The economic growth of Estonia in 2017 will be slower than previously expected, Swedbank economists have announced lowering their previous economic forecast for the Baltic country by 0.2% to 2.2%. The economists have at the same time raised their forecast for gross domestic product increase in 2018 by 0.3% to 2.8%. They expect that household…
After a long period of low milk purchase prices in Estonia, milk retail prices in the Baltic country have increased twice, reaching the point where farmers received just enough to cover milk production costs. In 2016 Estonian consumers were paying an average of 35 cents per liter for milk in stores, while milk producers were…
Estonia’s sweeping administrative reform continues, as local governments were asked to agree on mergers so that no less than 5 thousand would live per municipality. The aim of the reform is to cut the number of local governments from 231 to 75. 160 out 213 local councils have merger agreements lined up as the first…
The size of the budget for Estonia’s central bank for 2017 is 22.7 million euros, up approximately by 800,000 euros or by 4.3% YoY. “Leaving aside cash-related costs, which are very different in different years, the budget of the central bank will increase by 0.77 million euros or approximately 4.3% compared to 2016”, the Bank…
Healthcare costs have increased by 397 million euros at current prices over the 2009-2015 period, 98 million euros of which fell into 2015, according to the National Institute for Health Development’s (TAI) newly-pubished analysis “Estonian healthcare costs 2015”. In 2015 state health insurance, i.e. the Estonian Healthcare Insurance Fund (EHIF), accounted for 64.8%, household co-financing…
The Competition Authority of Estonia released a conclusion that the cost of electricity distribution services of electric grid operator Elektrilevi was not adjusted to their current costs and should be lowered by 6.7%. Because network charges make up 50-55% of the consumer price of electricity, the price of electricity for the average consumer should drop…
Estonian Maritime Administration continues its work on a push to attract shipping firms to register their ships in Estonia by offering e-registration and a reduced tax burden. Even though the Maritime Administration has been working out the plan for more than four years, progress could be reached after Estonian Prime Minister Juri Ratas announced that…