Estonia: EU support boosted wages but not productivity: study

An analysis on the impact of EU financial support on Estonian firms revealed that while the subsidies led to higher sales revenues and wages, they did not significantly improve productivity, ERR reports. The study, conducted by researchers from the Stockholm School of Economics in Riga, examined data from 1,435 companies that received European Regional Development…

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Estonia: Insufficient data on state support to companies: audit

Data available on state financial support to Estonian companies are incomplete and thus less usable, according to an analysis by the National Audit Office (Riigikontroll), ERR reports. Märt Loite, auditor general at Riigikontroll’s analysis department, sent a note to Finance Minister Mart Võrklaev (Reform), highlighting concerns regarding the integrity and usability of the data. In…

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