Estonia has already allocated UAH 16 million for the restoration of a bridge damaged by a Russian air strike in Malyn, Zhytomyr region, Vitaliy Bunechko, the head of the Zhytomyr Regional Military Administration, has posted on Telegram. “Currently, the Estonian Centre for International Development (ESTDEV) paid for works worth almost UAH 16 million. This is…
Minister of Defense Hanno Pevkur (Reform) and head of the Estonian Defense Forces (EDF) capacities development department Kaarel Maesalu said that the decision to give Estonia’s truck-towed howitzers to Ukraine did not harm the country defensive capacity. “Naturally, we made these decisions in cooperation with the Estonian Defense Forces and its commander. It follows our…
Estonia will purchase Poland-made Piorun (Thunderbolt) air defence systems, which have been battle-tested in the Ukraine war. Man-portable Piorun surface-to-air missiles are designed to target low-flying aircraft, helicopters and unmanned aerial vehicles. Under the deal, signed by Mariusz Blaszczak, the Polish defence minister, and his Estonian counterpart Hanno Pevkur on September 7, Poland will supply…
Last month, the producer price index rose by 33.3% YoY, data from Statistics Estonia showed. The increase was driven by energy, manufacturing and food prices. While the index, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, rose by 33.3% YoY, it increased by…
When the new coalition reached an agreement on the electricity market reform, it did not decide how long the measure offering universal electricity service would remain in place, incoming Minister of Economic Affairs Riina Sikkut (SDE) saidon July 18. Sikkut believes the impacts of the measure should be assessed after the fact, and the reform…
Leading commercial banks Swedbank and SEB have not allowed bank transfers to or from Russia for some time, while LHV has been accepting some incoming payments but is planning additional restrictions. No EU sanctions package includes a ban on bank transfers. The initiative is that of the banks whose reasons for doing so are similar.…
Over the past two months, the price of the raw material used to produce rapeseed oil has decreased by nearly EUR 200 per ton, or up to one third. Rapeseed oil prices on store shelves, however, won’t be following suit. According to Talis Raak, head of purchasing at Rimi, the retail price of cooking oil…