A price comparison of Estonian and Finnish food products made by Helsingin Sanomat revealed that food is already more expensive here than in Finland. At the same time, the wages of Estonians amount to only half of those of the Finns. It is known that Estonia has the fastest inflationContinue Reading
According to the economic affairs minister, Finns must brace themselves for wartime pricing. People in Finland must be prepared for wartime pricing of products and services, Minister of Economic Affairs Mika Lintilä (Cen) said in an Yle interview on Saturday. He warned that the price tag for a standard basketContinue Reading
Minister of Finance Annika Saarikko has announced a series of temporary measures aimed at easing the impact of higher energy costs. The Finnish government has outlined a series of temporary measures in response to rising energy prices. Minister of Finance Annika Saarikko (Cen) told a press conference that the mostContinue Reading
China’s General Administration of Customs on Wednesday officially notified Lithuania on the country’s decision to suspend imports of beef, dairy products and beer, Lithuania’s State Food and Veterinary Service told BNS. Mantas Staskevicius, head of the SFVS, says Lithuania suspended exports of animal products to China last fall after businessesContinue Reading
The influence of the price of natural gas on consumption may be evaluated after some time, says gas transmission system operator Gaso chairman of the board Ilze Pētersone-Godmane. She said currently there is information both about multiple legal persons considering restricting production and how residents are trying to save moneyContinue Reading
The Lithuanian government will propose to temporarily apply a zero VAT rate to district heating for households as heating bills have soared to record highs this season, Finance Minister Gintare Skaiste said on Tuesday. The measure would cost the state budget around 23 million euros. “The current reduced 9 percentContinue Reading
Gas prices across Estonia were a few cents cheaper on Monday morning after Estonia’s biggest fuel retailers reacted to the fall of global oil prices last week. The price of Premium 98 is now €1.597 per liter at most gas stations and €1.547 for Premium 95. The price of a liter of dieselContinue Reading
In October 2021, the producer price index of industrial output increased by 19 percent compared to October 2020, data from Statistics Estonia show. It decreased by 0.1 percent compared to September. The index shows the changes in the producer prices of industrial goods manufactured in Estonia for the domestic marketContinue Reading
The price of heat in the capital will jump by 65.5 percent from December after energy group Utilitas were allowed to raise Tallinn district heating network area prices. The current price is €50.14 per megawatt-hour and it will rise to €83 per megawatt-hour, meaning an increase of 65.5 percent. TheContinue Reading