Residents of Tallinn already as rich as average Finns

While Prime Minister Andrus Ansip keeps telling everyone about his dream to make Estonian state one of the five richest countries in Europe in 15 years, this has already become reality in Tallinn, writes Äripäev.

The paper has calculated that in terms of per capita purchasing power parity, GDP in Tallinn could already have caught up with Germany and Finland.

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Value of agricultural production totals 886 MEUR in 2012

According to preliminary data for 2012, the value of Estonia’s agricultural production increased by nearly a tenth, amounting to 885.8 million euros, it appears from the annual overview of the agricultural sector presented at the Ministry of Agriculture on Monday.

In the output of the sector, the share of crop farming increased and that of animal farming decreased, with production value growing 16% in crop farming and 5% in animal farming, the ministry said. Subsidies related to crop and animal farming production made up 3.9 million euros or less than half a percentage point of the total production value.

“There are challenges enough facing both producers and processors, because it is necessary to raise the efficiency of production and give more value added to the output,” Minister of Agriculture Helir-Valdor Seeder said. “Value has to be added to Estonia’s agricultural production to the maximum possible extent in Estonia and then export markets have to be found for the ready-to-use products.”

In crop farming the value of cereal production increased the most last year, by 37%, which was primarily due to the producer price rise. The biggest decline, 17%, was recorded in the value of potato production, but potato output and producer price also decreased, the former by 10% and the latter by 8%.

In animal farming production value grew the most in cattle and in sheep and goat farming, respectively by 43% and 32%. Milk accounts for more than half of the total production of animal farming. The volume of production increased last year but owing to a drop in producer prices the overall production value declined by 2%.

Gross value added of the agricultural sector was nearly 346 million euros, up by 11% in annual comparison. Export of agricultural products continued growing last year, increasing by 14% year-on-year.

Source: Estonian Review