Who are poorer than Estonians?

The level of relative poverty in Estonia is 19.5 pct according to the data of Statistics Estonia in 2006, but in a number of developed countries the level of relative poverty is even higher, aripaev.ee quotes Russian business newspaper Delovõje Vedomosti.

There are two types of poverty – relative poverty, determined by comparing the incomes of [...]

Retail sales decreased during the year

According to Statistics Estonia, in June the retail sales of goods of retail trade enterprises were 4.8 billion kroons — in constant prices 7% less than a year ago.

In grocery stores the retail sales decreased 3% compared with June of the previous year. The decrease in sales was essentially influenced by a rapid growth in [...]

In June the industrial production was smaller than a year ago

According to Statistics Estonia, in June 2008 industrial production increased compared to May but decreased compared to June of the previous year.
In June, the seasonally adjusted industrial production of Estonia increased 2% compared to May.
In comparison with June of the previous year, industrial production decreased 5%. The decrease in production was essentially affected by a [...]

Estonian farmers don’t like the compulsory insurance

According to the Estonian Insurance Association, the agricultural insurance support, which was forced through by European Commission, could only work in case of validating the compulsory insurance for farmers.
This way it would be bearable for the insurance companies to handle such activities, Andres Piirsalu, the member of the management board of Estonian Insurance Association, told [...]

Food basket more expensive in Tallinn than in New York

Newyorkers have to pay less for the chicken filet, eggs, cheese, orange juice and other food products than Tallinners, the price comparison shows.
According to Statistics Estonia, minimum gross wage in Estonia amounts EUR 278 (EEK 4,348), in US EUR 696 (EEK 10,855), SL Õhtuleht mediates Ilta-Sanomat.
The prices in Tallinn are also beaten by the prices [...]

Entrepreneurs coming short of working capital

Within the first six months of the current year, entrepreneurs have borrowed 328 million EEK from banks using KredEx loan guarantee. 209 guarantee applications have been made, of which 167 have turned into agreements.
KredEx guarantee is mostly used for obtaining investment loans from banks. Investment loans constitute 51% of the amount of guarantees issued within [...]

Cross-border energy flows up considerably in the 2nd Q

According to OÜ Põhivõrk (Main Grid), a subsidiary of the Eesti Energia (Estonian Electricity) power utility, the amounts of electricity transferred within the country stayed at the previous year’s level in Q2 this year, but cross-border energy flows increased considerably.
In Q2 this year 1,701 gigawatt-hours of electricity was transferred domestically in the main grid. Compared [...]

Global Property Guide compares Estonian real estate to other markets

http://www.globalpropertyguide.com/Europe/Estonia
Estonia leads the House Price Changes table, 5 Yrs (%) – Estonia Compared to Continent acording to
http://www.globalpropertyguide.com/Europe/Estonia/price-change-5-years

Baltic ports compete over the Russian transit

Due to the Russian economic growth and increasing transit with EU, the container shipment in the Blatic region will grow several times. Latvia already is preparing for the increasing cargo volumes, Estonia is developing transit collaboration with China. 
Even though Russia is strongly trying to develop its ports, the Baltic ports have an important role as cargo [...]

Buyers from St. Petersburg push up apartment prices in Narva-Jõesuu

The most expensive apartments in Northeast Estonia are in Narva-Jõesuu. 
Eesti Päevaleht writes with reference to city24.ee that the reason why apartment prices in Narva-Jõesuu have been growing is buyers from the nearby St. Petersburg who have been purchasing property in the quiet resort.
 
According to city24.ee, the most expensive apartment on sale at present in Northeast [...]