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.
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%.
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.
Last year Poland recorded current account surpluses in each month, accounting for 18.4 billion euros. But retail sales fell 6.0% YoY in January.