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The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, fell by 1.0% in July 2023 compared with June and by 3.2% compared with July last year.
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In the third quarter, the construction price index was again boosted by the rising prices of materials
Date 21.10.2021
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According to Statistics Estonia, in the third quarter of 2021, the construction price index increased by 5.1% compared to the second quarter and by 11.8% compared to the third quarter of 2020.
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Innovation refers to the launch of a new or significantly improved product or service or the introduction of a new business process. The aim of innovation is to create value and gain a competitive advantage, which will benefit the enterprise’s development and increase productivity, simultaneously contributing to economic growth. Product or process innovation can involve the application of new technological solutions, a new combination of existing technologies or the application of the knowledge available to the enterprise. However, innovation may not always result in the launch of a new
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