Uudiste arhiiv

 

UK votes to leave EU – impact on the Baltic countries

28.06.2016
Swedbank

With 52% of UK voting to leave over 48% wishing to stay in, history is being made as we speak, and the United Kingdom will be the first country to leave the EU since its formation. As we expected, the…

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The housing affordability index (HAI) increased to 132.3 in Vilnius, 166.5 in Riga, and 153.7 in Tallinn

10.06.2016
Swedbank

In Tallinn, affordability rose by 10.1 points in the first quarter this year compared with the same period in 2015 due to an 8.5% rise in net wages and almost stable apartment prices. In Riga, the HAI increased by 15.1…

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Acceleration of the economic growth was not broad based

09.06.2016
Swedbank

Statistics Estonia did not revise the GDP growth of 1Q2016 with its second estimate: it remained 1.7% yoy and flat qoq (swda) in real terms. Despite the fall in prices, GDP growth reached to 3% in nominal terms (2.5% in…

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SEB to issue home loans guaranteed by KredEx for the improvement of energy efficiency

07.06.2016
Kredex

SEB will begin to issue home loans to clients who are borrowing to buy, build or renovate their existing homes to make them more energy efficient and who wish to use a guarantee from KredEx for that purpose. “Any investment…

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Estonian real estate companies expect prices to stabilize soon

30.05.2016
Baltic Course

Estonian real estate companies are expecting real estate prices to stabilize and the number of transactions to increase, and are hoping to grow their revenue and workforce, results of a survey conducted by the Association of Real Estate Companies of…

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Labour market data stronger than expected

13.05.2016
Swedbank

In Q1 2016, employment increased due to a higher number of part-time workers. Unemployment rate was slightly smaller than one year ago. We still expect unemployment rate to grow and employment to decline a bit in 2016. First quarter’s labour…

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Acceleration of GDP growth was expected

12.05.2016
Swedbank

According to the flash estimate of Statistics Estonia, GDP growth in Estonia accelerated to 1.7% yoy in 1Q 2016, while compared to the previous quarter (seasonally and working day adjusted) remained flat. On the supply side, continued robust growth of…

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SEB: the popularity of small loans and other loans differs significantly between the Baltic States

25.04.2016
SEB Pank

The SEB Baltic Household Outlook revealed that in 2015 the market for small loans and other loans issued by banks experienced an upturn in Estonia and Lithuania with the loan portfolios increasing by 1.8 per cent and 6.3 per cent…

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The housing affordability index (HAI) increased to 129.2 in Vilnius, 160.1 in Riga, and 153.4 in Tallinn

08.03.2016
Swedbank

In Tallinn, affordability rose by 4.2 points in the fourth quarter last year compared with the same period in 2014, mainly due to a 6.6 % rise in net wages, which continued to surpass the apartment price growth. In Riga,…

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Wage growth at around 6% for the second year in a row in 2015

04.03.2016
Swedbank

Average monthly gross wage increased by 6.0%, net wage in real terms by 8.0% in 2015 We expect average gross wage and real net wage to grow by around 5% in 2016 Average monthly gross wage amounted to 1,065 euros…

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Weak export demand behind the sluggish economic growth

11.02.2016
Swedbank

According to the flash estimate of Statistics Estonia, GDP grew by 0.7% yoy in Estonia in 4Q 2015. The growth rate met our expectations. Compared to the previous quarter, GDP grew by 1.2% (seasonally and working day adjusted). In 2015,…

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Mainor Ülemiste AS Interim Report IV Q 2015

29.01.2016
Mainor Ülemiste

Highlights of 2015 Öpik Building’s construction work began Mainor Ülemiste AS (MÜC) launched Öpik Building construction in the beginning of 2015 by construction company Merko LLC. In August 2015 the financing agreement with Nordea Bank was signed and iIn November…

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Consumer prices decreased by 0.5% in 2015

09.01.2016
Swedbank

Cheaper energy behind the decline in prices Inflation expected at around 1% in 2016 Consumer prices decreased by 0.5% in Estonia in 2015. Consumer prices declined due to lower energy prices. Motor fuels were 14%, heat energy 4%, and electricity…

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SEB: Export in need of momentum

18.12.2015
SEB Pank

The busy statistics calendar of the past weeks has not made it possible to give due attention to everything that is important. Consequently, this weekly commentary will address the foreign trade and registered unemployment statistics, were published already at the…

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The housing affordability index (HAI) increased to 130.9 in Vilnius, 159.8 in Riga, and 146.8 in Tallinn

16.12.2015
Swedbank

In Tallinn, affordability rose by 4.9 points in the third quarter of this year compared with the same period in 2014, mainly due to a 7.9% rise in net wages, which was higher than apartment price growth for the first…

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