Retail turnover increased by 6% YoY in November 2020, state agency Statistics Estonia reported. Statistics Estonia said retail trade turnover stood at EUR 655 million in November 2020. Turnover for stores selling predominantly computers and their accessories, books, sports equipment, games, toys and other specialized stores saw the highest rise in for any sector –…
Estonia was among the top three European Union countries for percentage of household spend on food in 2019, according to a recent survey. The survey, conducted by the EU’s own statistical office, Eurostat, found that Estonian households spent 19.3% of their total outgoings on food products and non-alcoholic beverages in 2019, compared with an EU…
The defense budget for 2021 will amount to 2.3% of the Gross Domestic Product, the highest level since restoration of independence. The rise is partly the result of weapon systems procured late this year, including coastal missile systems. The nominal minimum domestic defense spend required of NATO members is 2% of GDP per annum. The…
The Tallinn city government has agreed to extend rent discounts for businesses operating on city-owned premises in the city center until April 30, 2021 and to make the discount of up to 80% available also to tenants of commercial premises outside the city center. Under the measure, a rent discount of 80% is available from…
Forty companies involved in food processing are the latest recipients of state aid prompted by the effects of the coronavirus pandemic. The companies will between them receive EUR 523,900 in aid, channeled via the Agricultural Registers and Information Board (PRIA), as a component of the already-budgeted rural development plan for 2014-2020. PRIA falls under the…
Tallinn city council has approved the city’s budget strategy for the period of 2021-2024 with a budget of EUR 861.5 million for 2021. The chairman of the council, Tiit Terik, said that the aim of the budget was to make sure that all residents of the city coped well regardless of their age and all…
Estonian transport company Bolt has raised EUR 150 million in its biggest investment round ever. With the support of the investment round, led by D1 Capital Partners with participation also from Darsana Capital Partners, the company plans to develop the security of its services and continue to expand its ride-sharing, food delivery and light-duty electric…