Land acquisition for Rail Baltic is five years behind schedule, a new report by the National Audit Office (NAO) shows. So far, only a quarter of the land needed has been purchased by the state. Only 6% of land has been acquired in Harju County, the most populated. The report said this was “worrying” in…
The coalition parties, Reform and Center, reached agreement in principle on measures to alleviate soaring electricity, natural gas and household heating inflation. The government plans to halve the electricity network fee until March 2022 and provide support to low-income households, though still needs confirmation from the competition authority watchdog that it can go ahead. Center…
One of the reasons Estonia is seeing such high electricity prices is that there are renewable energy projects, which haven’t been completed, head of Enefit Green Aavo Karmas has said. Enefit Green is a subsidiary of the state-owned Eesti Energia. “If today we had more wind, and also solar parks, then we wouldn’t see such…
There were 44,305 registered unemployed people in Estonia in September, 6.3% of the total possible workforce. The rate dropped by 0.3% MoM. The highest rate – 10.7% – was in Ida-Viru County, followed by Valga County (9%), Polva County (7.7%) and Voru County (7%), data from the Unemployment Insurance Fund (Tootukassa) showed. The rates were…
Although prices have increased in the fastest rate of the last 12 years, the inflation is set to slow down next year, the Bank of Estonia assesses. “Our estimates show that price increases will remain between 3% and 4% next year,” the central bank’s economic research department head Martti Randveer said. Data from Statistics Estonia…
Businessman and president of the Estonian Olympic Committee Urmas Soorumaa said that the current economic growth was deceptive, as it was not based on traditional models. “It is sort of deceptive. Yes, the so-called economy is growing since stock markets are growing, there is more money coming in and the amount of money in peoples’…
As of October 4, the Tax and Customs Board (MTA) was still awaiting EUR 4.18 million in underpaid tax. The deadline for payment for the 2020 tax year was October 1. EUR 1.38 million of the total owed was due to be paid in installments. The total in underpaid tax owed to the MTA for…