According to Statistics Estonia (Statistikaamet), the consumer price index for October dropped by 0.5% MoM and by 1.5% YoY. Statistics Estonia analyst Viktoria Trasanov said that compared to October 2019, the consumer price index was affected the most by price decreases of motor fuel and plane tickets. “Diesel fuel prices dropped by 28.3% and gasoline…
Traveler numbers in Tallinn Airport in October were down to a tenth of what they were in 2019 with the number of flights from Estonia also down drastically, having reached a third of pre-crisis levels. In addition, air traffic services are set to lay off a quarter of their employees until year’s end. Recent increases…
Prime Minister Juri Ratas and representatives of startups discussed foreign workers, how they should be welcome in Estonia and labor legislation. Ratas (Center) said startups and the IT sector more broadly had enormous growth potential and a focus on offering high value-added products. “As almost a quarter of the staff in this sector are foreigners,…
Governor of the Bank of Estonia Madis Muller said one of Estonia’s largest fiscal challenges in recovering from the coronavirus economical crisis was the allocation of EUR 1.5 billion in European Union support measures between investment objects. Estonia is set to receive more than EUR 1.5 billion in funds from the European Union recovery fund,…
The turnover of retail trade enterprises in September was EUR 643 million, up by 6% YoY, with pricing being constant, according to Statistics Estonia (Statistikaamet). Jaanika Tiigiste, a leading analyst at Statistics Estonia, noted that turnover in September saw a larger increase than August. “In September, turnover growth was driven mostly by stores selling manufactured…
Assets declined by 3% or by EUR 4.34 million, in the second quarter of 2020, the Bank of Estonia said, despite the aggregate balance sheet of savings and loan associations increasing during that time. Q2 bore the brunt of the coronavirus pandemic so far. Assets grew by 1% or by EUR 1.43 million in Q3,…
One in five businesses have serious deficiencies relating to their tax situation, the Tax and Customs Board (MTA) says. Additionally, another 20% have some issues. The MTA adds that over half of businesses have their affairs fully in order, so far as the authority is concerned. The board issues guidance on how to remedy this…