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…
This week’s E-smaspaev, Estonia’s semiannual version of Cyber Monday, boosted one-day online shopping turnover more than threefold, according to overviews by payment solutions providers Maksekeskus and Montonio. While people in Estonia typically spend some EUR 5-7 million per day shopping online, on May 9, they spent EUR 15-21 million buying from online stores, Estonian E-Commerce…
While construction of the temporary control line between Estonia and Russia is progressing as planned, the state will have to take increases in construction costs into account when building out successive stages of the border. The price of delay fencing alone has doubled, and procurement thereof has gotten increasingly difficult. The first, 23.5-kilometer section of…
Boosted by sales of mineral fuels and electricity, Estonia’s imports and exports reached a record high in March, growing by more than 30% YoY, data from Statistics Estonia showed. In March, exports increased by 35% and imports by 31% compared to March 2021. Compared to the first quarter of last year, exports grew by 30%…
Home-loans for real estate outside Tallinn and its environs have risen slightly in overall share, Swedbank reports. While the majority (nearly two-thirds, at 60%) of total home-loans issued by Swedbank for the purchase of property in Estonia are for real estate in Tallinn and Harju County, this is still slightly down on the 63% share…
The consumer price index grew by 18.8% YoY in April, with price advance faster than in decades. Housing expenses contributed the most, Statistics Estonia reported. According to Statistics Estonia, in April, the consumer price index increased by 3.6% MoM and by 18.8% YoY. Goods were 14.4% and services 27.8% more expensive than in April last…
Unions in Estonia want the monthly minimum wage to be hiked extraordinarily, to EUR 700, citing inflation and high energy prices. Employers are more lukewarm about the idea. The current minimum wage per month is EUR 654, set at the end of last year. The Confederation of Trade Unions (Ametiuhingute keskliit) made its proposal to…