The Pirita SPA Hotel, which has delighted guests for nearly 40 years now, will be undergoing significant updates to provide more active recreation options for local families and foreign tourists alike. The spa hotel, which was recently acquired by Purje…
The unusually warm, sunny and dry May still did not have enough power to reverse the transactions agreed earlier. Greatly thanks to the new developments in Harju County, for the third time in the past five years, over 2,000 transactions…
GDP growth in Estonia decelerated to 3.6% yoy in 1Q2018 in real terms. The slowdown was expected, as close to 5% growth in 2017 was above the potential, by far. Nominal GDP growth decelerated to 8%, but it’s still very…
The growth of the average gross wage accelerated to 7.7%, over the year, in the first quarter of 2018. Families’ assessment of their financial situation is the highest on record. Rapid wage growth continued in the first quarter, around 8%,…
Higher economic activity lifted employment. The number of the inactive declined substantially and the unemployment rate grew due to a labour market reform. According to Statistics Estonia, employment increased by 0.6% despite a strong base effect last year. Employment rose…
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…
