Estonia: banks worried about low activity and falling small business loan volume The housing loans portfolio continued to grow in recent volume in April, gaining EUR 194 million, while the preparedness o

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The housing loans portfolio continued to grow in recent volume in April, gaining EUR 194 million, while the preparedness of companies to invest with the help of loans was dwindling, the Estonian Banking Association said. The Estonian Banking Association said that companies’ loan portfolio fell short of EUR 300 million for the fourth consecutive month.…

Estonia: EC recommends expanding unemployment benefits and renewing fleet

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The European Commission’s recommendations for Estonia include expanding unemployment insurance benefits to cover non-standard forms of work and updating vehicles. The European Commission on May 23 published its country-specific recommendations for the next six months. The Commission urges Estonia to expedite renewable energy projects, secure cross-border energy links and render the transport sector more environmentally…

Estonia: tomato and cucumber production costs up

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The production costs of domestic tomatoes and cucumbers have increased by several dozen percent. The sale price of cucumbers, however, has decreased, and initially high tomato prices have returned to last year’s level. Even if producers want to increase prices, they can’t, as consumers wouldn’t be able to afford them anymore. Parnu County’s Voiste Aiand…

Estonia: average gross monthly wage up in 2021

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Average monthly gross income rose by EUR 92 (+6.7%), to EUR 1,475 per employee in 2021, state agency Statistics Estonia reported. Gross income also continued to rise as 2021 progressed. Statistics Estonia analyst Greta Tischler noted that the highest average income was once again earned in municipalities of Harju County, principally those which made up…