Estonia’s rapid trade growth continued in November 2021 with exports of goods increasing by 30% YoY, imports increased by 36%, data from Statistics Estonia showed. Growth was the highest in trade with the European Union Member States and primarily with neighboring countries. In November 2021, Estonia’s exports of goods amounted to EUR 1.7 billion and…
Estonia: price and wage inflation likely feature of much of the year Rapid inflation experienced in the latter part of 2021 will show no sign of abating in the first half of 2022, according to some experts, while price rises might even be exacerbated by wage inflation prompted by the inflation, setting off a vicious…
A bill aimed at slashing VAT on energy bills is being held-up at the Riigikogu – partly because the chamber is nearing the end of a four-week winter recess in any case – but also as the two coalition partners, Reform and Center, aim to patch up differences on the bill. While Reform opposed cutting…
From January, local municipality governments will begin accepting applications for energy price compensation. Many municipalities have hired additional people to prepare for the avalanche of applications set to come in. Tallinn is set to begin accepting energy price compensation applications from January 17. The city has told people to wait for February with their bills…
An almost 50% ticket rise for visitors to Estonia’s largest islands has been postponed until later this year after a meeting between local mayors and the government. The price hike was due to take effect in February and would have only affected visitors, not island residents. Minister of Economic Affairs Taavi Aas (Center) met with…
In November 2021, the turnover of retail trade enterprises was 808 million euros, data from Statistics Estonia showed. Compared to November 2020, turnover increased by 14% at constant prices. Johanna Linda Pihlak, analyst at Statistics Estonia, said turnover increased in grocery stores, in stores selling manufactured goods as well as in enterprises engaged in the…
Tallink Grupp says its Tallinn-Helsinki route shuttle vessel Megastar will go for its first regular dry-docking since the vessel first started operating on the route in January 2017 to Naantali shipyard in Finland in January 2022. The vessel will be in the dock for technical maintenance on January 11-16, 2022. During the docking the vessel…