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…
There will be no cuts in next year’s state budget at the expense of internal security, Prime Minister Kaja Kallas (Reform) has promised. Kallas said: “I can confirm that internal security is one of the priorities and it will not get any worse. I am assured that no command will close, no police officer currently…
Inflation of close to 5% is likely to remain for several months and may even be exceeded in some months, according to an economist from Scandinavian-owned bank SEB. Mihkel Nestor, economic analyst at SEB Estonia, said: “In the second half of 2020, the consumer price index (CPI) fell by 1% on average per month, but…
In 2020, power plants produced 5,516 gigawatt-hours (GWh) of electricity, which was three quarters of the production the year prior, data from Statistics Estonia showed. The volume of electricity produced from oil shale decreased by a half. Helle Truuts, an analyst at Statistics Estonia, said electricity production from renewable energy sources continued to grow last…
In July, the total production of industrial enterprises increased by 10% YoY, data from Statistics Estonia showed. Production increased by 16% in energy production, by 6% in manufacturing and by 72% in mining. Helle Bunder, analyst at Statistics Estonia, said production increased in more than a half of manufacturing activities. “In July last year, the…