Energy turns on inflation alarm in Estonia
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.
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.
Third largest economy in the EU, with the emission of more than 800 gm of carbon dioxide per euro of GDP, where coal dominates the energy sector, with a 77% share in electricity production.
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.
The 500+ policy seems to have had the political effects desired by the government, rather than solving economic and demographic issues.
According to the government in Vilnius, Belarus is “arming” illegal immigration from Iraq and Syria to be sent across the border to Lithuania.
Estonian GDP decline has actually remained at 3%, thanks to innovative progress in the digitalization of services and milder restrictions.
In the country, which became the fifth European economy with an average GDP of 4% in 2009-19, per capita income grew at a rate of 5.3%.
With consumer demand expected to rise, supply will struggle: businesses face rising commodities prices, lack of components and staff shortages.
In front of a declining population due to ageing and emigration, digital innovation becomes crucial to increasing productivity and living standards.
Bioenergy is playing a key role in Vilnius’ energy supply: about 75% of the heat is produced by burning woody biomass collected on the national territory.