Uudiste arhiiv

 

Statistics: Growth in the aggregate total of wages outpacing loan balances

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

Balances on loan private individuals’ loans in Estonia have begun to grow at accelerating rates. According to the Bank of Estonia, last August the balance on private individuals’ loans stood at 7.23 billion euros, up 3.5% year on year. Growth

In Latvia and Estonia the highest growth of average wages among Baltics

SEB Pank

Due to a reduction in labour taxes, average net (after tax) wages in the first half of 2015 in Estonia and Latvia rose at a quicker pace than gross wages. In Lithuania the average net wages rose a little bit

Eastern European Outlook, October 2015

SEB Pank

The dual-track economic picture in Eastern (including Central) Europe will persist over the next two years. Conflict-plagued Russia and Ukraine will show continued weakness. In Russia, recession will linger during 2016 too, as plunging oil prices rebound only weakly and

SEB: Residents of Baltic capitals have improved financial options for buying flats

SEB Pank

A survey by SEB shows that in terms of current income levels and property prices, residents in the Baltic capitals can now become owners of bigger flats than a year ago. The SEB home purchasing power index* has improved thanks

Swedbank: Risks at the housing market

Swedbank

Growth of house prices one of the fastest in Europe House prices have grown faster than households’ incomes Surge in supply should slow future price growth Growth of house prices one of the fastest in Europe Of the 27 countries

Moderate economic growth, yet risks have increased

SEB Pank

Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,

SEB: The gap between industry and trade is widening

SEB Pank

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

Swedbank flash comment: Estonia

Swedbank

Cheaper energy behind deflation • Consumer prices dropped further in August • Cheaper energy behind the decline in prices • Inflation expected at -0.2% in 2015 and +1.9% in 2016 August deflation numbers were in line with our expectations. In

Swedbank: The Estonian Economy

Swedbank

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,

Swedbank: The housing affordability index for Baltics

Swedbank

The housing affordability index (HAI) increased to 133.2 in Vilnius, 151.8 in Riga, and 150.6 in Tallinn In Tallinn, affordability rose marginally by 1.4 points in the second quarter this year compared with the same period in 2014, due to

Employee numbers rising in spite of declining sales

SEB Pank

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

Lower tax rates and prices lifted real wage income

Eesti Pank

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

The fall in prices in June was caused by external factors

Eesti Pank

Data from Statistics Estonia show that the consumer price index was 0.1% lower in June than a year earlier and 0.2% lower than a month earlier. Preliminary estimates show that harmonised consumer price index inflation in the euro area slowed

The housing affordability index (HAI) increased to 131.5 in Vilnius, 149.1 in Riga, and 144.1 in Tallinn

Swedbank

In Tallinn, affordability rose marginally by 0.9 point in the first quarter this year compared with the same period in 2014, due to a 36-basis-point-decrease in interest rates. In Riga, the HAI increased by 2.1 points because wage growth outpaced

Stable prices make saving attractive even with low interest rates

SEB Pank

Rapid inflation, both before and after the economic crisis, made borrowing favourable in each of the Baltic States and reduced the point of depositing money – due to the rapid decrease in the purchasing power of money, real interest rates