ELWIND: Made in Baltic wind to turn off energy costs
The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.
The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.
Energy prices are 22% higher and inflation will be maintained in the coming months by rising prices on the global market for raw materials and imported goods.
Already in 2012, Estonia’s 1.3 million residents could use electronic ID cards to vote, pay taxes and access more than 160 online services.
Estonian GDP decline has actually remained at 3%, thanks to innovative progress in the digitalization of services and milder restrictions.
Despite the employment rate among 15- to 64-year-olds at 75.2%, the country faces a shrinking workforce and regional disparities.
While the reduction in foreign demand was responsible for two-thirds of the 2020 recession, industry and ICT will rebound this year.
Digitalisation is a tool to simplify life: at the heart it’s the trust in the institutions and the conviction that everyone will reap its benefits.
Tallinn’s GDP will fall by 4.5%, while in 2021-22 will recover with the rebound in private consumption and investment. Public debt remains the lowest in the EU.
A little bit of history: shock therapy impact and perspective.
Introduction. Reason, attraction & goal: what to look for, and why?