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…
Estonia’s poverty rate did not change in 2020, as the number of people who lived in absolute poverty or at risk of poverty declined by 0.1%, data from Statistics Estonia showed. The rate rose among single parents but fell among larger families. The data showed 2.2% of Estonia’s population lived in absolute poverty and 20.6%…
Over the past year, the consumer price index has increased by 7%, data from Statistics Estonia show. The last time the rise was so high was in December 2008. The consumer price index fell by 0.2% compared to September 2021, but rose by 7% compared to October 2020. Goods were 6% and services 8.9% more…