Opposition parties are calling on the government to help mitigate the effects of rising electricity prices after new records were set several times last week. Last week, the government said it did not have plans to control rising prices. Both Isamaa and the Social Democratic Party (SDE) initiated bills on September 20 to lower the…
The producer price index of industrial output in August increased by 1.7% MoM and by 15.5% YoY, the state agency Statistics Estonia reported. Statistics Estonia leading analyst Eveli Sokman said that the index was affected by price increases in the manufacture of wood and wood products, in electricity production and in the manufacture of metal…
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…