Estonia’s 2025 budget deficit of 1.2% and debt level of 24.1% are both very strong results compared with the EU average, economist Raul Eamets has said. Were the strong figures the result of good planning or public sector savings? “Unfortunately, it was not that simple. In general, we know that rising prices are negative for…
While dairy prices in Estonia have been falling since late last year, they may bottom out in the months to come. Initially, the price drop could be observed on the shelves with milk pricing alone, but it has spread to other dairy products too. The price of drinking milk has fallen year on year by…
Home prices in Estonia rose by 5.2% YoY in 2025, the Statistics Estonia reported. The house price index (HPI), which increased rapidly in 2021 and 2022, continued to rise in the last three years, but at a more modest rate ranging from 5.2% to 6.1%, said Mart Umbleja, leading analyst at Statistics Estonia. In 2025,…
Many small dairy farmers in South-Eastern Estonia face financial hardship following the bankruptcy of a major cooperative. AS E-Piim, Estonia’s largest cheesmaker, was declared bankrupt earlier this month, leaving many suppliers unpaid and forcing herd reductions. The Ivaski farm in Antsla, Voru County, is owed nearly EUR 50,000 in milk payments by the cooperative owned…
A single joint ticket can now be used in Tallinn and Harju County for travel on trains, regional buses and Tallinn public transport. The North Estonia joint ticket is valid on Tallinn public transport, on the bus lines of the North Estonia Public Transport Center in Harju County, Laane County, Rapla County and Laane-Viru County,…
On March 11, a court declared AS E-Piim Tootmine bankrupt and appointed Indrek Lepsoo and Olev Kuklase as the company’s bankruptcy trustees. During the bankruptcy proceedings, the company’s financial situation will be determined, including the extent to which creditors may recover their money and how assets might be sold to do so. Negotiations among E-Piim…
Nearly EUR 2.07 billion remained unused in the state treasury in the past fiscal year, which was mostly due to the slow movement of European Union funds, Aivar Soerd (Reform), a member of the Riigikogu Finance Committee, said. The Ministry of Finance gave the Finance Committee an overview of the 2025 budget surplus, which, according…