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…
The turnover of retail trade enterprises in January came to EUR 730 million, state agency Statistics Estonia reported, a rise of 8% YoY, at constant prices. Johanna Linda Pihlak, Statistics Estonia analyst, said: “The turnover growth in enterprises engaged in the retail sale of automotive fuel accounted for nearly a half of the total rise…
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,…
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 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…
Major supermarkets in Estonia, which have been carrying food, drink and other products made in the Russian Federation, have started to remove them from the shelves in the wake of Russia’s military aggression against Ukraine. Retailers are also removing TV ad spots for products of Russian origin. Rimi Eesti CEO Vaido Pajumae said: “People of…
Finland will grant Estonia permission to send howitzers to Ukraine to help the country defend itself against Russian aggression – as long as Germany also agrees. Speaking during a parliamentary debate on February 23, Finnish Minister of Foreign Affairs Pekka Haavisto said: “From our side, there is no obstacle if Germany gives the green light…