Estonia: average monthly gross wages up in 2021

Wage growth recovered last year following the slowdown of 2020, reaching the pre-pandemic levels, the state agency Statistics Estonia reported. The average monthly gross wages and salaries across all sectors in Estonia stood at EUR 1,548 in 2021, up by 6.9% YoY. Argo Tarkiainen, Statistics Estonia analyst, said that, last year so far as sectors…

Estonia: economy up in 2021

In 2021, Estonia’s economy grew by 5.2% compared to the pre-pandemic level, data from Statistics Estonia showed. In 2021 as a whole, the economy grew by 8.3%. Compared to 2019, the economy grew by 5.2%, thereby exceeding pre-pandemic levels. The GDP at current prices was EUR 8.7 billion. Robert Muursepp, leading analyst at Statistics Estonia,…

Estonia: Port of Tallinn Group revenue up in 2021

In the fourth quarter of 2021, sales revenue (+13%), adjusted EBITDA (+6%) and profit (+14%) increased, the Port of Tallinn Group said in its press release. Growth in passenger volume and ferry calls increased revenue in the passenger harbours segment, which made the biggest contribution to the improvement in the group’s financial performance. However, profitability…

Estonia: additional weapons and aid sent to Ukraine

Estonia will send more Javelin anti-tank missiles and anti-aircraft munitions to Ukraine, the Ministry of Defense has said. Food and medical equipment will also be sent. “We are providing additional arms assistance to Ukraine. 25,000 packages of dry food, medical equipment, personal equipment, ammunition, additional javelin missiles and anti-aircraft munitions,” said Secretary General of the…