The popularity of e-commerce has grown in Estonia with 62% of the population aged 16-74 making online purchases in the previous year. Among enterprises, the use of enterprise resource planning and customer relationship management software continues to increase as companies are trying out AI technologies, state agency Statistics Estonia reports. The number of e-commerce users…
The growing economy and high level of collected taxes are due to work carried out by the previous government, former finance minister and chairman of EKRE Martin Helme claims. Speaking on ETV’s “Esimene stuudio”, Helme, who was finance minister in the Center/Isamaa/EKRE government in 2019-2021, said: “Now it can be seen that the decisions we…
Electricity prices rose to a new record high on September 14, beating the previous record set on September 13. The price rose by 4.9%, to EUR 141.6. Before September 13’s record high, the previous record was set on September 8. The new price is 6.1% higher than that record. Before that, the record price was…
A large part of the money people received from second pillar payouts went toward eliminating small debts. But shopping malls were also filled with people last week buying small appliances and electronics. A more accurate overview of spending will become clear in the near future, but the effects of pension assets decreasing and their effects…
A more-optimistic-than-expected summer economic forecast stands testimony to the government’s crisis management policy, Prime Minister Kaja Kallas (Reform) said on September 9, the first day of the 2022 state budget cabinet talks. Kallas said: “The sufficiently substantial and well targeted supplementary budget compiled rapidly this spring played an important role in this, having provided the…
There will be no cuts in next year’s state budget at the expense of internal security, Prime Minister Kaja Kallas (Reform) has promised. Kallas said: “I can confirm that internal security is one of the priorities and it will not get any worse. I am assured that no command will close, no police officer currently…
Inflation of close to 5% is likely to remain for several months and may even be exceeded in some months, according to an economist from Scandinavian-owned bank SEB. Mihkel Nestor, economic analyst at SEB Estonia, said: “In the second half of 2020, the consumer price index (CPI) fell by 1% on average per month, but…