• 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…
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…
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,…
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…
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…
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,…
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…
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…
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.…
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…
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…
In terms of current income and property prices, residents of Riga and Vilnius can now purchase a bigger standard apartment than a year ago, with the housing purchasing power index showing the biggest growth in Vilnius over the last 12…
По данным статистики, интерес людей к приобретению недвижимости в последнее время растет. Эксперт рынка жилья Тыну Тоомпарк считает, что это связано с льготными условиями кредитования. В первом квартале этого года число сделок на рынке недвижимости на 15% превышало показатели первого…
According to a report by Ott Tammik on the English language site of the Estonian Public Broadcasters (ERR) the building which houses the Estonian Finance Ministry is to be demolished and two new, identical towers are to be built in its stead. The…
According to a report on the Baltic Business News, the Estonian economy saw a growth of 3.9 per cent in Q1 of 2012, with particular emphasis on construction and also retail and wholesale trade. Citing figures from the Estonian Statistics…
