Global tech giants Google and Facebook are swallowing an ever-greater part of the Estonian advertising market. Their share of the market grows by an estimated 10% a year, while the turnovers of local companies stagnate. Raido Raamat, executive manager of agency Media House, said that it was difficult to gauge digital companies’ market share, as…
The European Commission has approved Estonia’s EUR 9.9-million aid plan for tourism companies and sectors directly affected by the coronavirus wave. The plan was approved on the basis of the temporary framework for state aid and the funds would be disbursed in the form of direct payments, according to the European Commission Representation in Estonia.…
According to preliminary data from Statistics Estonia, the country’s gross debt level in 2020 was 18% of the gross domestic product (GDP). The general government deficit was 4.8%. The general government sector comprises three sub-sectors: central government, local governments and social security funds. According to Evelin Ahermaa, an analyst at Statistics Estonia, last year, expenditures…
From March 28, it will be possible to fly from Estonia to Ukraine when flights resume from Tallinn Airport. More destinations will be added to the schedule throughout the summer. The airport said there were currently nine lines operating and a 10th would be added on March 28. Flights can be taken to the following…
In February, the producer price index of industrial output increased by 1% MoMy and by 4.1% YoY. Electricity had the biggest impact. Eveli Sokman, leading analyst at Statistics Estonia, said compared to January, the producer price index was affected the most by increased prices in electricity production and in the manufacture of wood and wood…
Minister of Health and Labor Tanel Kiik (Center) proposed an additional targeted tax during the March 18 cabinet meeting, which would be used to finance the budget of the Estonian Health Insurance Fund. Kiik said that mainly financing healthcare from the social taxes of working people was unsustainable, as the number of people who worked…
The government has approved a bill providing a EUR 641-million supplementary budget aimed at combating the ongoing effects of the coronavirus pandemic, with a focus on the health-care sector, education and local government. The budget is the second of its kind issued in response to the pandemic; last April the previous administration issued an even…