Data from Statistics Estonia and the Bank of Estonia suggested Estonia’s services exports grew by 79% YoY, while imports of services fell by 23% in the fourth quarter of 2021. In all, exports of services grew by 47% and imports by 28% compared to 2020. In the fourth quarter of 2021, Estonia’s exports of services…
Trade in Estonia grew by a third YoY in January, significantly boosted by a rise exports and imports and higher prices for mineral fuels and electricity, state agency Statistics Estonia reported. In January, Estonia’s exports of goods increased by 35% and imports by 36%. Exports of goods in January amounted to EUR 1.6 billion and…
Total production of industrial enterprises in Estonia increased by 1.4% YoY in January, state agency Statistics Estonia reported. Inflation has curbed higher levels of growth, however, and the rate has slowed. Production increased by 1.8% in manufacturing and by 3.9% in mining, the agency said, while energy production grew by just 0.2%. Helle Bunder, analyst…
Tourism rose by 64% YoY in January, state agency Statistics Estonia reports. Tourist numbers rose both for foreign tourists, exiting the Covid pandemic, and domestic travelers, with Latvia providing more visitors than any other country. Over 158,000 tourists stayed in hotels, hostels, guest houses and other accommodation establishments in January, the agency reported. While the…
A part of people fleeing the war in Ukraine have already found work in Estonia. While hundreds of wanted ads have been posted, employers want the chance to hire refugees on the same grounds as permanent residents. That said, refugees are expected to do different things than people who have come to work in Estonia…
In February, the consumer price index rose by 12% YoY, data from Statistics Estonia showed. Prices increased by 1.5% compared to January. Viktoria Trasanov, leading analyst at Statistics Estonia, said, compared to February 2021, the consumer price index was affected the most by housing-related price changes, which contributed over a third of the total rise…
Once the dust has settled on the entry into the Estonian market of German cut-price supermarket chain Lidl, established competitors say they hope customers will remain loyal and return to their previous stores of choice. One issue which some of the other supermarkets have highlighted is the lack of locally sourced items in Lidl’s product…