AGP Executive Report
Last update: 3 hours agoEurozone Inflation Watch: Eurostat says eurozone annual inflation edged up to 2.9% in July, driven mainly by energy (+10.0% y/y) while services rose to 3.3% and food cooled to 1.2%; Estonia is among the lowest at 2.0%. AI Infrastructure Push: Estonia’s Greenergy Data Centers is set for a near-€200mn expansion to target AI computing and international clients, as the EU opens tenders for AI gigafactories (with funding and chip supply still a moving target). Data Centre Hiring Signals: Nebius is hiring in Estonia for data-centre and IT roles, adding fuel to expectations of further international capacity build-out. Logistics Deal for the Baltics: DHL eCommerce signed an agreement to acquire Venipak, giving it a fully owned parcel network across Lithuania, Latvia and Estonia. Retail Turnaround: Statistics Estonia reports retail turnover rose in June (+1% y/y), with grocery stores finally lifting after more than two years of decline. Energy Transition Benchmark: Solar’s share of EU electricity demand topped 20% for three straight months, with new country records including Germany. Regional Infrastructure Tension: Estonia says it’s still waiting on Latvia’s official position on Rail Baltica’s future and possible plan changes. Local Industry & Real Estate: Narva-Jõesuu has started demolishing the derelict Viivikonna “ghost town” blocks, aiming to reshape the area into housing. Consumer Tech: Elisa Estonia reports smartphone sales down over 9% in H1, even as revenue rose on higher average device prices.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.