Estonia: defense budget to increase n 2022

Estonia’s defense budget is expected to rise by EUR 103 million, to EUR 748 million next year. This will put the country’s defense spending at 2.31% of the forecast GDP. Minister of Defense Kalle Laanet (Reform) said this sum included allied costs, a defense investment program and new capability developments. “We can send a strong…

Estonia: producer price index up in August 2021

The producer price index of industrial output in August increased by 1.7% MoM and by 15.5% YoY, the state agency Statistics Estonia reported. Statistics Estonia leading analyst Eveli Sokman said that the index was affected by price increases in the manufacture of wood and wood products, in electricity production and in the manufacture of metal…