Minister of Finance Keit-Pentus Rosimannus (Reform) said that although inflation might continue next year, official estimates did not see it happening, which is why the Ministry of Finance could not take the possibility into consideration when drawing up next year’s budget. Pentus-Rosimannus said when speaking of inflation that it would continue into next year, but…
While the 2022 state budget bill is due for its second Riigikogu reading later this month, the backdrop will be a controversial annual regional funding distribution being halved in value, to EUR 3 million, at least on last year’s figure. Amendments to the state budget bill include those on distribution of the protection money –…
Estonia’s exports of goods increased by 30% and imports by 37% YoY in September, state agency Statistics Estonia reported. Exports of goods in September amounted to EUR 1.7 billion and imports to EUR 1.8 billion. In the third quarter, exports grew by 34% and imports by 35%. The trade deficit was EUR 72 million, having…
Estonia’s poverty rate did not change in 2020, as the number of people who lived in absolute poverty or at risk of poverty declined by 0.1%, data from Statistics Estonia showed. The rate rose among single parents but fell among larger families. The data showed 2.2% of Estonia’s population lived in absolute poverty and 20.6%…
Over the past year, the consumer price index has increased by 7%, data from Statistics Estonia show. The last time the rise was so high was in December 2008. The consumer price index fell by 0.2% compared to September 2021, but rose by 7% compared to October 2020. Goods were 6% and services 8.9% more…
Estonia is transitioning away from being a net exporter of electricity to a net importer, particularly at peak times, the Competition Authority (Konkurentsiamet) says. This is further weakening the grid system, and also causes concern for the long-term as, while grid synchronization with the EU by 2025 will reduce dependency of electricity of Russian and…
Tallink Grupp says its subsidiary AS Tallink Latvija has signed a contract with Holland Norway Lines BV for the long-term charter of the company’s vessel Romantika. The charter agreement becomes effective when confirmed by the related financial partners shortly. The vessel, operating under the Latvian flag, will be delivered to the charterer in late March…