Uudiste arhiiv

Swedbank: Estonia: prolonged GDP decline stopped in the Q4 2023

01.02.2024 Tõnu Toompark

In Q4 2023, Estonia’s GDP dropped 3.0% y/y in real terms and remained on the same level compared to the previous quarter (swda), according to the flash estimate of Statistics Estonia. Estonian GDP contracted 3.5% y/y (swda) and 3.4% (non-adjusted)…

Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for III Quarter and 9 Months of 2023 (Unaudited)

08.11.2023 Tõnu Toompark

MANAGEMENT REPORT CEO summary Q3 2023 marks as a continuation of the newly started developments of AS Pro Kapital Grupp. Real estate development In Tallinn, the decision taken earlier in the year on starting the construction and sales of Kalaranna…

Swedbank: Estonia: the economic recession is receding gradually

30.10.2023 Tõnu Toompark

In Q3, GDP dropped 2.5% y/y in real terms and remained on the same level compared with the previous quarter (swda), according to the flash estimate of Statistics Estonia. The GDP flash estimate was close to our expectations. Estonian GDP…

Swedbank: Estonian economy has contracted six quarters in a row

01.09.2023 Tõnu Toompark

In Q2, Estonian GDP declined 2.9% y/y (non-adjusted) and 0.2% q/q (swda). GDP has contracted 3.3% in real terms in 1H 2023. The GDP decline has receded gradually, while the largest contraction remained in 4Q 2022. We forecast 2% GDP…

Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for II Quarter and 6 Months of 2023 (Unaudited)

15.08.2023 Tõnu Toompark

MANAGEMENT REPORT CEO summary Q2 2023 marks as a continuation of the newly started developments of AS Pro Kapital Grupp. Real estate development In Tallinn, the decision taken earlier in the year on starting the construction and sales of Kalaranna…

Swedbank: Long-lasting recession continued in the second quarter

01.08.2023 Tõnu Toompark

In Q2 2023, GDP dropped 3% y/y and 0.3% q/q (both swda) in real terms, according to the flash estimate of Statistics Estonia. GDP contraction in Q2 was below our expectations. However, the economic contraction is receding gradually. Estonian economy…

Swedbank: Stability and Sustainability – Baltic and Swedish economies in doldrums

27.06.2023 Tõnu Toompark

Sweden: Economic growth has weakened Baltics: Insufficient demand and falling inflation Risks: Even weaker demand, higher unemployment, geopolitical pressures, deglobalisation Sustainability: Continued improvements are needed Swedish economy showed more resilience than expected in the first quarter, although a substantial positive…

Swedbank: Estonia: GPD fell for the fifth quarter in a row

01.06.2023 Tõnu Toompark

In Q1 2023, GDP contracted 3.2% y/y (non-adjusted) and 0.6% q/q (swda) in real terms. GDP contraction met our expectations. In nominal terms, Estonian economy expanded 9.3%, above the long-term average. Estonian economy has contracted five quarters in a row…

Swedbank: Wage growth accelerated in Estonia

26.05.2023 Tõnu Toompark

The average wage growth accelerated to 13.3% in the first quarter from 12.1% in the fourth quarter. Wage growth was rapid and broad-based despite difficult economic times. Wage growth accelerated due to a significant increase in public sector wages, especially…

Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for I Quarter and 3 Months of 2023 (Unaudited)

19.05.2023 Tõnu Toompark

MANAGEMENT REPORT CEO summary Q1 2023 marks as a start of new developments in AS Pro Kapital Grupp. Real estate development In Tallinn, we took the decision to start the final stage of development in Kalaranna 8. This last and…

Swedbank: Estonia: recession deepened towards the end of 2022

02.03.2023 Tõnu Toompark

In Q4 2022, GDP contracted 4.1% y/y (non-adjusted) and 1.6% q/q (swda) in real terms. Quarter-on-quarter GDP fell throughout 2022. In 2022, GDP fell 1.3% in real terms, but expanded 15.1% in nominal terms – the fastest result of the…

Pro Kapital: Pro Kapital Council approved Consolidated Interim Report for IV Quarter and 12 Months of 2022 (Unaudited)

01.03.2023 Tõnu Toompark

MANAGEMENT REPORT CEO summary 2022 has been a year to remember for AS Pro Kapital Grupp. The Estonian Chamber of Commerce awarded us the price as the most competitive real estate company in Estonia. The Competitiveness Ranking is a part…

Swedbank: Economic situation has deteriorated

30.11.2022 Tõnu Toompark

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.…

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

31.08.2022 Tõnu Toompark

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,…

Swedbank: Prices will grow faster than wages this year

04.03.2022 Tõnu Toompark

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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