The effects of Russia’s war on Ukraine are already being felt by producers of strong alcohol and spirits in Estonia. Raw material shortages caused by the war are expected to lead to major price increases by fall at the latest. Spirits companies are also preparing for some of their products to disappear from supermarket shelves.…
The industrial producer price index rose by 33.7% YoY in May. Leading analyst at Statistics Estonia Germo Valgenberg said: “In manufacturing as a whole, prices increased by 24%, whereas in the manufacture of food products, prices rose by 21.2%.” Valgenberg explained that this May’s index was primarily affected by price increases in the production of…
Estonia could have 2,000 vacancies for truck drivers until the end of 2022, which is why carriers want an exception for hiring Belarusians. Even now, Estonian logistics companies are looking for drivers from Uzbekistan and even India. Europe is short of some 400,000 truck drivers for almost 10% of vacant jobs. The problem will only…
There are currently 7,700 e-shops in Estonia, with the number having increased by around 1,700 during the pandemic. “In 2020, we monitored domains using the e-commerce platform and according to the data, there were about 6,000 different e-shops operating in Estonia at that time,” said Tonu Vaat, CEO of the Estonian E-Commerce Association. “In cooperation…
Raising the income tax-free threshold to EUR 800 per month, from its current level of EUR 500, is the best way to combat high levels of inflation in Estonia, Social Democratic Party (SDE) deputy chairwoman Riina Sikkut says, adding that such a policy is a central goal for the part in its ongoing coalition discussions…
Estonian pharmacy wholesaler Magnum Grupp has made its largest investment in a decade, albeit for an undisclosed sum, after purchasing Lithuanian chain UAB Apotheca Vaistine. The company will now be the sixth-largest pharmacy chain in the southernmost Baltic State. The purchase brings the total number of pharmacy outlets Magnum operates under its Apotheka brand to…
The Prisma chain of supermarkets planned to open a new shop in Saue this year but price advance caused the developer to ax the project, with the chain now looking for a new location for the supermarket. The Saue Municipality said that Saue EPT, which was the developer for the Prisma supermarket building in the…