Uudiste arhiiv

 

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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Higher growth requires courage to make investments

14.12.2015
SEB Pank

The week was once again packed with economic activity. Reviewed data on the GDP for Q3 were published, unfortunately there were no major changes – the economic growth estimation was increased from 0.5% to 0.7% year on year. Worse-than-expected economic…

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Economic growth in Estonia decelerates sharply in the 2H2015

10.12.2015
Swedbank

According to the second estimate by the Statistics Estonia, the GDP growth in Estonia decelerated to 0.7% yoy in 3Q2015, while compared to the previous quarter the GDP decreased by 0.4% (seasonally and working-day adjusted). Primarily construction, transport and manufacturing…

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Labour market has tightened further

15.11.2015
Swedbank

Finding suitable labour is increasingly difficult for Estonian employers, therefore, wage pressures persist even when enterprises sales and profits have decreased. Labour shortage was perceived as the biggest business constraint among the 18% of service, 17% of construction, and 14%…

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GDP growth smaller than expected

12.11.2015
Swedbank

GDP growth slowed more than expected, from 1.9% in the second quarter to 0.5% in the third quarter, year on year. Quarter-on-quarter change in GDP volumes was negative: -0.5%. During the first 9 months of the year, GDP in Estonia…

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In Latvia and Estonia the highest growth of average wages among Baltics

21.10.2015
SEB Pank

Due to a reduction in labour taxes, average net (after tax) wages in the first half of 2015 in Estonia and Latvia rose at a quicker pace than gross wages. In Lithuania the average net wages rose a little bit…

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Eastern European Outlook, October 2015

07.10.2015
SEB Pank

The dual-track economic picture in Eastern (including Central) Europe will persist over the next two years. Conflict-plagued Russia and Ukraine will show continued weakness. In Russia, recession will linger during 2016 too, as plunging oil prices rebound only weakly and…

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Moderate economic growth, yet risks have increased

14.09.2015
SEB Pank

Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,…

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Swedbank flash comment Estonia : Weak foreign demand inhibits the economic growth in Estonia

08.09.2015
Swedbank

• GDP real growth 2% in the second quarter • Main contribution from private consumption, but investments decreased • Economic activities dependent on foreign demand (transportation and manufacturing) had the largest negative contribution to the GDP growth • Exports decreased…

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Swedbank: The Estonian Economy

07.09.2015
Swedbank

Why worry about wage growth?  Wage growth accelerated again Not sustainable in the longer term Exports have to recover Wage growth accelerated again Gross wage growth has been around or above 5% since 2011. In the first half of 2015,…

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Swedbank: Wage growth accelerated

02.09.2015
Swedbank

Monthly gross wages amounted to 1,082 euros, +5.8%, yoy, in Q2. At the same time, net wages were up by 7.3% in real terms because of 0% inflation and lower labour taxes. The growth of gross wages accelerated from 4.5%…

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Smaller Forest Land Interesting To Domestic Investors In Estonia

20.04.2012

Whilst the focus of this blog is on Tallinn, we sometimes like to focus on the rest of Estonia, both in terms of residential real estate and in other sectors, or related areas. This article is a translation of an…

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Energy Savings Pay Off When Buying Real Estate In Estonia

31.08.2011

When buying a new home, it seems that the biggest cost is likely to be the actual purchase price according to property developer Allan Kool, in an article published on Tõnu Toompark’s adaur blog. However, it gradually dawns on home…

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Estonians face a sharp increase in land tax

18.05.2009

The ruling coalition has no option, but to start re-valuation of land that could double or triple land tax, writes Äripäev. The only hope is that since the idea of re-value the land is supported only by Social Democrats, but…

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