Coronavirus restrictions could be costing the state between EUR 7 million and EUR 19 million every day, according to experts. Lifting restrictions alone would also not spell immediate economic recovery either. Investor and businessman Risto Rossar said last week that in his estimation, restrictions on every working individual in Estonia cost the state EUR 712…
On April 12, the Riigikogu’s finance committee reviewed the amendment proposals submitted for the third reading of the draft supplementary budget for this year and proposed to the plenary that a final vote be held. Committee chairman Erki Savisaar (Center) said that the parliamentary groups tabled the same proposals for the third reading as for…
In February, exports of goods increased by 16% and imports by 10% YoY, data from Statistics Estonia showed. The growth in foreign trade was significantly boosted by trade in mineral products and wood and articles of wood. Estonia’s exports and imports of goods each amounted to 1.3 billion euros at current prices. The trade deficit…
Electricity prices rose by 18.3% YoY last month, which had the biggest impact on the Estonian consumer price index. In March, the consumer price index fell by 0.2% MoM, but rose by 1.1% YoY, data from Statistics Estonia showed. Goods were 0.5% and services 2% more expensive than in March last year. Viktoria Trasanov, leading…
In February, Estonian accommodation establishments served nearly 100,000 tourists who spent 187,000 nights in total, data from Statistics Estonia showed. The number of visitors dropped by 57% compared to February 2020. Analyst at Statistics Estonia Helga Laurmaa said most of the accommodated guests were domestic tourists and only 13% were foreign tourists. “Year on year,…
The state-owned railway infrastructure company Estonian Railways (Eesti Raudtee) and Leonhard Weiss OU have entered into a contract for expanding the Balti Jaam central railway station of Tallinn for slightly over EUR 3.3 million. In the framework of the project, two new station tracks will be built at the station complete with platforms, as well…
The Estonian arm of Nasdaq’s Baltic services saw its record for the number of transactions crushed over the last year, leading to an influx of small investors and Estonian companies taking themselves to the public market. In 2020, the number of transactions on Nasdaq Tallinn’s exchange grew more than 5-fold YoY. The number of accounts…