According to data released by Statistics Estonia, in April, Estonia’s exports increased by 4% and imports by 31% YoY. Faster growth in imports contributed significantly to the increase of trade deficit, which reached EUR 542 million in April. In April, Estonia’s exports amounted to nearly EUR 1.6 billion and imports to EUR 2.1 billion at…
Director of the Estonian Institute of Economic Research (EKI) Marje Josing said that Estonia was heading into another hugely expensive heating season, which was the result of decades of work not done. Senior economist for Swedbank Liis Elmik believes Estonia should once again offer support to less fortunate families. “It is work not done in…
The consumer price index (CPI) rose by 20% YoY in May, state agency Statistics Estonia said, driven primarily by soaring energy prices starting from last autumn. Services alone were 28.8% more expensive than in May last year, goods cost 15.7% more. Viktoria Trasanov, leading analyst at Statistics Estonia, said: “Electricity to the home was 146.3%…
The Ministry of Rural Affairs has turned to the Ministry of Economic Affairs and Communications (MKM), as it finds the latter has ignored prior agreements concerning compensation for the fishing sector in draft legislation regulating wind turbine fees. Draft legislation to reduce Estonia’s dependence on natural gas, currently in its second reading in the Riigikogu,…
Delays at airports across Europe have been caused by a sudden surge in demand coupled with a labor shortage, Estonian experts have said. Air traffic has returned to pre-pandemic levels, Eero Pargmae, Commercial Director of Tallinn Airport, has said. “In May last year, we serviced 54,000 passengers in the whole month and 271,000 passengers in…
In April, the total production of industrial enterprises increased by 3.8% at constant prices compared to April 2021, data from Statistics Estonia showed. The biggest fall was in the mining sector. Output increased in two of the three industrial sectors: by 3.7% in manufacturing and by 9.6% in electricity production. In mining, output fell by…
Approximately 2,000 amendments have been submitted to the draft Family Benefits Bill by the Reform Party to slow the legislation’s progress through the Riigikogu. The Center Party has agreed to hold extended sittings to process them. Reform whip Mart Vorklaev said this had been done for several reasons. A substantive debate should be held to…