The busy statistics calendar of the past weeks has not made it possible to give due attention to everything that is important. Consequently, this weekly commentary will address the foreign trade and registered unemployment statistics, were published already at the…
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 standard flats of dormitory suburbs than a year ago. SEB home purchasing power index*…
The week was once again packed with economic activity. Reviewed data on the GDP for Q3 were published, unfortunately there were no major changes – the economic growth estimation was increased from 0.5% to 0.7% year on year. Worse-than-expected economic…
According to the second estimate by the Statistics Estonia, the GDP growth in Estonia decelerated to 0.7% yoy in 3Q2015, while compared to the previous quarter the GDP decreased by 0.4% (seasonally and working-day adjusted). Primarily construction, transport and manufacturing…
The strong wage increase in the third quarter is good news for a working person. Increasing employment and average wages, on the other hand, are a bit mystifying against stagnant corporate income and near-zero growth in the third quarter. Upward…
Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter Wages in accommodation and catering rose by 16.9% Data from Statistics Estonia show that the average gross monthly wage was up 6.9%…
Several important economic indicators were updated last week. The new GDP flash estimate for the third quarter indicates that instead of picking up speed, as was expected at the beginning of the year, economic growth is instead beginning to freeze.…
Finding suitable labour is increasingly difficult for Estonian employers, therefore, wage pressures persist even when enterprises sales and profits have decreased. Labour shortage was perceived as the biggest business constraint among the 18% of service, 17% of construction, and 14%…
SEB’s pan-Baltic survey of CFOs of large enterprises indicates an improved assessment of the business climate; however, Estonian enterprises remain more conservative in their forecasts than their neighbours to the south. The main concerns for large Estonian enterprises are low…
Compared to the other Baltic states, Estonians are more inclined to take out loans to buy their own homes, SEB’s latest economic analysis of households in the Baltic states reveals. Owning one’s home instead of renting it is significantly more…
Compared to the rest of Europe, the residents of the Baltic States rarely move house. People chiefly move for family-related reasons, reveals the new Baltic Household Outlook prepared by SEB. The residents of the Nordic countries move most often. As…
The financial situation of households in the Baltic States has improved thanks to favourable changes on the labour market and growth in mean wages, reveals the new economic analysis of Baltic households by SEB. Growth in people’s savings has significantly…
In an Estonian average, 5.7 years’ mean net wages have to be paid on a transaction with an apartment. In Harju County, wages are higher; however, real estate there is also the most expensive. As a result, far more –…
The average housing size in the European Union is 96 m2. However, in the Baltics, an average household must cope with 63–67 m2. A new financial analysis of Baltic households organized by SEB reveals that this is, in part, caused…
Colonna’s investors have acquired 18 retail properties in Estonia, housing Rimi and Säästumarket shops with a total lease area of 16,818 m2 of which five are located in Tallinn, the Estonian capital. The former owner of the properties was Kinnisvaravaldus,…
