Estonia’s central bank, which forecast 1.5% growth this spring, now expects 0.6% for 2025, but has raised its 2026 outlook from 2.6% to 3.2%. According to the central bank, next year’s economic growth is expected to stem from additional borrowing directed into the economy by the government. The economy’s own growth conditions are forecast to…
Kaspar Oja, an economist at the Bank of Estonia (Eesti Pank), said government sector spending had increased in Estonia as well as in other European countries over the past five years. In Estonia and elsewhere in Eastern Europe, the growth has been sharper, partly because of higher defense spending. In Estonia, government sector expenditures have…
Lithuanian Prime Minister Inga Ruginiene has reiterated her belief that a four-day workweek is part of the future of work, but experts say there is still a long way to go. LRT Brussels correspondent Milda Vilikanskyte noted that the idea of a four-day workweek gained support during the Covid-19 pandemic, when remote work blurred the…
Facing labor shortages, Estonia may soon let companies hire skilled foreign workers in certain sectors outside the country’s strict annual immigration quotas. Under the planned changes to the Aliens Act, sectors facing labor shortages – currently manufacturing, transportation, and warehousing – could more easily hire skilled foreign workers, who must be paid at least 80%…
According to an informational report submitted to the government by the Ministry of Finance titled “On Priority Measures to Be Included in the State Budget Law for 2026, 2027 and 2028”, an additional 565.5 million euros is planned for the government’s set priorities in the 2026 state budget – security, support for families with children,…
Over 90 representatives of German companies participated in an online workshop where they were introduced to investment opportunities in Ukraine. The event, organised by the Ministry of Economy, Environment and Agriculture of Ukraine in collaboration with Germany Trade & Invest and the German Federal Ministry for Economic Affairs and Climate Action, took place on September…
The government has agreed to a 10% wage rise for teachers in 2026. The pay rise is a part of the draft bill for next year’s state budget, agreed by the two coalition parties, Reform and Eesti 200. Rescue Board (Paasteamet) and Police and Border Guard Board (PPA) personnel will also get a 10% rise…