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Producer price index of industrial output continues to rise

Kuupäev 20.06.2022
Article
In May 2022, 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, increased by 3.1% compared to April 2022 and by 33.7% compared to May 2021.

Excessive Deficit Procedure (EDP)

Basic page
Article 104 of The Treaty establishing the European Community comprises a commitment for the EU Member States to avoid excessive budgetary deficits. In particular, Member States shall comply with budgetary discipline by respecting two criteria defined in the Annex to the Treaty, the Protocol no 20 on the excessive deficit procedure. The reference values not to be exceeded are: 3% for the ratio of the public deficit to the GDP at market prices 60% for the ratio of the public debt to the GDP at market prices Article 104 also sets out a procedure, known as Excessive Deficit Procedure, to be

Internal trade

Area
Considering the turnover, internal trade is the largest economic activity in Estonia. It covers wholesale and retail trade as well as repair of motor vehicles and motorcycles. Internal trade is closely connected with other activities – goods that people buy in shops or on the internet come from factories, craftsmen and farmers. The goods are carried by transport enterprises. Consumption of products made in Estonia supports local business, and also means that the goods are delivered to consumers in the most cost-effective way. Statistics Estonia publishes the following data for trade

Last year, the number of foreign tourists fell to the level of 1997, while domestic tourism set a record

Kuupäev 10.02.2022
Article
According to Statistics Estonia, in 2021, Estonian accommodation establishments served over two million tourists, which is 8% more than in 2020, but 44% less than in 2019. The number of domestic tourists increased, while the number of foreign tourists decreased.

The number of foreign tourists rose substantially in March

Kuupäev 09.05.2022
Article
According to Statistics Estonia, in March 2022, Estonian accommodation establishments served over 192,000 tourists, which is 276% more than in March last year. The numbers of domestic tourists and foreign tourists* both increased.

Industrial producer price index rose by nearly 25% year on year

Kuupäev 20.01.2022
Article
In December 2021, 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, increased by 24.7% compared to December 2020 and by 5.3% compared to November 2021.

The volume of industrial production grew by 6.4% last year

Kuupäev 02.02.2022
Article
According to Statistics Estonia, the total production of industrial enterprises in 2021 was 6.4% bigger than the year before. Of the three main industrial sectors, production increased by 19.2% in energy production and by 6.4% in manufacturing but decreased by 15.7% in mining.

In February, the number of tourists grew by 70%

Kuupäev 08.04.2022
Article
According to Statistics Estonia, in February 2022, Estonian accommodation establishments served nearly 170,000 tourists, which is 70% more than in February last year. The numbers of domestic tourists and foreign tourists both increased.

Wages and salaries and labour costs

Area
For work, people receive pay, or wages and salaries, which is agreed compensation for fulfilling work tasks. In addition to the sum that the employer pays to the employee, the employer pays labour taxes on that sum, which together with the wages constitute labour costs. Wages are an important source of income, and their main purpose is to cover expenses on dwelling, food, transportation and other basic needs. This is why the law regulates the minimum an employee could be paid for full-time work. The minimum wage is set to protect the well-being of employees. The statistics on wages and