Electricity sector in Estonia Latvia and Lithuania in the south. Electricity is traded on the Nordic power market Nord Pool. In 2014-2016, yearly net imports from Finland were equal to 31-67% of consumption. Meanwhile, yearly new exports to Latvia were equal to 57-84% of consumption. Some years there are also exports to Russia. Between Estonia and Finland there are the submarine Estlink cables. Electricity sector in Estonia The electricity sector in Estonia is connected to Finland, Russia and the other Baltic countries. It is one of the dirtiest in the EU in terms of CO emissions, as oil-based fuels account for about 80% of
Economy of Estonia for Latvia. Estonia today is mainly influenced by developments in Finland, Russia, Sweden and Germany – the four main trade partners. The government recently greatly increased its spending on innovation. The prime minister from the Estonian Reform Party has stated its goal of bringing Estonian GDP per capita into the top 5 of the EU by 2022. However, the GDP of Estonia decreased by 1.4% in the 2nd quarter of 2008, over 3% in the 3rd quarter of 2008, and over 9% in the 4th quarter of 2008. The Estonian economy further contracted by 15.1% in the first quarter of