Exports of goods recovered from the spring coronavirus pandemic and remained at approximately the same level in June as in June 2019, according to the state agency Statistics Estonia, though imports fell by 8%. Wood and metal industries were the main driver for the recovery, the agency said. When taken as a whole for the…
The Consumer Price Index (CPI) in Estonia saw a slight negative change YoY in July, state agency Statistics Estonia reported, driven by decreasing electricity and fuel prices, as well as falling rent prices. CPI fell by 0.9% YoY, but remained unchanged on the previous month. Cheaper electricity and fuel was in particular a factor over…
While passenger figures at Tallinn Airport reported for July are only around a quarter of the figure for the same month last year, there has been a threefold growth since June. 75,682 passengers passed through Tallinn Airport in July, three times the figure for June, but approximately 24% of the volume of passengers in July…
Budget Hungarian carrier Wizzair has had to cancel its flights between Tallinn and three major Ukrainian cities after just one day of operation, due to rising reported COVID-19 rates. Wizzair commenced flights between Tallinn and the Ukrainian capital, Kyiv, as well as the cities of Lviv and Kharkiv late last week. Ukraine’s coronavirus rate was…
In June, the turnover of retail trade enterprises was EUR 671 million, data from Statistics Estonia showed. Compared to June 2019, turnover increased by 7% at constant prices. Jaanika Tiigiste, the leading analyst at Statistics Estonia, said the turnover of stores selling manufactured goods, which fell in April and May, turned around in June, increasing…
A study carried out by credit management service company Intrum showed that 65% of Estonians reduced their daily expenses due to the COVID-19 pandemic, which was the highest figure in Europe. However, the Estonian retail sector has shown signs of rapid recovery. Estonia was the clear leader in the ranking. The country was followed by…
The government is expecting a 3% budget deficit due to the impact of the coronavirus and the crisis, which followed it, Dmitri Jegorov, undersecretary of Tax and Customs Policy at the Ministry of Finance, has said. Jegorov said: “We reckon with a fall of 3% in the government sector, which means hundreds of millions of…