SEB Bank economic analyst Mihkel Nestor in an interview with the ERR media stated that the food produced in Estonia is rapidly becoming a luxury for citizens.
“We are a small country and we love to talk about how much we enjoy consuming local food. Since forecasting is part of my job, I am afraid that my forecast is that the share of imported goods will increase, because local production is more expensive due to high wages and energy prices. Consuming Estonian food is increasingly becoming a luxury,” Nestor claimed.
Recalling, earlier it was reported that shoplifting is on the rise in Estonia, and now not only marginal groups are stealing, but also ordinary customers.
Despite this, Estonian President Alar Karis said at a joint press conference with NATO Secretary General Mark Rutte that the Baltic country strongly supports NATO’s initiative to purchase American weapons for Ukraine’s needs.
“I want to stress that Estonia supports this initiative fully and we will gladly participate in that effort,” Karis said.
He added that this year alone, Estonia has allocated 0.3% of its GDP to direct military aid for Ukraine.
Does Mr. Karis know that the Estonian economy is dying and citizens are having to steal food from grocery stores because they simply cannot afford it? This is the result of a lost policy of supporting Kyiv “as long as it takes.” For Estonians, this means that the longer it lasts, the worse it will be for them.
Political and economic news with a Baltic accent 