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Exports and imports of goods fell significantly in July

Kuupäev 11.09.2023
Article
According to Statistics Estonia, Estonia’s exports of goods in July amounted to 1.3 billion and imports to 1.6 billion euros. Compared with July 2022, exports of goods decreased by 26% and imports by 20% at current prices. The trade deficit in July was 385 million euros, which is 42 million euros more than in the same month last year.

In May, trade grew again by a half

Kuupäev 09.07.2021
Article
According to Statistics Estonia, in May, exports of goods increased by 47% and imports by 50% year on year. Trade growth was influenced in addition to last year’s low reference base by exports and imports of mineral fuels, electrical equipment and transport equipment.

Insurance

Area
Insurance provides protection against the unexpected and helps avoid greater financial loss. The purpose of insurance companies is to provide customers with financial support in the event of accidents, thefts and other unexpected incidents. Insurance companies offer life and non-life insurance. Life insurance is obtained in order to provide financial support for oneself and loved ones in case of terminal illness, loss of capacity for work, accident or death. Life insurance can also be bought to collect money. Non-life insurance is obtained to mitigate financial damage. The most common types of

Trade up in June, imports from Russia and Belarus down

Kuupäev 09.08.2022
Article
According to Statistics Estonia, in June 2022, Estonia’s exports of goods increased by 26% and imports by 24% compared with June 2021. Compared with the second quarter of last year, exports grew by 21% and imports by 30%. In June and in the second quarter as a whole, trade was primarily boosted by the increased exports and imports of mineral fuels and electricity and wood and articles of wood.

In the 1st quarter, the increase in average monthly gross wages and salaries accelerated slightly

Kuupäev 25.05.2016
Article
According to Statistics Estonia, in the 1st quarter of 2016, the average monthly gross wages and salaries were 1,091 euros and the average hourly gross wages and salaries were 6.86 euros. Compared to the 1st quarter of 2015, the average monthly gross wages and salaries increased by 8.1% and the average hourly gross wages and salaries by 7.7%. In the 1st quarter, the average annual growth of monthly gross wages and salaries was slightly faster than in the 4th quarter of 2015.

In the 3rd quarter, the growth of average wages and salaries accelerated

Kuupäev 29.11.2018
Article
According to Statistics Estonia, in the 3rd quarter of 2018, the average monthly gross wages and salaries of enterprises, institutions and organisations were 1,291 euros, having increased by 7.5% compared to the 3rd quarter of 2017. The year-on-year growth in average monthly gross wages and salaries was 1.1 percentage points faster than in the previous quarter.

Sales of crayfish and fish roe grew the most last year

Kuupäev 25.05.2021
Article
According to Statistics Estonia, in 2020, fish farming enterprises sold 1,039 tonnes of commercial fish and crayfish, for a total of more than 4 million euros. The biggest increase occurred for fish roe placed on the market, with record sales registered.

Research and development

Area
Research and development (R&D) aim at acquiring new knowledge or using existing knowledge in a novel way. For example, it is the improvement of a product or work process. R&D ends when the main product is developed and the focus is shifted to production planning or market expansion. The main features of R&D are novelty, creativity, ambiguity, systematicity and transferability. Novelty means discovering something new, and with that goal in mind, researchers carry out studies at universities and research institutes. In business, novelty refers to new discoveries or technologies that have not