Statistics Estonia, said…

Estonia: ex-PM criticizes budget strategy

Riigikogu speaker and former prime minister Juri Ratas’ criticisms of the recently-unveiled state budget strategy are puzzling, given he has been involved in discussions on the topic and his party, Center, is one of the two coalition partners which reached an agreement on the strategy, Prime Minister Kaja Kallas (Reform) says. “It is strange when…

Estonia: retail trade enterprises turnover up in March 2021

In March, the turnover of retail trade enterprises was EUR 657 million, data from Statistics Estonia showed. Compared to March 2020, turnover increased by 4% at constant prices. Jaanika Tiigiste, leading analyst at Statistics Estonia, said that despite the coronavirus-related restrictions that were re-introduced in March, retail trade enterprises recorded turnover growth. “Among the stores…

Estonia: unemployment up in March 2021

Registered unemployment rose from 5.8% to 8.7% YoY as of the end of the first quarter of 2021, particularly in more rural counties, which had been hit hard by the ongoing economic effects of the pandemic even if their reported coronavirus rates were not as high as other areas. Women, too, have been hit more…