According to information released by Statistics Estonia, the exports of goods increased by 8% and imports by 9% YoY in 2017, with exports totaling EUR 12.8 billion and imports to Estonia EUR 14.7 billion at current prices. The trade deficit in 2017 was EUR 1.9 billion, up by EUR 315 million. The increase in the…
According to information released by Statistics Estonia on January 30, the turnover of retail trade businesses in December 2017 increased by 1% YoY at constant prices, totaling EUR 654.5 million. The turnover of stores selling manufactured goods increased by 7% compared to December 2016. Turnover increased in most economic activities, except for in non-specialized stores…
According to preliminary data of Statistics Estonia, the production of milk amounted to 791,800 tons in 2017, up by 1% YoY. The number of dairy cows increased slightly by the end of the year, and the average annual milk production per cow increased as well. On December 31, 2017 the number of bovines in Estonia…
Estonia hasn’t fallen behind in its preparations for the Rail Baltica project’s next phase, CEO of Rail Baltic Estonia, Riia Sillave, declared. This year the marking-out of the railway’s route as well as first negotiations with land owners are on the agenda. Rail Baltica’s next phase started on January 23 with the chief executives of…
Port of Tallinn is announcing an auction for the equipment and structures of the coal terminal located in Muuga Harbor. The equipment and structures of the coal terminal located on registered real estate No. 10033802 and No. 13352702 that belong to AS Tallinna Sadam constitute the object of the auction. The list of the objects…
The Bank of Estonia has come up with a plan to reduce the use of 1-cent and 2-cent coins before eventually removing them from circulation. The central bank floated a proposal at the tax environment forum to discuss how to start rounding off cent values at vendors up and down to the nearest 5 cent-rounded…
The Road Administration will install electronic traffic signs with changing information permanently in the second half of this year, as the one-month testing period of the signs has been successful. The initial tests of electronic traffic signs were successful, Siim Vaikmaa, head of the Road Administration’s traffic management center, declared. Vaikmaa added that the development…