Estonia’s nation e-Residency program has reported a 2020 revenue of EUR 19.7 million, the highest in its six-year existence, with profits also topping previous records. e-Residency CEO Lauri Haav said: “We welcome the government’s unwavering faith in the program, and I am confident that every euro invested in the program will bring manifold returns, which…
Tallink will relaunch the Tallinn-Stockholm ferry line on July 9, almost 16 months after it closed due to coronavirus. The route will initially be operated with one vessel, Baltic Queen, with departures from Tallinn and Stockholm every other day. Tallink Grupp’s CEO Paavo Nogene said: “When we temporarily suspended the Tallinn-Stockholm ferry route on March…
The coalition has agreed on how to support Eesti Energia for the production of green energy from biomass. Next week, the Riigikogu plans to pass a bill that would enable the support of the production of 1,000 gigawatt-hours of electricity from biomass in Eesti Energia’s power plants over the next two years. Mart Vorklaev, chairman…
Tax take in April stood at EUR 670.8 million, up by 14.9% YoY, the Tax and Customs Board (MTA) said, with growth mainly fueled by the low starting point, given that April 2020 was the first full month to follow the arrival of the coronavirus pandemic. VAT receipts in January to April came to EUR…
In April, exports of goods increased by 54% and imports by 51% YoY, data from Statistics Estonia showed. The trade growth was influenced by last year’s low reference base as well as by the increase in exports and imports of mineral products, electrical equipment and transport equipment. In April, Estonia’s exports and imports of goods…
In April, the total production of industrial enterprises increased by 17% YoY, data from Statistics Estonia showed. Production increased by 17% in the energy sector and by 18% in manufacturing, but decreased by 1% in mining. Industry is the largest sector of the Estonian economy and an important driver of economic growth. The index of…
In May, the consumer price index increased by 0.9% MoM and by 3.6% YoY. Rising prices of motor fuel and electricity were behind the increase. Goods were 2.9% and services 4.4% more expensive than in May last year. Viktoria Trasanov, lead analyst at Statistics Estonia, said, compared to May 2020, the consumer price index was…