Uudiste arhiiv

Wages rose despite the weak growth in the economy

26.11.2015 Orsolya Soosaar

Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter Wages in accommodation and catering rose by 16.9% Data from Statistics Estonia show that the average gross monthly wage was up 6.9%…

Economic growth or economic standstill

25.11.2015 Mihkel Nestor

Several important economic indicators were updated last week. The new GDP flash estimate for the third quarter indicates that instead of picking up speed, as was expected at the beginning of the year, economic growth is instead beginning to freeze.…

Statistics: Growth in the aggregate total of wages outpacing loan balances

27.10.2015 Tõnu Toompark

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

Balances on loan private individuals’ loans in Estonia have begun to grow at accelerating rates. According to the Bank of Estonia, last August the balance on private individuals’ loans stood at 7.23 billion euros, up 3.5% year on year. Growth…

Moderate economic growth, yet risks have increased

14.09.2015 Mihkel Nestor

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,…

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

08.09.2015 Tõnu Toompark

• 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…

SEB: The gap between industry and trade is widening

08.09.2015 Tõnu Toompark

Last week several updates on some important economic indicators were published. Unfortunately the news were mainly negative – industrial production is falling, orders are decreasing and employee’s pay is not growing from the company’s increasing income but from investments. Industry…

Swedbank: The Estonian Economy

07.09.2015 Tõnu Toompark

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,…

Employee numbers rising in spite of declining sales

01.09.2015 Mihkel Nestor

The ending week will be remembered by many for the nervous decline of the stock markets. Despite these uncertain times, the global economy is on track for growth. In Estonia, initial data published for the economic performance of businesses in…

Lower tax rates and prices lifted real wage income

01.09.2015 Eesti Pank

Data from Statistics Estonia show that the growth in average gross wages accelerated to 5.8% in the second quarter of 2015, from 4.5% in the first quarter. Tax changes that took effect this year supported the 7.3% rise in the…

Labour market sends out contradictory messages

21.08.2015 Mihkel Nestor

On Friday of last week, Statistics Estonia published data on the second quarter employment rate collected during the labour force survey. Messages received from the labour market are somewhat contradictory – employment grew significantly in comparison with the first quarter,…

Эксперт по недвижимости: налоговая льгота не заставит сдающих в аренду квартиры людей выйти из тени

04.06.2015 Tõnu Toompark

ERR / Eesti Rahvusringhääling

На ночном заседании правительства в первом чтении был принят законопроект, который, среди прочего, устанавливает налоговую льготу на доход с аренды жилья. Вместо 20% подоходный налог для них снижен до 16%. По мнению аналитика Kinnisvarakool OÜ Тыну Тоомпарка, эта мера не…

In 2014, average gross earnings grew in each of the Baltic States

11.05.2015 Tõnu Toompark

The state of the job market continues to improve, regardless of the slowing of economic growth and lower employment rate growth. Last year, the growth of average gross earnings was influenced by the increase in the minimum wage in each…

SEB is holding a real estate fair in Estonia’s larger towns and cities

15.04.2015 Tõnu Toompark

This Saturday, New Home Day will take place at the SEB branches in Tallinn, Tartu and Pärnu. This is the continuation of SEB’s annual tradition of bringing together sellers and buyers of real estate at a small-scale real estate fair.…

SEB: Families in all three Baltic States see their economic situation improving gradually

28.04.2014 Tõnu Toompark

Mean net wages topped the pre-crisis levels in all three Baltic States. Wage statistics show a gap of almost 50 per cent between mean net wages in Estonia and the other Baltic States; in recent years, the gap has widened…

After the crisis years, clients’ choices of new homes are considered and based on long-term prospects

22.04.2014 Tõnu Toompark

Held under the leadership of SEB last week, a meeting of real estate buyers and sellers confirmed that someone buying a new home today must both carefully consider their family’s actual needs and compare real estate offers that meet those…

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