Uudiste arhiiv

Swedbank: Inflation accelerated further in Estonia

07.10.2021 Tõnu Toompark

In September, consumer prices increased by 6.6%, over the year. 60% of the increase in prices came from energy products, especially more expensive electricity and motor fuels. Wages and pensions have risen at least as much as prices. Higher prices…

Swedbank: Estonia – impressive GDP growth continues

31.08.2021 Tõnu Toompark

GDP expanded 12.9% yoy and 4.3% qoq (SWDA) in 2Q Economic output exceeded pre-pandemic peak by 6.7% in real terms In Estonia, GDP grew 8.5% in the first half of 2021. The growth was among the fastest in the EU.…

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…

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…

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…

Pro Kapital Council approved Consolidated Interim Report for IV Quarter and 12 Months of 2020 (Unaudited)

01.03.2021 Tõnu Toompark

MANAGEMENT REPORT Chairman’s summary 2020 has been quite a turbulent year. It will be remembered for the start of the new virus SARS-CoV-2 and COVID-19 pandemic spread. Many economic sectors have suffered. Also, our group operations and results are affected.…

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…

Swedbank: Estonian economy rebounded rapidly in the third quarter

30.11.2020 Tõnu Toompark

In the third quarter of 2020, Estonian economy dropped by 1.9% y/y in real terms (seasonally and working day non-adjusted). Seasonally and working day adjusted GDP rose by 3.3% q/q. The result was close to our expectations. In the first…

Estonian economy dropped less than expected in Q2

31.08.2020 Tõnu Toompark

In the second quarter of 2020, Estonian economy dropped by 6.9% y/y in real terms and 8.4% in nominal terms. Seasonally and working day adjusted GDP dropped by 5.6% q/q. The result exceeded our expectations on the upside. In the…

The steep decline in taxes contracted Estonian GDP in the first quarter

29.05.2020 Tõnu Toompark

In Estonia, GDP contracted 0.7% yoy (non-adjusted) and 3.7% qoq (seasonally and working day adjusted) in 1Q The steep fall in VAT and excise taxes contributed negatively, while the gross value added increased 2% yoy. There were more economic activities…

Swedbank: Previously rapid wage growth stalls in Estonia this year

27.05.2020 Tõnu Toompark

• Wage growth decelerated to 4.8%, over the year, in Q1. • Swedbank expects wages to grow by only 0.5% this year. Wage growth decelerated in the first quarter Gross wage growth decelerated to 4.8%, over the year, in the…

Estonian Real Estate Market review, March 2020

22.04.2020 Igor Habal

The overview of real estate market in March cannot escape the topic of coronavirus COVID-19 outbreak which started to influence the market considerably from the second half of the month. Estonian Real Estate Market in March 2020 As the majority of transactions…

Swedbank: Last year’s economic growth surprised on the upside

28.02.2020 Tõnu Toompark

In 2019, Estonian GDP growth was 4.3% y/y in real terms and 7.7% y/y in nominal terms. Although, the growth slowed from previous year, it was still strong and exceeded our expectations – our forecast, published in January, was 3.7%.…

Flash comment: Estonia – Inflation should remain moderate this year

09.01.2020 Tõnu Toompark

Inflation was relatively weak at the end of last year, given the rapid growth in wages and other income. Inflation was moderate due to weak external price pressures and lower excise tax rates on alcohol. In December, inflation amounted to…

Swedbank: Robust economic expansion continued in the third quarter

29.11.2019 Tõnu Toompark

Estonia’s GDP grew 4.1% y/y and 1.0% q/q (seasonally and calendar adjusted) in the third quarter this year. Non-adjusted annual growth was 4.2% in real terms and 7.3% in nominal terms. The growth was above our expectations. Economic growth is…

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