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In June, the increase in industrial production continued

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According to Statistics Estonia, in June 2014, the production of industrial enterprises rose 1% compared to June of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.

In July industrial production increased

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According to Statistics Estonia, in July 2014, the production of industrial enterprises rose 2% compared to July of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.

Electricity production decreased last year

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According to Statistics Estonia, in 2014, the production of electricity totalled 12.4 terawatt-hours, which is over 6% less than in the previous year. Electricity production  from renewable sources increased nearly 13% compared to 2013.

8. Decent Work and Economic Growth

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The focus of the global goal “Decent Work and Economic Growth” is to ensure sustainable and environmentally friendly economic growth that would not involve excessive and unsustainable use of resources. Sustainable economic growth helps people escape poverty and find employment. The 2030 Agenda sets a target to achieve higher economic productivity, using diversification, technological upgrades and innovation, and focusing among else on sectors that have high value added and are labour-intensive. It is also expected that governments support the creation of decent jobs, entrepreneurship

In February industrial production remained on the level of the previous year

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According to Statistics Estonia, in February 2014, the production of industrial enterprises did not change compared to February of the previous year. The production in manufacturing and mining increased, while the production in energy decreased.

Excessive Deficit Procedure (EDP)

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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