Thanks to Europe reopening partially after the restrictions on travel brought about by the coronavirus crisis, Finland and Estonia are now closer than ever: a record number of vessels is shuttling between the two countries, and people can now travel to such destinations, as Tallinn, Muuga and everyone’s favorite Saaremaa, as new departures Turku and…
In May, the producer price index of industrial output increased by 0.1% MoM, but decreased by 3.9% YoY, Statistics Estonia (Statistikaamet) reported. Compared to April, the export price index increased by 0.4%. The prices of electricity, chemical products and beverages increased the most, while the prices of parts and accessories for motor vehicles, textile products…
The Dwelling Price Index, which reflected changes in property prices in Estonia, rose by 11.5% YoY to the first quarter of 2020, the highest rise in five-and-a-half years, Statistics Estonia reported. Apartment prices rose by 11.3% and house prices by 11.7%, over the same period, the agency reported, with the biggest increases coming in the…
The Estonian state needs an estimated EUR 3.87 billion for 2020 and a further EUR 1.2 billion for 2021, the treasury (Riigikassa) has announced, following an outline of changes on how the state’s cash-flow will be managed going forward and in the wake of the coronavirus pandemic and its economic fallout. The debt requirements of…
Major shippers operating between Tallinn and Helsinki are predicting a rapid increase in travel from Finland to Estonia. Tallink Silja CEO Margus Schults said that tickets to Tallinn had been available for sale since the beginning of June, but now the company had the opportunity to actively market them as well. Viking Line has likewise…
According to an economic growth forecast issued by the Bank of Estonia, the Estonian economy is expected to see a negative economic growth of 10% YoY this year due to the global coronavirus pandemic – but only if new restrictions are not introduced. According to the central bank, the economy will not see pre-crisis levels…
Imports fell by 22% YoY in April, with exports falling by 17%, Statistics Estonia reported. The larger fall in imports offset the balance of trade, the agency said. Estonia’s exports of goods amounted to EUR 1.02 billion and imports to EUR 1.09 billion at current prices. The trade deficit stood at EUR 61 million, down…