The industrial producer price index rose by 31.8% YoY in April, state agency Statistics Estonia sais. Leading analyst at Statistics Estonia Eveli Sokman said: “Prices rose by 22.5% in manufacturing as a whole, and the price increase in the manufacture of food products was 18.5%.” Compared with April last year, the index was primarily influenced…
The market value of the volume of Estonia’s stabilization reserve shrank by EUR 3.6 million last year, to land on EUR 428 million in March, a Finance Ministry report suggested. The market value in volume of the stabilization reserve for use in crisis situations was EUR 427,686,221 in late March, down by EUR 3.58 million…
The production costs of domestic tomatoes and cucumbers have increased by several dozen percent. The sale price of cucumbers, however, has decreased, and initially high tomato prices have returned to last year’s level. Even if producers want to increase prices, they can’t, as consumers wouldn’t be able to afford them anymore. Parnu County’s Voiste Aiand…
A drop in passenger rail traffic was recorded during the COVID-19 pandemic, when related restrictions were imposed throughout Estonia. In mid-March, however, the government began walking these restrictions back, and rail ridership began to see an increase again. “It’s possible that a few weeks ago there were still somewhat fewer riders than in 2019, but…
Average monthly gross income rose by EUR 92 (+6.7%), to EUR 1,475 per employee in 2021, state agency Statistics Estonia reported. Gross income also continued to rise as 2021 progressed. Statistics Estonia analyst Greta Tischler noted that the highest average income was once again earned in municipalities of Harju County, principally those which made up…
This week’s E-smaspaev, Estonia’s semiannual version of Cyber Monday, boosted one-day online shopping turnover more than threefold, according to overviews by payment solutions providers Maksekeskus and Montonio. While people in Estonia typically spend some EUR 5-7 million per day shopping online, on May 9, they spent EUR 15-21 million buying from online stores, Estonian E-Commerce…
While construction of the temporary control line between Estonia and Russia is progressing as planned, the state will have to take increases in construction costs into account when building out successive stages of the border. The price of delay fencing alone has doubled, and procurement thereof has gotten increasingly difficult. The first, 23.5-kilometer section of…