The consumer price index (CPI) rose by 20% YoY in May, state agency Statistics Estonia said, driven primarily by soaring energy prices starting from last autumn. Services alone were 28.8% more expensive than in May last year, goods cost 15.7% more. Viktoria Trasanov, leading analyst at Statistics Estonia, said: “Electricity to the home was 146.3%…
The Ministry of Rural Affairs has turned to the Ministry of Economic Affairs and Communications (MKM), as it finds the latter has ignored prior agreements concerning compensation for the fishing sector in draft legislation regulating wind turbine fees. Draft legislation to reduce Estonia’s dependence on natural gas, currently in its second reading in the Riigikogu,…
Delays at airports across Europe have been caused by a sudden surge in demand coupled with a labor shortage, Estonian experts have said. Air traffic has returned to pre-pandemic levels, Eero Pargmae, Commercial Director of Tallinn Airport, has said. “In May last year, we serviced 54,000 passengers in the whole month and 271,000 passengers in…
In April, the total production of industrial enterprises increased by 3.8% at constant prices compared to April 2021, data from Statistics Estonia showed. The biggest fall was in the mining sector. Output increased in two of the three industrial sectors: by 3.7% in manufacturing and by 9.6% in electricity production. In mining, output fell by…
Approximately 2,000 amendments have been submitted to the draft Family Benefits Bill by the Reform Party to slow the legislation’s progress through the Riigikogu. The Center Party has agreed to hold extended sittings to process them. Reform whip Mart Vorklaev said this had been done for several reasons. A substantive debate should be held to…
Five bus companies have sent a joint appeal to the Estonian president, prime minister and government seeking to make changes to contracts concluded with the state, as rising fuel prices are making it impossible for them to fulfill their contractual obligations under current contract conditions. According to the appeal, which was signed by Hansabuss, Sebe,…
Russia’s full-scale invasion of Ukraine has prompted economic sanctions as well as talk of terminating business in Russia, but the import of raw materials from Russia to Estonia is still in the process of winding down. According to involved parties, however, things are heading in that direction, with companies taking full advantage of contracts concluded…