Estonia: construction volume up in Q1 2022

The total construction volume of Estonian construction enterprises both in Estonia and abroad combined rose by 14% YoY in the first quarter of 2022, state agency Statistics Estonia reported. Merike Sinisaar, leading analyst at Statistics Estonia, said: “The higher volume of construction in foreign countries was mainly due to civil engineering activities. Construction in foreign…

Estonia: banks worried about low activity and falling small business loan volume The housing loans portfolio continued to grow in recent volume in April, gaining EUR 194 million, while the preparedness o

The housing loans portfolio continued to grow in recent volume in April, gaining EUR 194 million, while the preparedness of companies to invest with the help of loans was dwindling, the Estonian Banking Association said. The Estonian Banking Association said that companies’ loan portfolio fell short of EUR 300 million for the fourth consecutive month.…

Estonia: EC recommends expanding unemployment benefits and renewing fleet

The European Commission’s recommendations for Estonia include expanding unemployment insurance benefits to cover non-standard forms of work and updating vehicles. The European Commission on May 23 published its country-specific recommendations for the next six months. The Commission urges Estonia to expedite renewable energy projects, secure cross-border energy links and render the transport sector more environmentally…

Estonia: tomato and cucumber production costs up

The production costs of domestic tomatoes and cucumbers have increased by several dozen percent. The sale price of cucumbers, however, has decreased, and initially high tomato prices have returned to last year’s level. Even if producers want to increase prices, they can’t, as consumers wouldn’t be able to afford them anymore. Parnu County’s Voiste Aiand…