In a post-crisis period, the growth of Estonian labour productivity has been weak Estonian labour productivity is lower than majority of European Union member states Estonia is losing price competitiveness against main trade partners After the recovery from the financial…
March has traditionally been the month of enlivenment in the real estate market – in the past five years, in average, 316 flats more have been sold in comparison to January and February. There were 1836 transactions this March, i.e.…
Estonia’s exports to Finland are the most diversified among the largest trade partners Exported goods from Estonia have gained market share on the Finnish market Estonia is losing its price competitiveness against Finland Finland is Estonia’s largest export partner. Among…
The growth of the average gross wage decelerated to 6.5% in 2017. Swedbank expects the average gross wage to grow by 6% and the real net wage by 9% in 2018. The growth of the average gross wage decelerated to…
Labour market has become even tighter. Employment increased by 2.2% and the unemployment rate decreased further to 5.8% in 2017. Last year brought good news for Estonian employees. Higher economic activity lifted demand for labour. Employment increased by 2.2% and…
The rapid and broad-based strengthening of the world economy that occurred in 2017 has exceeded expectations. High employment rates and increasing wealth sparks optimism in people, which is apparent in the increased spending of households. Improved demand has increased the…
Active December added an impressive final touch to another year of growth in the real estate market. 1942 transactions were made in December, which was more than average across the year, but the median price of the transactions increased to…
Kinnisvaraettevõtte Kapitel, varasema E.L.L. Kinnisvara, juhatusega liitus 9. jaanuaril finantsdirektori positsioonil Rait Pallo. Ettevõtte juhatus jätkab kolmeliikmelisena: juhatuse esimees ja tegevjuht Taavi Ojala, arendusdirektor Indrek Moorats ja finantsdirektor Rait Pallo. „Meil on väga hea meel, et ettevõttega otsustas liituda Eesti…
In 3Q2017 Estonian GDP expanded 4.2% yoy and 0.3% qoq (swad) in real terms. In nominal terms, GDP increased by 8.9% yoy. During the first three quarters, GDP has increased by 4.8% yoy in real terms. The major contribution to…
Wage growth remains relatively high as labour demand increases more than supply. Swedbank expects the average gross wage to grow by around 5% and the real net wage by close to 9% in 2018. The growth of the average gross…
The employment rate reached the highest level in 20 years. The unemployment rate declined to 5.2%. Higher economic activity reflects in the developments in the labour market. In the third quarter, employment grew by 2.0%, the number of unemployed people…
The flash estimate1 put the Estonian current account at 63 million euros in surplus in August 2017. The surplus on the goods and services account was 116 million euros, which was 38 million euros less than a year earlier. Exports…
We expected continued robust GDP growth in the second quarter, but 5.7% yoy (1.3% qoq swda) was above expectations. As inflation has picked up, GDP nominal growth accelerated to 10.2% yoy. Statistics Estonia revised up GDP levels and growth rates…
Wage growth will remain relatively high as labour demand increases more than supply. Nevertheless, the gap between wage and productivity growth rates will narrow this year. The growth of the average gross wage accelerated in the second quarter (+6.8%, over…
Job vacancy rate just above average, but annual growth amongst highest in the euro area Unemployment and vacancy rate curve suggests no crisis yet… …but job vacancy rates likely to increase further Annual growth of vacancy rate second highest in…
