The total production of industrial enterprises increased by 2.8% YoY in October, data from Statistics Estonia showed. Production increased by 11.8% in energy production and by 3.5% in manufacturing, but decreased by 39.7% in mining. Helle Bunder, analyst at Statistics Estonia, said due to the higher reference base of October 2020, the year-on-year growth in…
The availability of living spaces in Tallinn is set to worsen in the future, experts believe. Entrepreneurs are preparing by developing rental houses and apartment buildings in the capital city, which is not too profitable of a step, but it does ensure stable cash flow. Learn how to build multiple streams of revenue to have…
Tallinn City Government will allocate an additional EUR 4 million to cover rising wages and fuel costs in the transport sector. There are currently no plans in place to reduce routes or raise ticket prices. Deputy Mayor for Transport Andrei Novikov (Center) said the capital’s transport costs were approximately EUR 80 million a year. This…
Average monthly gross wages rose by 7.8% YoY in the third quarter of 2021, state agency Statistics Estonia reported, to EUR 1,553. Statistics Estonia analyst Argo Tarkiainen said that the growth had returned to pre-pandemic levels. He said: “Whereas last year the growth in wages and salaries was slower, this year it is once again…
The finance committee of the Riigikogu reviewed the amendments to the draft state budget for 2022 received for the third reading on November 23 and sent the draft to the third reading. The parliamentary groups of the Riigikogu submitted 44 amendments to the budget, which were not supported because the sources of coverage were not…
There were three offers made for the Tallinn public transport firm Tallinna Linnatranspordi AS (TLT) tender to procure 23 new trams. The city hopes to enter into a contract no later than in the beginning of 2022. TLT board chairman Deniss Borodits said there were three offers made for the tender – tram manufacturers CAF,…
The average pension (all types) in Estonia grew by 6.2% YoY in the third quarter of 2021, to EUR 550.6. The average pension saw a negligible rise between Q2 an Q3 2021 of 0.1%, Statistics Estonia said. The average old-age pension stood at EUR 557.1 in Q3 2021, up by 5.2% YoY. Between Q2 and…