The number of unemployed persons declined in the second quarter and is moving now towards the pre-crisis level, state agency Statistics Estonia says. There were 47,300 unemployed persons, 1,500 less than in the first quarter of 2021 and 1,700 less than in the second quarter of 2020. Over half of the unemployed people had been…
Electricity prices in Estonia have almost doubled over the past year, influenced by the increased demand during the hot summer – thanks to air conditioning units and refrigeration – and a rise in demand in general. The average electricity price rose by EUR 40 just between March and April, while state-owned energy generator Eesti Energia…
Estonia’s economic growth exceeded 5% in the first quarter, while analysts said that double digits could be seen in the second. “Because we saw strong growth and GDP climb to a high level in the first quarter, this would affect the remaining three quarters, with annual growth forecast as noteworthy,” Tonu Mertsina, chief economist for…
Nordica subsidiary Regional Jet reported a loss of close to EUR 6.5 million in 2020, a yearm which blighted the aviation sector as a whole with the arrival of the pandemic, as Regional Jet reported a 34% fall in turnover over the same period. Jan Palmer, board chair and CEO, said the timing of the…
According to a recent analysis commissioned by Startup Estonia and the Estonian e-Residency program, almost one third of Estonian start-ups have been founded by e-residents. Most of those startups focus on business software development and FinTech solutions. Head of Startup Estonia, Eve Peeterson, believes that Estonia attracts international talent primarily thanks to its innovative digital…
Imports grew by 49% YoY in the second quarter of 2021, while exports grew by almost as much, by 41%, the state agency Statistics Estonia said. The year-on-year figure for June alone was 45% (imports) and 26% (exports), while overall imports of EUR 1.7 billion was a record figure. Evelin Puura, lead analyst at Statistics…
The total production of industrial enterprises rose by 11% YoY in June, Statistics Estonia reported, the third month in a row to see a year-on-year increase. Production increased in all three major industrial sectors during that time: in mining (by 19%), in energy (by 14%) and in manufacturing (by 10%). Helle Bunder, one of the…