The Estonian Association of Construction Entrepreneurs has sent a letter to the Ministry of Finance in which it threatens to terminate public sector construction contracts signed before Russia’s invasion of Ukraine, if the state is not willing to pay more for ongoing projects. The address suggests current material prices make it impossible to finish the…
The Ministry of Economic Affairs and Communications is working on plans to mitigate the impact of declining trade flows between Russia and Belarus, and ports in Estonia. While shipping of Russian origin had not made up a significant part of trade totals in Tallinn prior to the sanctions issued in the wake of Russia’s invasion…
Mayor of Tallinn Mihhail Kolvart (Center) wants to add a second underground floor to the capital’s future mega-hospital due to the changing security situation posed by Russia’s war in Ukraine. It would cost approximately EUR 47.4 million. Plans for a new mega-hospital with seven floors, six above ground and one below, have already been agreed…
People fleeing the conflict in Ukraine have been able to find work, this is often at a fraction of the wage offered to local hires. Wages for refugees as low as one quarter of that offered to a local worker have been reported, while the influx of Ukrainian people seeking work has caused confusion among…
In February, the producer price index (PPI) of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.8% MoM and by 26.3% YoY, Statistics Estonia said on March 21. Eveli Sokman, leading analyst at Statistics Estonia, said that, compared with…
Electricity and gas system operator Elering is replacing the second and last overhead power line connecting Saaremaa and Muhu via Vainatamm Dam with a second undersea power cable, which will increase the islands’ security of supply as well as eliminate the danger posed to birds by the overhead line. Construction of the new undersea cable,…
Minister of Finance Keit Pentus-Rosimannus (Reform) said that the government was prepared to put together a supplementary state budget to cover expenses on security, growing subsistence benefits in the conditions of inflation and refugees. Supporting refugees in education is estimated to cost dozens of millions of euros. The finance minister said that the war in…