According to information released by Statistics Estonia, in November 2018, the exports of goods increased by 18% and imports by 15% YoY. The trade deficit was EUR 56 million, dropping under EUR 60 million for the first time since January 2015. In November 2018, the top destination countries of Estonia’s exports were Finland (15% of…
According to the information released by Statistics Estonia morning, the production of industrial enterprises increased by 8% YoY in November 2018, with production increasing in manufacturing and energy, but decreasing in mining. Total production in manufacturing in November 2018 increased by 8%, with over half of all industry branches exceeding its 2017 November volumes. This…
According to information released by Statistics Estonia, in November 2018, the turnover of retail trade enterprises totaled EUR 604 million, accelerating from 3% growth YoY in October to 5% growth at constant prices. The turnover of stores selling manufactured goods increased by 10% YoY. Turnover increased in most economic activities, except in stores selling second-hand…
On December 25, 2018 the vessel Baltic Princess brought Finnish tourists on a Christmas-themed cruise to enjoy the Christmas Spirit in Tallinn, the Port of Tallinn says in a press release. “Winter cruises are a good opportunity to enjoy besides the usual sights of Tallinn, several Christmas-themed activities and explore the Estonian Christmas season customs,”…
According to a press release by SEB, purchases made on the websites of Estonian online retailers increased by almost 70% in volume over the first three quarters of 2018. Thrown in together, purchases made using cards as well as online increased in volume by some 30% this year as well. The trend is in line…
Construction of the Turba-Haapsalu-Rohukula railway is to cost approximately EUR 65 million, the Ministry of Economic Affairs and Communications estimates. In May 2017, the Estonian government decided to finance with EUR 7.6 million the first stage of the Haapsalu railway, connecting Riisipere to Turba; this stage is to be completed next year. It appears from…
Inflation in Estonia was registered at 3.2% in November, placing it among the three EU member states with the highest inflation last month. The annual inflation rate of the euro area was down by 0.3%, to 1.9% in November, while inflation among EU member states was down by 0.2%, to 2%. The annual rate of…