The government decided on March 19 to launch a EUR 2-billion package of measures to boost the economy and mitigate the effects of the crisis caused by the coronavirus, Prime Minister Juri Ratas (Center) said. “The members of the government gave their approval to a package of measures of EUR 2 billion, which represented nearly…
Several supermarket chains across Estonia have reduced their opening hours to help stop the spread of the coronavirus (COVID-19) and have introduced measures to limit the exposure of their staff. All Rimi stores across Estonia will be open from 10 a.m. to 9 p.m., the retailer has announced. “We have made the decision to reduce…
Approximately 80 workers will be made redundant when AS Kunda Nordic Tsement cement company stops producing clinker later this month. The decision was taken by the supervisory board after a surge in the price of CO2 emissions. The plant in Laane-Viru County uses old production technology, which creates a relatively high level of carbon emissions.…
In connection with the novel coronavirus outbreak in Estonia, online stores are seeing a significant increase in orders. Barbora, the online store owned by retailer Maxima Group, is also now offering contactless home delivery to its customers in order to combat the spread of the virus. If a customer has chosen contactless delivery at online…
The aim of the government’s economic policy to deal with coronavirus should be to prevent a wave of bankruptcies among companies and a rise in unemployment caused by temporary problems, the Bank of Estonia said in a report released on March 12. “The economic policy objective of mitigating the impact of the virus is to…
Imports of goods rose by 9% YoY, in January, whereas exports fell by 1%, according to new figures from government agency Statistics Estonia. While overall exports declined, there was an increase in the exports of agricultural products and food preparations, and in particular, cereals, Statistics Estonia said. Estonia’s exports of goods amounted to EUR 1.14…
Production decreased by 11% in January compared to the previous year and in most areas of industry, data released by Statistics Estonia showed. Electricity and heat production saw the largest declines. Compared to January 2019, the production of electricity decreased by 59% and the production of heat by 25%. Compared to January 2019, the total…