Uudiste arhiiv

Baltic Sea Region Report

08.12.2016 Tõnu Toompark

Half-hearted reforms will not raise competitiveness and boost growth • Mind the risks to long-term growth • Exports hold the key to future growth in the Baltics • The services sector – stronger, smarter and more diversified Mind the risks to…

Swedbank flash comment Estonia: Rapid wage growth continues

25.11.2016 Tõnu Toompark

• Wage growth remained rapid in the 3rd quarter at 7%, over the year. • We expect average gross wage to slow to around 5% in 2017. In the 3rd quarter of 2016, the average monthly gross wage was 1,119…

Despite meagre GDP growth, several economic indicators have improved

14.11.2016 Tõnu Toompark

Economic growth in Estonia continued to be weak in the 3Q. According to the flash estimate, Estonian economy grew 1.1% yoy and 0.2% qoq (seasonally and calendar adjusted). The GDP has increased 1.1% yoy during the first three quarters. We…

SEB survey: Estonians have the strongest economic security and financial satisfaction among the Baltic states

27.10.2016 Tõnu Toompark

Estonian residents have more confidence in the economy and are more satisfied with their financial situation than their Latvian and Lithuanian counterparts, the SEB Baltic Household Outlook reveals. Seventy-three per cent of the Estonian population are moderately satisfied with their…

Swedank flash comment Estonia – Long-awaited investment growth is starting to take off

08.09.2016 Tõnu Toompark

Statistics Estonia revised second-quarter annual GDP growth 0.2 percentage points up to 0.8%. Regular revision of last four years was also published and led to changes in real growth rates of previous years. 2012-2014 GDP growth was revised down 0.9…

SEB Nordic Outlook: moderate growth regardless of political insecurity

31.08.2016 Mihkel Nestor

The events in the economy and politics over the last half-year have been unexpected. The UK referendum, the state of the US presidential election, the increase in popularity of extremist parties in Europe, and the diverging from democracy in some…

Swedbank: Excessive wage growth continues

30.08.2016 Tõnu Toompark

Wage growth remained rapid in the second quarter at around 8%, over the year. We expect average gross wage to rise by around 5% in 2017. In the 2nd quarter of 2016, the average monthly gross wage was 1,163 euros…

Swedbank: Participation rate increased even further

12.08.2016 Tõnu Toompark

The number of inactive decreased by 19,000 people, over the year, in the second quarter of this year. In addition to tight labour market, inactivity declined due to state reforms – an increase in the retirement age and the rearrangement…

Swedbank: Deceleration of economic growth was expected

11.08.2016 Tõnu Toompark

According to the flash estimate of Statistics Estonia, GDP growth in Estonia decelerated to 0.6% in the second quarter of 2016 (in the first quarter, Estonian economy grew by 1.7%). Deceleration of the growth rate was expected. First quarter economic…

UK votes to leave EU – impact on the Baltic countries

28.06.2016 Tõnu Toompark

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…

Acceleration of the economic growth was not broad based

09.06.2016 Tõnu Mertsina

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…

Swedbank: Purchasing power increased by almost 10%

25.05.2016 Tõnu Toompark

Wage growth accelerated further in the first quarter. A surge in purchasing power supports consumption but hurts enterprises’ profitability. In the 1st quarter of 2016, the average monthly gross wage was 1,091 euros in Estonia, up by 8.1% over the…

SEB: Negative interest rates – what does it mean?

12.05.2016 Tõnu Toompark

There are an increasing number of media mentions about negative interest rates as more developed countries across the globe are entering a negative interest rates territory. Five central banks – the European Central Bank (ECB), the Denmark’s National bank, the…

Acceleration of GDP growth was expected

12.05.2016 Tõnu Mertsina

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…

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

25.04.2016 Tõnu Toompark

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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