Uudiste arhiiv

 

Swedbank: Economic situation has deteriorated

30.11.2022
Swedbank

In Estonia, GDP fell more than expected in the third quarter. GDP declined by 1.8% over the previous quarter and 2.3% over the year. In nominal terms, GDP increased notably, by 13.9% in a year, marking very high price increases.…

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Swedbank: Estonia: GDP growth outlook deteriorated faster than expected in Q2

31.08.2022
Swedbank

GDP expanded only 0.6% y/y (non-adjusted), but contracted 1.3% q/q (swda) in Q2, in real terms GDP nominal growth was still strong at 17.8% y/y. The largest positive contribution to the GDP growth came from ICT sector and professional services,…

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Swedbank: Prices will grow faster than wages this year

04.03.2022
swedbank

Wage growth was rapid in the fourth quarter of last year (+7.3%, over the year), but uneven, and lagged price rises. Swedbank estimates that the average net wage will increase by 6% this year, but consumer prices will increase even…

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Swedbank: Inflation super rapid in December in Estonia

10.01.2022
swedbank

Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate…

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Swedbank: Estonia: robust demand contributes to the economic growth

30.11.2021
swedbank

GDP expanded 8.6% y/y and 0.7% q/q (swda) in 3Q – the growth met our expectations. GDP has increased 8.5% y/y in the first three quarters of 2021. In 3Q, more than half of the GDP growth came from four…

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Swedbank: Inflation accelerated further in Estonia

07.10.2021
swedbank

In September, consumer prices increased by 6.6%, over the year. 60% of the increase in prices came from energy products, especially more expensive electricity and motor fuels.  Wages and pensions have risen at least as much as prices.  Higher prices…

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Swedbank: The outlook is bright, but clouds surround us

25.08.2021
swedbank

The economic recovery over the past year has been impressive. In many countries, economic output was already back at pre-crisis levels this summer. Stronger-than-expected development during the second quarter has caused us to revise up the growth outlook for the…

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Swedbank: Estonian economy recovered from the recession faster than expected

31.05.2021
swedbank

Economy grew by 5.4% annually (non-adjusted) and 4.8% quarterly (seasonally and working day adjusted) in Q1. The result exceeded our expectations and was the strongest among European countries (according to the numbers published so far). The restrictions continued to affect…

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Swedbank: The Estonian economy is recovering from the crisis

01.03.2021

In 2020, Estonian GDP fell by 2.9% in real terms and 3.4% in nominal terms. The result was close to our expectations – our forecast, published in January, was -2.7%. In addition, GDP results for the first three quarters were…

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Swedbank: The Estonian economy is recovering from the crisis

01.03.2021
swedbank

In 2020, Estonian GDP fell by 2.9% in real terms and 3.4% in nominal terms. The result was close to our expectations – our forecast, published in January, was -2.7%. In addition, GDP results for the first three quarters were…

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Information on the sale of holding in related company

08.12.2020
nordecon

Nordecon AS group company AS Tariston concluded with OÜ Tõrvatilk on 08 December 2020 an agreement to sell its 49% shareholding in a related company OÜ Pigipada. The purpose of the sale is to resolve the ownership of the aforementioned…

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Swedbank: Estonian economy rebounded rapidly in the third quarter

30.11.2020
swedbank

In the third quarter of 2020, Estonian economy dropped by 1.9% y/y in real terms (seasonally and working day non-adjusted). Seasonally and working day adjusted GDP rose by 3.3% q/q. The result was close to our expectations. In the first…

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Estonian economy dropped less than expected in Q2

31.08.2020
swedbank

In the second quarter of 2020, Estonian economy dropped by 6.9% y/y in real terms and 8.4% in nominal terms. Seasonally and working day adjusted GDP dropped by 5.6% q/q. The result exceeded our expectations on the upside. In the…

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Swedbank: Situation in the labour market has deteriorated in Estonia

14.08.2020
swedbank

 The unemployment rate increased moderately in the second quarter but has been stable since then. We expect the unemployment rate to reach around 8% this year and then decrease again next year.  According to Statistics Estonia, employment fell by 3.6%…

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The steep decline in taxes contracted Estonian GDP in the first quarter

29.05.2020
swedbank

In Estonia, GDP contracted 0.7% yoy (non-adjusted) and 3.7% qoq (seasonally and working day adjusted) in 1Q The steep fall in VAT and excise taxes contributed negatively, while the gross value added increased 2% yoy.  There were more economic activities…

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