Estonia’s imports of goods increased by 35% YoY, while exports rose by around half that figure, at 18%, in February, state agency Statistics Estonia reported, with the growth in imports significantly influenced by electricity and mineral fuels. Evelin Puura, leading analyst at Statistics Estonia, said that the disparity led to the largest trade deficit ever.…
The government has approved a new sanction on possibilities of Russian and Belarusian citizens to work or engage in enterprise in Estonia and will stop issuing corresponding visas and residence permits, the Government Office reports. Minister of the Interior Kristian Jaani (Center) said the sanction aimed to remove the discrepancy wherein international and national sanctions…
The Consumer Price Index (CPI) rose by 15.2% YoY in March, state agency Statistics Estonia reported, with housing-related price changes exerting the greatest influence. Services were 18.1% more expensive than in March last year and goods – 13.7% more expensive. Between February and March the CPI rose by 2.7%, Statistics Estonia said. Viktoria Trasanov, Statistics…
Total production of industrial enterprises in Estonia rose by 1.7% YoY at constant prices on year in February, state agency Statistics Estonia reported. Output increased by 4.7% in manufacturing, the sector with the largest growth, though it decreased by 11.8% in mining and by 16.6% in energy production. Helle Bunder, Statistics Estonia analyst, said: “In…
Tallink Grupp on April 4 signed an agreement with the Social Insurance Board (SKA) to charter out the MS Isabelle from April 7 in order to provide temporary accommodation in Tallinn to war refugees from Ukraine. Refugees who have thus far been staying at hotels in Tallinn will be transferred to accommodations aboard the Isabelle.…
The European Union must speed up the process of laying down new Russia sanctions and add the country’s energy sector to the list, Estonian Minister of Foreign Affairs Eva-Maria Liimets said on April 4. Liimets met with her Romanian colleague in Bucharest. “We need to continue putting pressure on Russia to end this war. From…
As of March 25, there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the European Union and US Department of the Treasury’s Office of Foreign Assets Control (OFAC), as reported by Finance and Capital Market Commission (FKTK). “Two week ago a major increase of the frozen…