The turnover of retail trade enterprises increased by 2% YoY in July, according to Statistics Estonia. The increase in July at constant prices led to a retail trade enterprises turnover of EUR 624.1 million. If seasonally and working-day adjusted data is taken into account however, the increase stood at 1%. The breakdown is as follows:…
According to Statistics Estonia, in the second quarter of 2018 the total profit of the business sector was EUR 726 million, down by 12% YoY. Compared to the second quarter of 2017 the total profit decreased in most economic activities. Trade, agriculture, forestry and fishing, and information and communication enterprises contributed the most to the…
The new Haabersti junction in Tallinn formally opened on August 28. Ranking as one of the biggest road intersections in western Tallinn and located close to the Rocca Al Mare shopping center, work had been in progress on the junction since April 2017, including the building of a flyover to replace the existing, outdated ground…
According to Statistics Estonia, the total domestic and international production of Estonian construction enterprises increased by 20% in the second quarter of 2018. Taking into account only the Estonian construction market, construction volume increased by 22%. The production value of construction enterprises amounted to EUR 767 million, of which the production value of building construction…
CEO of Estonian ferry company Tallink Grupp Paavo Nogene has voiced his opposition to the “tourism tax” proposed by Tallinn City Council chief Mihhail Kolvart, on the grounds that it would cause too many difficulties in the sector. Kolvart announced his support for a small tourism tax, which could potentially bring in millions of euros,…
One third of Estonian residents rate their economic situation as good or very good, and as many as 90% consider it to be at least satisfactory, according to the results of a recent survey conducted by Kantar Emor. Of Southern Estonian residents, however, one in five, including 16% of pensioners, consider their economic situation to…
In the first seven months of 2018 Estonian ports handled 21.1 million tons of cargo, up by 2.7% YoY, according to the data provided by Statistics Estonia. The loading of goods increased by 5.2% YoY, to 14.5 million tons, while unloading declined by 2.2%, to 6.6 million tons. Goods loaded onto ships in July amounted…