In February, the consumer price index rose by 12% YoY, data from Statistics Estonia showed. Prices increased by 1.5% compared to January. Viktoria Trasanov, leading analyst at Statistics Estonia, said, compared to February 2021, the consumer price index was affected the most by housing-related price changes, which contributed over a third of the total rise…
Once the dust has settled on the entry into the Estonian market of German cut-price supermarket chain Lidl, established competitors say they hope customers will remain loyal and return to their previous stores of choice. One issue which some of the other supermarkets have highlighted is the lack of locally sourced items in Lidl’s product…
Wage growth recovered last year following the slowdown of 2020, reaching the pre-pandemic levels, the state agency Statistics Estonia reported. The average monthly gross wages and salaries across all sectors in Estonia stood at EUR 1,548 in 2021, up by 6.9% YoY. Argo Tarkiainen, Statistics Estonia analyst, said that, last year so far as sectors…
The turnover of retail trade enterprises in January came to EUR 730 million, state agency Statistics Estonia reported, a rise of 8% YoY, at constant prices. Johanna Linda Pihlak, Statistics Estonia analyst, said: “The turnover growth in enterprises engaged in the retail sale of automotive fuel accounted for nearly a half of the total rise…
In 2021, Estonia’s economy grew by 5.2% compared to the pre-pandemic level, data from Statistics Estonia showed. In 2021 as a whole, the economy grew by 8.3%. Compared to 2019, the economy grew by 5.2%, thereby exceeding pre-pandemic levels. The GDP at current prices was EUR 8.7 billion. Robert Muursepp, leading analyst at Statistics Estonia,…
In the fourth quarter of 2021, sales revenue (+13%), adjusted EBITDA (+6%) and profit (+14%) increased, the Port of Tallinn Group said in its press release. Growth in passenger volume and ferry calls increased revenue in the passenger harbours segment, which made the biggest contribution to the improvement in the group’s financial performance. However, profitability…
Estonia will send more Javelin anti-tank missiles and anti-aircraft munitions to Ukraine, the Ministry of Defense has said. Food and medical equipment will also be sent. “We are providing additional arms assistance to Ukraine. 25,000 packages of dry food, medical equipment, personal equipment, ammunition, additional javelin missiles and anti-aircraft munitions,” said Secretary General of the…