Estonia

Estonia’s budget expenses to rise by almost €1 billion more than revenues in 2026

September 23, 2025

Estonia’s state budget will increase by 9.4 percent – €1.8 billion – next year to €20.9 billion, figures from the Ministry of Finance show. Almost half of the additional money [..]

Estonia

Estonian interest rates on housing loans declining

October 29, 2024

The average interest rate on new housing loans issued to households with collateral, not including renegotiated contacts, was 4.77% in September, which was 0.25% lower than a month previously and [..]

Guardian

AS Terminal: Unlawful state aid distorting Estonia’s fuel market

September 4, 2024

Fuel seller AS Terminal turned to the European Commission last month, requesting an investigation into unlawful state aid provided by the Estonian government, which has allegedly harmed competition in the [..]

Estonia

Wage rally continuing in Estonian startup sector – in the 1H reached 3,609 euros

August 15, 2024

According to the data of Startup Estonia and Statistics Estonia, the average gross salary of people working in the startup sector in the first half of this year reached 3,609 [..]

Estonia

Estonian telecom industry opposes plan to impose additional tax on telecom companies

August 14, 2024

The Estonian Association of Information Technology and Telecommunications (ITL) considers the plan to introduce a new special fee for telecommunications companies, with which it is planned to finance the increase [..]

Estonia

Increase in wage offers continued in Estonia in Q2

August 13, 2024

The average gross salary range offered in job advertisements in Estonia in the second quarter of 2024 was from 1,633 to 2,142 euros a month, 12 percent higher than during [..]

Estonia

Estonia’s Elektrilevi increasing network fees despite high profits

July 8, 2024

Estonia’s state-owned power distribution network operator Elektrilevi announced a significant increase in network charges, despite the company generating substantial profits, and the needs for the additional funds remain unclear, Postimees [..]

Estonia

Swedbank: Some 38,000 people in Estonia have increased 2nd pillar contributions

July 5, 2024

During the first half of 2024, almost 38,000 people in Estonia submitted applications to increase their monthly contributions to the second pension pillar from next year. More than half of [..]

Estonia

Estonian tax authority: Cash-in-hand pay should be declared too

May 29, 2024

In the context of the findings of a recent poll by the job portal CV. ee, according to which a large percentage of residents is ready to do additional seasonal [..]

Estonia

Survey: Many in Estonia willing to do extra seasonal work without paying tax

May 29, 2024

An express survey of the Estonian labor market carried out by the job portal CV.ee shows that nearly 30 percent of those surveyed have done or are willing to do [..]

Estonia

Ministry tasked with drafting plan for Nordica’s privatization in 3 months

April 11, 2024

Estonian Prime Minister Kaja Kallas said at the government’s press conference on Thursday that the Ministry of Climate has been given a task to prepare, within the next three months, [..]

Estonia

SEB survey: Financial situation of nearly half of Estonian residents has deteriorated

March 1, 2024

Over the past 12 months, the financial situation of almost half, or 45 percent, of the residents of Estonia has worsened, it appears from the results of a financial security [..]

Estonia

Agencies report record interest in job offers in Estonia in 2023 – 73 % of employees are open to job offers

January 19, 2024

There was record high interest in job ads in Estonia last year, with more than two in three employees open to job offers, a survey of more than 8,100 employees [..]

Interviews

Retail trade 2024: hyperinflation may be over, but prices will continue to rise in Estonia – Kristjan Anderson, Selver AS

January 16, 2024

Journalist’s Ain Alvela interview with Selver AS Business Accounting Manager Kristjan Anderson. The sales volume of Estonian groceries has been on a downward trend since March 2022, turnover at current [..]

Estonia

LHV expert: Rising deposit rates have led Estonian residents to cut consumption

January 5, 2024

Heido Vitsur, expert at LHV, said in his comments on retail data for November that the rise in interest rates on term deposits in banks to to 4-4.5 percent has [..]

Estonia

Parlt discusses ways for bringing Estonian economy out of crisis

October 26, 2023

The Riigikogu discussed on Thursday reviving the economy from the present crisis as a matter of great national importance, initiated by the opposition Estonian Conservative People’s Party (EKRE) group. Jaano [..]

Estonia

MP: Car tax to lead to rise in average age of vehicles in Estonia

October 10, 2023

Opposition Center Party MP Lauri Laats said in a press release on Monday that the introduction of the car tax will encourage more and more end-of-life vehicles appearing on Estonia’s [..]

Estonia

Economic forecasts anticipating 2 pct GDP decline for Estonia this year

September 29, 2023

Estonia’s major economic forecasts for this year predict a gross domestic product (GDP) decline of around 2 percent. According to the most recent economic forecast by the Bank of Estonia, [..]

Opinions

Governor of Eesti Pank: the economy is going to recover slowly

September 28, 2023

Governor Madis Müller says a quick recovery in Estonian economy is not to be expected, as purchasing power is improving at a slow pace in both domestic and foreign markets. [..]