Consumer prices in Estonia rose by 5.04% YoY in February and by 1.3% compared to January, data from Statistics Estonia showed. In January, Estonia’s annual consumer price index (CPI) growth was 3.9%, ranking the country fourth in the eurozone in terms of inflation. In February 2023, the annual inflation rate was 4.2%. Lauri Veski, head…
Minister of Defense Hanno Pevkur (Reform) said on February 19 that Estonia’s defense spending would be over 4% of GDP next year but could not give an exact figure. “I can confirm that next year’s sum will be well over 4%. But how much exactly depends on the economic forecast. We are in the final…
Estonian retail trade enterprises’ turnover totaled EUR 10.4 billion in 2024 – falling by 3% YoY, according to preliminary data from Statistics Estonia. The biggest decline of 4% was registered in the turnover volume of stores selling manufactured goods, Statistics Estonia analyst Johanna Linda Pihlak said according to a press release. In supermarkets, the volume…
Estonia has already allocated UAH 16 million for the restoration of a bridge damaged by a Russian air strike in Malyn, Zhytomyr region, Vitaliy Bunechko, the head of the Zhytomyr Regional Military Administration, has posted on Telegram. “Currently, the Estonian Centre for International Development (ESTDEV) paid for works worth almost UAH 16 million. This is…
Minister of Defense Hanno Pevkur (Reform) and head of the Estonian Defense Forces (EDF) capacities development department Kaarel Maesalu said that the decision to give Estonia’s truck-towed howitzers to Ukraine did not harm the country defensive capacity. “Naturally, we made these decisions in cooperation with the Estonian Defense Forces and its commander. It follows our…
Estonia will purchase Poland-made Piorun (Thunderbolt) air defence systems, which have been battle-tested in the Ukraine war. Man-portable Piorun surface-to-air missiles are designed to target low-flying aircraft, helicopters and unmanned aerial vehicles. Under the deal, signed by Mariusz Blaszczak, the Polish defence minister, and his Estonian counterpart Hanno Pevkur on September 7, Poland will supply…
Last month, the producer price index rose by 33.3% YoY, data from Statistics Estonia showed. The increase was driven by energy, manufacturing and food prices. While the index, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, rose by 33.3% YoY, it increased by…