All main rates hiked by 50bps, more than markets expected Transmission protection instrument (TPI) introduced The Governing Council raised all three key ECB interest rates by 50bps – more than markets and most economists have expected. As we expected, new…
In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and…
Over the quarter, housing affordability deteriorated in all three Baltic capitals. Compared with the same period last year, the housing affordability index (HAI) increased in Vilnius but declined in Riga and Tallinn, with the Estonian capital registering a more pronounced…
Retreating pandemic risks and looser virus curbs have made shopping and services consumption more accessible and more enjoyable in the Baltics. According to the Google mobility data, the flow of people in retail stores and recreation places was notably larger…
COMMENTARY FROM MANAGEMENT Merko Ehitus sales revenue in the first quarter was EUR 68.4 million and net profit EUR 3.0 million. The sales revenue for the 3 months of 2022 increased by 14% compared to the same period of previous…
AS Merko Ehitus consolidated audited financial results for 2021 remain unchanged compared to the preliminary disclosure on 10 February 2022. STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD 2021 was a successful year for Merko. We fulfilled the group’s financial…
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…
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…
Annual inflation reached 8.8% in November. The prices of energy and food contributed the most. Price growth is likely to accelerate further in December. The rise in prices is expected to decelerate next spring. Inflation picked up as expected. Inflation…
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…
November reflected rather well the slightly worrisome situation that has developed due to the changes in the market but we can make more accurate conclusions within the next six months. It is true that on the one hand, the feeling…
The number of transactions in April was similar to that of March but due to changes in the structure of transactions, the median price was the lowest in the last six months. 1,817 transactions were concluded in April, which was…
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…
Growth at its cyclical peak Productivity is the key to income convergence in the Baltics Sustainable development – where do we stand? Universal basic income – utopia or an urgent necessity? Growth at its cyclical peak The upswing in global…
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…
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