According to Statistics Estonia, in March, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, by 5.2% in mining and by 21.3% in energy production. According to Helle Bunder, analyst at Statistics Estonia, production volumes increased in most…
When the full-scale invasion of Ukraine began on February 24, people in Estonia responded with great zeal and donations poured in. With the war now in its third month, donors’ drive has begun to lose momentum, however help is still needed in Ukraine. Luhansk, Donetsk and Kharkiv regions are the parts of Ukraine currently in…
The turnover of retail trade enterprises in Estonia in March totaled EUR 891 million. Compared with March 2021, turnover increased by 18% at constant prices, Statistics Estonia said. The increase in retail trade turnover in March was influenced primarily by stores selling manufactured goods, where turnover increased by 33% YoY, according to Statistics Estonia analyst…
Shipping line Tallink Group doubled its revenue in the first quarter of 2021, though the company’s losses rose by nearly 15%. Tallink Group announced its Q1 results to the stock exchange on April 28, revealing that the Omicron Covid wave and the beginning of the Ukraine war made their impact known on traveler numbers and…
Europe is facing sunflower oil shortages. Similarly to British supermarkets, Lidl likewise imposed purchase limits on cooking oil in its Estonian stores, but had since lifted them. The shortage and price increase on cooking oil, however, has put several Estonian food industry businesses in a bind. Until recently, Lidl had imposed a limit of five…
The Estonian Peat Association has proposed the creation of a strategic peat reserve and compensation for the price difference caused by CO2 quotas. The Ministry of Economic Affairs and Communications said that while producers were free to approach district heating providers, there were no measures for CO2 component compensation. The association wrote in its letter…
The Estonian state-owned Omniva continues to support Ukraine, including by allowing private individuals to mail humanitarian aid packages to Ukraine for free. Its “Glory to Ukraine!” postage stamp, which was released on March 24, has also proven very popular. With a nominal price of EUR 1.90, which means it can be used to send mail…