In August, the producer price index of industrial output increased by 1.1% MoM, but decreased by 2.2% YoY, data from Statistics Estonia shoed. Leading analyst at Statistics Estonia Eveli Sokman said, in August, compared to July, the producer price index was affected primarily by price increase in electricity supply. “Price decreases in the manufacture of…
As part of Ida-Viru County’s plans for transition to a sustainable economy, Estonia’s state-owned energy group Eesti Energia is seeking to build a methanol production complex in the county with an estimated cost of EUR 280 million. In an overview of Eesti Energia’s development projects sent to Minister of Public Administration Jaak Aab (Center), Minister…
More than 56% of the population made an online purchase in the last three months and spending has increased. More than half of companies, which use the Internet, are using paid-for cloud services. Newly released data from Statistics Estonia showed that 56.5% of the population aged 16-74 used e-commerce in the last three months. Compared…
Tartu has generated EUR 800,000 less income than its expenditures over the period of January-August and has reported a total revenue of EUR 124.7 million, the city’s government says, representing 71% of the amount budgeted for the year. The largest single item, at EUR 60.6-million revenue over the eight-month period, was personal income tax. The…
SEB has seen a 40% fall in the number of grace periods it has granted to loan clients since early summer, largely as a result of a fall in applications as economic part-recovery began through summer, after the coronavirus emergency situation ended. Clients can still apply for grace periods, through to late September. Grace periods…
The 2021 state budget will run a deficit and contain no major cuts, the government has announced after two days’ discussion. The talks have not yet led to anything concrete yet, however, though the state is projected to be running a deficit at least till 2024. Following the meetings held at Sagadi manor in Laane-Viru…
Minister of Economic Affairs and Infrastructure Taavi Aasa (Center) said the railway line from Haapsalu to Rohukula in western Estonia could be completed until 2026. It will cost an estimated EUR 100 million to complete. Eesti Raudtee has announced the design procurement of the next section of the Haapsalu railway from Turba to Ellamaa. The…