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…
The largest tax bill owed following the deadline for filing the past tax year’s declaration has come to EUR 1.7 million, a Tax and Customs Board (MTA) spokesperson said, while the largest rebate came to EUR 13,000. The deadline for filing was May 2. Over 730,000 people submitted their income tax returns to the Tax…
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…