The Consumer Price Index (CPI) rose by 15.2% YoY in March, state agency Statistics Estonia reported, with housing-related price changes exerting the greatest influence. Services were 18.1% more expensive than in March last year and goods – 13.7% more expensive. Between February and March the CPI rose by 2.7%, Statistics Estonia said. Viktoria Trasanov, Statistics…
Total production of industrial enterprises in Estonia rose by 1.7% YoY at constant prices on year in February, state agency Statistics Estonia reported. Output increased by 4.7% in manufacturing, the sector with the largest growth, though it decreased by 11.8% in mining and by 16.6% in energy production. Helle Bunder, Statistics Estonia analyst, said: “In…
Tallink Grupp on April 4 signed an agreement with the Social Insurance Board (SKA) to charter out the MS Isabelle from April 7 in order to provide temporary accommodation in Tallinn to war refugees from Ukraine. Refugees who have thus far been staying at hotels in Tallinn will be transferred to accommodations aboard the Isabelle.…
The European Union must speed up the process of laying down new Russia sanctions and add the country’s energy sector to the list, Estonian Minister of Foreign Affairs Eva-Maria Liimets said on April 4. Liimets met with her Romanian colleague in Bucharest. “We need to continue putting pressure on Russia to end this war. From…
As of March 25, there were assets worth approximately EUR 55 million frozen in banks in Latvia due to sanctions imposed by the European Union and US Department of the Treasury’s Office of Foreign Assets Control (OFAC), as reported by Finance and Capital Market Commission (FKTK). “Two week ago a major increase of the frozen…
Global credit rating agency Standard and Poor’s (S&P) lowered Estonia’s economic outlook from “positive” to “stable” due to the impacts of Russia’s war in Ukraine. It did not change Estonia’s AA- status. The agency believes the war will impact Estonia’s economic growth and increase budget expenditures due to higher spending on defense, compensation of household…
The first volunteer-made camouflage nets have been sent to Ukraine, part of an initiative set up by two friends to combine recycling with military aid, following Russia’s invasion. The netting is around six meters in length, and also takes into account the time of year, fashion designer and co-founder of the initiative, dubbed “Aitan Kaitsta”…