Püssi

Püssi is a town in Lüganuse Parish, Ida-Viru County, in northeastern Estonia, with a population of 1,783 as of 2012. It is located near the road between Tallinn and St. Petersburg.

History

Following the end of the Soviet Union's 45-year rule over Estonia, Püssi saw a sharp economic downturn and a population exodus. In 1989 the population of Püssi stood at 2,400 people, and 20 years later, in 2009, was only 1,809. The population has continued to decrease and by 2012 stood at 1,783 people. In October 2013, Püssi along with Maidla Parish were merged into Lüganuse Parish, and therefore ceased to exist as sovereign municipalities.

Economy

By 2002 Püssi had accumulated 20 million kroons of debt, the equivalent to 1.3 million euros; and property values had become so low that apartments were valued around zero. Since then, the city's economy has begun to recover. Püssi has planned the construction of an industrial park. The Chairman of the town council, in an interview with The Baltic Times, marketed Püssi by stating that property values in the city were only 1% of those of the capital city of Tallinn.