With production down and inflation, people are laid off
In Estonia, consumers have not been able to keep pace with inflation in recent months, and retail sales volumes have started to fall.
In Estonia, consumers have not been able to keep pace with inflation in recent months, and retail sales volumes have started to fall.
Famous for its strict fiscal policy and low debt levels, Estonia is a worldwide proven leader in effective taxation where simplicity is prioritized.
The construction of a magnet factory and R&D centre in Narva will have the capacity to produce magnets made of rare earth metals and recycled ones.
ELWIND has been listed on the first list of green energy cross-border (CB RES) projects under the EU Connecting Europe Facility (CEF).
Estonia has now become a front-runner green power in wind farms. A unique laboratory on the sea will be created near Saaremaa.
Latvia’s recognitions at the last Go Global Awards underline its own achievements through innovations and technological development.
Despite the strong scores in the regulatory and legal frameworks, Estonia has more people unemployed than before the pandemic.
Estonia has to cope with very high inflation and a recession in the second half of the year when the economy will decline by 3%. Perfect economic storm.
The Estonian IT sector is the most competitive in CEE, thanks to its business environment and the implementation of online services.
The culture of knowledge and experience sharing attracts more talent and creates the breeding ground for more innovation and European leadership.