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…
Tallinn City Government will continue to pay sick leave from the first day and to reduced rent in city-owned properties in the City Center until the end of 2021. However, rent exemption will no longer apply to properties outside the center. The measures are part of draft legislation to offer coronavirus relief to people and…
Estonia’s gross domestic product (GDP) grew by 12.9% YoY in the second quarter – a new record, data from Statistics Estonia showed. The GDP at current prices was EUR 7.4 billion. Robert Muursepp, lead analyst at Statistics Estonia, said when considering the fast economic growth, it should be noted that it was mainly connected with…