Beer sales on Estonia’s northern border increased 2.2-fold YoY in July, according to the Estonian Breweries Association. Last month beer sales across Estonia increased approximately by 45%, while the sale of cider and other low-alcohol by volume (ABV) beverages rose by 37%, the association said. Beer producers’ July sales figures indicate that the Estonian market…
According to information released by Statistics Estonia, the turnover of retail trade enterprises in June increased by 3% YoY at constant prices, to EUR 635 million. The turnover of stores selling manufactured goods increased by 4%. Turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling textiles, clothing…
Estonian carrier Regional Jet, which is owned by Estonian state-owned airline Nordica and LOT Polish Airlines, achieved a better than expected zero result for 2018, with turnover increasing by 80% YoY, to EUR 68 million. “I am really impressed with how our organization has developed all these new businesses in such a short period of…
The average interest rate on housing loans in Estonia was 2.6% and the average rate for corporate loans 2.9% in June, which might indicate reduced competition in some segments of the loan market, Bank of Estonia economist Raido Kraavik said in the central bank’s statement on June banking sector statistics. The average rate of 2.6%…
AS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed a loan agreement in the amount of EUR 197.6 million to finance the new EUR 247-million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy, Tallink Grupp says in a press release. The loan is arranged and long term…
Inflation was 2.4% YoY to June 2019, Statistics Estonia reports. Services saw a higher Consumer Price Index (CPI) rise than goods, 3.5%, compared with 1.8%. Regulated prices of goods and services rose by 0.8% and non-regulated prices by 2.9%. CPI rises were affected the most by food and non-alcoholic beverages, which comprised nearly 30% of…
Lux Express has bought 20 new Scania buses, investing some EUR 7 million in their new rolling stock, and is planning to increase trip numbers on the Estonian domestic as well as the international market. In Estonia, the company intends to focus on Tartu in the second half of the year. Passenger numbers to and…