Uudiste arhiiv

 

Swedbank: Economic growth is still strong despite weakened foreign demand

Swedbank

In the second quarter of 2019, Estonian GDP growth slowed to 3.6% y/y in real terms and to 7.9% y/y in nominal terms. In the first half of this year, GDP growth was 4.2% in real terms. Although, the growth

Swedbank: Baltic Housing Affordability Index Q1 2019

Swedbank

In Q1 2019, the housing affordability index (HAI) increased in Vilnius, stayed unchanged in Tallinn, but decreased in Riga In Tallinn, the HAI stayed almost unchanged (-0.1 point) at 151.9 in the first quarter of 2019, compared with the first

Swedbank: The scarcity of labour keeps wage growth elevated

Swedbank

 • The unemployment rate declined, and the employment rate slightly increased in the first quarter. • According to Swedbank’s forecast, labour market should remain tight this year, so wage pressures persist. Labour market remains tight According to Statistics Estonia, labour market

Uus Maa: Market Review March 2019

Uus Maa

Estonia The figures of the 1st quarter of year 2019 show that the times in the real estate market are still good and even though the growth is slower than before, the setback that influenced the second half of last

Swedbank: In the fourth quarter of 2018, the housing affordability index (HAI) increased in all Baltic capitals on annual basis

Swedbank

In Tallinn, the HAI rose by 10.4 points to 161.9 as rapid wage growth outweighed growing apartment prices and interest rates. In Riga, the HAI improved by 12 points to 191.7 as wage growth outpaced apartment price growth. For new-project

Flash comment Estonia: Wage growth remains rapid and broad-based

Swedbank

In 2018, the average full-time gross wage amounted to EUR 1310, up by 7.3%, in a year. The average gross wage increased in all sectors. The average wage was the highest in ICT and finance. A rapid growth in the

Uus Maa: Market Review January 2019

Uus Maa

As customary for the beginning of the year, January was rather modest: according to the initial data, 1,605 sale/purchase transactions of apartment ownerships were concluded all over Estonia, which was slightly below 100 less than last January and over 70

Swedbank: Housing affordability index improved in all three Baltic capitals in the third quarter of 2018

Swedbank

The housing affordability index (HAI) increased to 134.3 in Vilnius, 186.0 in Riga, and 154.3 in Tallinn. In Tallinn, the HAI rose by 5.8 points in the third quarter of 2018, compared with the same period in 2017, as rapid

Swedbank Flash comment: Wage growth remains rapid and broad-based

Swedbank

In the third quarter, the average full-time gross wage amounted to EUR 1291, up by 7.5%, in a year. Median wage reached EUR 1000, +10.0%, over the year, according to the Tax Board. The average gross wage increased in all

Flash comment: Estonia – The shortage of labour keeps wage growth rapid

Swedbank

The shortage of labour keeps wage growth rapid • The shortage of labour is on the same level as in the years of the previous economic boom. • During the next two years, according to Swedbank’s forecast, the gross wage

Swedbank: Housing affordability index improved in Riga and Vilnius but fell in Tallinn in the second quarter 2018

Swedbank

The housing affordability index (HAI) increased to 184.8 in Riga and 131.7 in Vilnius, but decreased to 156.3 in Tallinn. In Tallinn, the HAI fell by 3.1 points in the second quarter of 2018, compared with the same period in

Uus Maa: Market review August 2018

Uus Maa

Even though the number of transactions in August was only higher than that of July, the real estate market in Tallinn has still been active, which is confirmed by the fact that in the first eight months of the year,

Swedbank: Estonian GDP growth accelerated to 3.7% in the 2nd quarter

Swedbank

Real GDP growth in Estonia accelerated to 3.7% yoy in the second quarter of 2018. The growth was stronger than in the first quarter (3.3%). In the first half, GDP growth was 3.5% in real terms. The acceleration of the

Swedbank: Wage growth decelerated in the 2nd quarter

Swedbank

In the second quarter, the average full-time gross wage amounted to EUR 1321, up by 6.4%, in a year Swedbank expects gross wage to grow by 6.6% in 2018 and by 6.0% in 2019 Consumption remains moderate Wage growth decelerated

Swedbank: Second quarter’s unemployment rate the lowest in 10 years

Swedbank

Employment rose rapidly but only among the part-time workers The unemployment rate decreased more than expected The shortage of labour has reached the levels of last economic boom Employment rose rapidly but only among the part-time workers The number of

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