The turnover of retail trade enterprises in Estonia in March totaled EUR 891 million. Compared with March 2021, turnover increased by 18% at constant prices, Statistics Estonia said. The increase in retail trade turnover in March was influenced primarily by stores selling manufactured goods, where turnover increased by 33% YoY, according to Statistics Estonia analyst…
Shipping line Tallink Group doubled its revenue in the first quarter of 2021, though the company’s losses rose by nearly 15%. Tallink Group announced its Q1 results to the stock exchange on April 28, revealing that the Omicron Covid wave and the beginning of the Ukraine war made their impact known on traveler numbers and…
Europe is facing sunflower oil shortages. Similarly to British supermarkets, Lidl likewise imposed purchase limits on cooking oil in its Estonian stores, but had since lifted them. The shortage and price increase on cooking oil, however, has put several Estonian food industry businesses in a bind. Until recently, Lidl had imposed a limit of five…
The Estonian Peat Association has proposed the creation of a strategic peat reserve and compensation for the price difference caused by CO2 quotas. The Ministry of Economic Affairs and Communications said that while producers were free to approach district heating providers, there were no measures for CO2 component compensation. The association wrote in its letter…
The Estonian state-owned Omniva continues to support Ukraine, including by allowing private individuals to mail humanitarian aid packages to Ukraine for free. Its “Glory to Ukraine!” postage stamp, which was released on March 24, has also proven very popular. With a nominal price of EUR 1.90, which means it can be used to send mail…
While recent decisions to end most coronavirus restrictions in Estonia have impacted online shops of major food retailers, volumes have stabilized at a higher level than previously, traders say. Companies invested heavily in e-platforms and home delivery when the coronavirus pandemic started and restrictions were strictest two years ago. E-commerce exploded and even though grocery…
In the first quarter of 2022, the construction price index increased by 4.6% QoQ and by 19.3% YoY, Statistics Estonia said on April 21. In the first quarter of this year, compared with the first quarter of 2021, the construction price index was influenced primarily by the rising cost of materials, which accounted for 86%…