Uudiste arhiiv

Swedbank: Estonia: GDP growth outlook deteriorated faster than expected in Q2

31.08.2022 Tõnu Toompark

GDP expanded only 0.6% y/y (non-adjusted), but contracted 1.3% q/q (swda) in Q2, in real terms GDP nominal growth was still strong at 17.8% y/y. The largest positive contribution to the GDP growth came from ICT sector and professional services,…

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Swedbank: Prices grew two times faster than wages

25.08.2022 Tõnu Toompark

Although average wage growth accelerated to 10.1% in the second quarter, it comforts consumers little when inflation was 20.2%. The average wage rose rapidly in all economic sectors. Wages grew the most in accommodation and catering (+18.6%, over the year),…

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Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for II Quarter and 6 Months of 2022 (Unaudited)

18.08.2022 Tõnu Toompark

MANAGEMENT REPORT CEO summary The second quarter of 2022 continued the trend we have seen in Q1, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania). Our available inventory is mainly sold, but…

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Swedbank: Baltic HAI – affordability still high, but outlook is getting bleaker

15.06.2022 Tõnu Toompark

Over the quarter, housing affordability deteriorated in all three Baltic capitals. Compared with the same period last year, the housing affordability index (HAI) increased in Vilnius but declined in Riga and Tallinn, with the Estonian capital registering a more pronounced…

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Swedbank: Economy Heat Index: the temperature is just right

27.01.2022 Tõnu Toompark

2021 was a good year for the Baltic economies – GDP grew rapidly, domestic demand recovered, and the labour market followed. Economic temperature ticked up in all three Baltic states and is already approaching the long-run average. Heat is building…

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Pärnu linn müüs Rüütli tänaval ajaloolise hoonekompleksi

21.01.2022 parnu.ee

Pärnu linnavalitsus võõrandas avalikul enampakkumisel Rüütli 23 ja 25 hooned. Nendes Mohri majana tuntud hoonetes paiknes pikka aega Pärnu linnavalitsuse haridus- ja kultuuriosakond. Pärast linnavalitsuse kolimist Suur-Sepa tänavale, on linn Rüütli 23 ja 25 pindu välja rentinud. Koos Rüütli 23…

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Swedbank: Prices increase more than wages in Estonia

08.12.2021 Tõnu Toompark

Annual inflation reached 8.8% in November. The prices of energy and food contributed the most. Price growth is likely to accelerate further in December. The rise in prices is expected to decelerate next spring. Inflation picked up as expected. Inflation…

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Swedbank: Wage growth accelerated in Estonia

27.08.2021 Tõnu Toompark

The growth of the average monthly gross wage accelerated from 4.9% in the first quarter to 7.3% in the second quarter. Wage growth picked up speed due to a very low base one year ago, when the corona crisis hit…

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Swedbank: The outlook is bright, but clouds surround us

25.08.2021 Tõnu Toompark

The economic recovery over the past year has been impressive. In many countries, economic output was already back at pre-crisis levels this summer. Stronger-than-expected development during the second quarter has caused us to revise up the growth outlook for the…

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Swedbank: Inflation accelerated in Estonia

07.07.2021 Tõnu Toompark

Inflation picked up from 3.6% in May to 3.8% in June. Motor fuels and electricity contributed the most. In 2021, consumer prices are expected to grow by 2.6%, around the same as before the crisis. Price pressures have increased in…

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Swedbank: Estonian economy recovered from the recession faster than expected

31.05.2021 Tõnu Toompark

Economy grew by 5.4% annually (non-adjusted) and 4.8% quarterly (seasonally and working day adjusted) in Q1. The result exceeded our expectations and was the strongest among European countries (according to the numbers published so far). The restrictions continued to affect…

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EfTEN Real Estate Fund III: Saules Miestas kaubanduskeskuse kinnistul restoranihoone valmimine ja KFC restorani avamine

20.05.2021 Tõnu Toompark

Täna, 20.05.2021 avatakse Saules Miestas kaubanduskeskuse kinnistul fondi Leedu tütarettevõtte UAB “Saules Miestas” poolt rajatud hoones KFC (Kentucky Fried Chicken) frantsiisi all tegutsev kiirtoidurestoran koos drive-in osaga. Tegemist on esimese uue KFC restoraniga Leedus. Hoone üürniku „APL FRESH FOOD“ UAB-ga…

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EfTEN Real Estate Fund III: Completion of the construction works of the restaurant building on the property of Saules Miestas shopping center and opening of the KFC restaurant

20.05.2021 Tõnu Toompark

Today, 20.05.2021, a fast-food restaurant with a drive-in, operating under the KFC (Kentucky Fried Chicken) franchise will be opened. The new separate building was built by the fund’s Lithuanian subsidiary UAB “Saules Miestas” on the existing property of Saules Miestas…

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Swedbank: The Estonian economy is recovering from the crisis

01.03.2021 Tõnu Toompark

In 2020, Estonian GDP fell by 2.9% in real terms and 3.4% in nominal terms. The result was close to our expectations – our forecast, published in January, was -2.7%. In addition, GDP results for the first three quarters were…

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