Exports rose by 10% YoY in October, while imports fell by 5%, state agency Statistics Estonia reported. October was the second month in a row when exports increased. Both exports and imports totaled EUR 1.4 billion in October. Goods of Estonian origin made up 75% of the total; exports to non-EU countries rose by 38%,…
Job vacancies fell by 27% YoY in the third quarter of 2020, state agency Statistics Estonia said. There were 8,689 job vacancies in Q3, with education (1,501), manufacturing (1,202) and retail (1,158) making up the largest sectors. Occupied and vacant posts combined came to 607,125, the agency added, making the vacancy rate 1.4%. Over 40%…
While the consumer price index (CPI) rose by 0.1% MoM in November, it fell by 1.1% YoY, state agency Statistics Estonia reported. Falling fuel prices in part resulted from diesel excise duty cuts earlier in the year. A fall in electricity prices also made its effects known. Goods cost 1.2% less in November then in…
While the newest set of restrictions established by the government are lighter than what the scientific council recommended, they could have strong effects on restaurants and bars. The government’s decision on December 3 means all companies and establishments can remain open for now. Based on that, the government does not consider it necessary to implement…
According to Statistics Estonia, the production of industrial enterprises in October increased by 1% YoY, marking the first increase of the indicator since the coronavirus pandemic kicked off in spring. Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of…
According to Statistics Estonia, in October, the turnover of retail trade enterprises was EUR 665 million. Compared to October 2019, turnover increased by 6% at constant prices. Jaanika Tiigiste, leading analyst at Statistics Estonia, said turnover increased in enterprises engaged in the retail sale of automotive fuel as well as in grocery stores and in…
The Estonian Association of Souvenir Manufacturers and Sellers argues that to ensure the sector’s survival, the support measures applied to the tourism sector must be extended to it, the sector should be compensated for losses caused by the emergency situation and exempted from all taxes until the end of 2021. In a letter to the…