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…
Estonia is transitioning away from being a net exporter of electricity to a net importer, particularly at peak times, the Competition Authority (Konkurentsiamet) says. This is further weakening the grid system, and also causes concern for the long-term as, while grid synchronization with the EU by 2025 will reduce dependency of electricity of Russian and…
Tallink Grupp says its subsidiary AS Tallink Latvija has signed a contract with Holland Norway Lines BV for the long-term charter of the company’s vessel Romantika. The charter agreement becomes effective when confirmed by the related financial partners shortly. The vessel, operating under the Latvian flag, will be delivered to the charterer in late March…
Most Estonian crowdfunding service providers will from this month have to apply for authorization from the Financial Supervision Authority (FSA), in line with European Union regulations. Kilvar Kessler, FSA board chair, says his organization has been working on this basis already, while the EU crowdfunding regulation is to enter into force on November 10, with…
The total production of industrial enterprises increased by 9% YoY in September, state agency Statistics Estonia said. Production increased by 20% in energy production and by 8% in manufacturing, but decreased by 2% in mining. Statistics Estonia analyst Helle Bunder said that the production volumes in manufacturing in September were similar to the previous month.…
In March, an amendment, which obliged all employers to present a risk assessment analysis to the Labor Inspectorate, entered into force. Nearly a third of employers did not present their analyses as of the due date in September. Labor Inspectorate acting director Meeli Miidla-Vanatalu said that there were some employers who were still not aware…