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…
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,…
• GDP real growth 2% in the second quarter • Main contribution from private consumption, but investments decreased • Economic activities dependent on foreign demand (transportation and manufacturing) had the largest negative contribution to the GDP growth • Exports decreased…
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…
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,…
Monthly gross wages amounted to 1,082 euros, +5.8%, yoy, in Q2. At the same time, net wages were up by 7.3% in real terms because of 0% inflation and lower labour taxes. The growth of gross wages accelerated from 4.5%…
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…
Positive trends have been noticed in Estonian and Lithuanian industrial and warehouse markets. However, Latvia is experiencing slower growth in sector’s investment transactions. Industrial and warehouse sector has reached to slight increase phase, nevertheless, rapid increase in demand towards newly…
Bond credit raters Moody’s Investor Services have affirmed Estonia’s A1 government bond rating and stable outlook. As reported on this blog, Fitch had already upped Estonia’s rating to A+, so this is more good news. The rating was based on factors including the…
A recent report on the Estonian Statistics Office site has stated that May 2012 saw a decrease in exports y-o-y of some eight per cent at current prices. This needs to be seen in the context of May 2011′s figures being at…
According to a report on the Baltic Business News, the Estonian economy saw a growth of 3.9 per cent in Q1 of 2012, with particular emphasis on construction and also retail and wholesale trade. Citing figures from the Estonian Statistics…
Estonia saw the highest economic growth in the EU in 2011 according to a report on Baltic Business News. Citing SEB bank’s Baltic Household Outlook, the article showed how in addition to Estonia’s impressive growth rate (7.6 per cent), neighboring Lithuania…
Here at Tallinn Property we like to focus on residential real estate, but it’s worth taking time out on occasion to examine how other areas of the real estate market are faring. Real estate analysts Colliers international’s monthly survey, when…
