Boosted by sales of mineral fuels and electricity, Estonia’s imports and exports reached a record high in March, growing by more than 30% YoY, data from Statistics Estonia showed. In March, exports increased by 35% and imports by 31% compared to March 2021. Compared to the first quarter of last year, exports grew by 30%…
Home-loans for real estate outside Tallinn and its environs have risen slightly in overall share, Swedbank reports. While the majority (nearly two-thirds, at 60%) of total home-loans issued by Swedbank for the purchase of property in Estonia are for real estate in Tallinn and Harju County, this is still slightly down on the 63% share…
The consumer price index grew by 18.8% YoY in April, with price advance faster than in decades. Housing expenses contributed the most, Statistics Estonia reported. According to Statistics Estonia, in April, the consumer price index increased by 3.6% MoM and by 18.8% YoY. Goods were 14.4% and services 27.8% more expensive than in April last…
Unions in Estonia want the monthly minimum wage to be hiked extraordinarily, to EUR 700, citing inflation and high energy prices. Employers are more lukewarm about the idea. The current minimum wage per month is EUR 654, set at the end of last year. The Confederation of Trade Unions (Ametiuhingute keskliit) made its proposal to…
The largest tax bill owed following the deadline for filing the past tax year’s declaration has come to EUR 1.7 million, a Tax and Customs Board (MTA) spokesperson said, while the largest rebate came to EUR 13,000. The deadline for filing was May 2. Over 730,000 people submitted their income tax returns to the Tax…
According to Statistics Estonia, in March, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, by 5.2% in mining and by 21.3% in energy production. According to Helle Bunder, analyst at Statistics Estonia, production volumes increased in most…
When the full-scale invasion of Ukraine began on February 24, people in Estonia responded with great zeal and donations poured in. With the war now in its third month, donors’ drive has begun to lose momentum, however help is still needed in Ukraine. Luhansk, Donetsk and Kharkiv regions are the parts of Ukraine currently in…