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…
Estonia’s unemployment rate fell to 5.7% in the third quarter of 2021, data from Statistics Estonia showed. The number of people without work dropped by 7,400 to 39,900. The labor force participation rate was 71.5%, the employment rate was 67.4% and the unemployment rate was 5.7% – the lowest this year. In the third quarter,…
Excise duty on cigarettes is set to rise by 5% from January 2022, the Finance Ministry says. Interest rates on tax arrears are to return to their pre-coronavirus crisis levels from January 2022. The rate will rise from its current level of EUR 145.60 per 1,000 cigarettes, to EUR 152.85 per 1,000, from January 2022,…
Minister of Finance Keit-Pentus Rosimannus (Reform) said that although inflation might continue next year, official estimates did not see it happening, which is why the Ministry of Finance could not take the possibility into consideration when drawing up next year’s budget. Pentus-Rosimannus said when speaking of inflation that it would continue into next year, but…
While the 2022 state budget bill is due for its second Riigikogu reading later this month, the backdrop will be a controversial annual regional funding distribution being halved in value, to EUR 3 million, at least on last year’s figure. Amendments to the state budget bill include those on distribution of the protection money –…
Estonia’s exports of goods increased by 30% and imports by 37% YoY in September, state agency Statistics Estonia reported. Exports of goods in September amounted to EUR 1.7 billion and imports to EUR 1.8 billion. In the third quarter, exports grew by 34% and imports by 35%. The trade deficit was EUR 72 million, having…