ECONOMIC FORECAST. Orderly state finances will lay better foundations for growth in the economy
The latest economic forecast from Eesti Pank finds that the economy has started to grow again, but...

ECONOMIC FORECAST. Eesti Pank forecasts that the economy will return to growth in the second half of the year
The latest economic forecast from Eesti Pank expects the economy to revive in the second half of...

Caution is needed about growth in debt says Ülo Kaasik
Although Estonia’s state debt remains small in international comparison, it is growing remarkably...

Decisive steps will be needed for Estonia to recover its competitiveness says the IMF
Estonia’s loss of competitiveness is only partly a consequence of the recent crises, and solving the...

Republic of Estonia: Staff Concluding Statement of the 2024 Article IV Mission
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official...

ECONOMIC FORECAST. The economy is on the threshold of growth
The latest forecast from Eesti Pank finds that after two years of recession, conditions have...

Eesti Pank forecasts that the economy will find recovery tough
The latest economic forecast from Eesti Pank expects the Estonian economy will start growing again...

ECONOMIC FORECAST. Lower inflation in the second half of the year will support growth in the economy
The latest economic forecast from Eesti Pank finds that the Estonian economy is doing satisfactorily...

The IMF recommends that Estonia start reducing its budget deficit already this year
Estonia should start reducing the state budget deficit already this year in order to slow down...

Republic of Estonia: Staff Concluding Statement of the 2023 Article IV Mission
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official...

It is in Estonia’s interest to bring the growth in government debt under control says Ülo Kaasik
The state budget deficit is expected to be 1.5 billion euros this year, and if it continues like...

ECONOMIC FORECAST. The economy will improve this year
The latest economic forecast from Eesti Pank finds that conditions are improving for a recovery in...

Inflation in Estonia has lost momentum says Ülo Kaasik
“Inflation has not notably risen in Estonia since last August, and there are grounds to believe that...

Eesti Pank forecasts that the full impact of the energy crisis is only starting to be felt by the economy
The latest economic forecast from Eesti Pank finds that consumption will be reduced by high...

Inflation slowed a little in September
Inflation slowed to 23.7% over the year in September. This is mainly because there was a fall in...

Both the central bank and the government need to take steps to combat inflation
The outlook for the Estonian economy depends above all on the future rate of inflation. Estonia has...

The broader impact on the economy of Russia’s war will be felt in the second half of the year
The Estonian economy started the year in a very strong position, but growth in it will slow. Growth...

One euro in ten that is spent under the state budget is not covered by revenues says Madis Müller
The central bank is reducing its monetary policy support for the economy because the boost to...

Speech by the Governor of Eesti Pank to the Riigikogu Presentation of the Annual Report of Eesti Pank for 2021
Honourable President of the Riigikogu, Distinguished Members of the Riigikogu. Once a year Eesti...

Support for the economy during the current crisis needs to be different from that during the pandemic says Madis Müller
“A strong economic stimulus was needed during the pandemic from both the central bank and the...

The International Monetary Fund recommends that support be targeted more precisely
Estonia will need to use its budget resources for the extraordinary costs caused by the war in...

Republic of Estonia: Staff Concluding Statement of the 2022 Article IV Mission
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official...

The Supervisory Board of Eesti Pank plans to transfer up to a quarter of its profit into the state budget
At the regular meeting of the Supervisory Board of Eesti Pank this week, the board confirmed the...

The high rate of inflation should abate in the second half of next year
The latest economic forecast from Eesti Pank expects that the economy will grow by 8% this year, but...

Responsible fiscal policy would help keep faster inflation in check
Estonian Economy and Monetary Policy 3/2021 The latest economic forecast from Eesti Pank...

With growth strong after the pandemic, we must not overlook the risk of overheating, says Ülo Kaasik
“The Estonian economy suffered less from the pandemic crisis than the average in the euro area and...

The central bank is allocating a quarter of its profit from last year to the state budget
The Supervisory Board of Eesti Pank decided at its meeting on Tuesday to transfer a quarter of its...

The new wave of the pandemic will mean state support needs to be provided flexibly says Madis Müller
Governor of Eesti Pank Madis Müller said in a presentation at a conference on accounting on Thursday...

An uncertain future means we need plans A, B and C says Madis Müller
Governor of Eesti Pank Madis Müller spoke at the Äriplaan 2021 economic conference on Tuesday, where...

The government can dispel the uncertainty about the future
The contraction in the Estonian economy in the second quarter was smaller than had been feared, but...

It is time to move from emergency crisis aid to a long-term plan
Estonia is going through a global pandemic with wide-ranging economic consequences that will leave...

The central bank will support the financial position of the state with an exceptionally large share of its profit
The Supervisory Board of Eesti Pank decided at its meeting on Tuesday to transfer 18.9 million euros...

The central bank recommends focusing on easing the immediate impact of the crisis
Governor of Eesti Pank Madis Müller, who attended the meeting of the finance committee of the...

The Supervisory Board of Eesti Pank plans to continue transferring up to a quarter of its profit into the state budget
At the regular meeting of the Supervisory Board of Eesti Pank on Tuesday, the board confirmed the...

Eesti Pank forecasts that the economy will start to lose momentum after running at full power
The Estonian economy will grow by 3.4% this year and 2.3% in 2020 Growth in the economy will...

People and the state could look to make savings in the coming years
The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as...

The Fiscal Council of Estonia will continue with the same membership
The mandates of the six experts who make up the Estonian Fiscal Council will end in the middle of...

The general government budget should be in surplus for the sake of the competitiveness of the economy
Growth in the Estonian economy will slow in the coming years to 2%, but the economy will continue to...

Eesti Pank allocated a quarter of last year’s profit to the state budget
The central bank has allocated one quarter of last year’s profit, or 3.5 million euros, to the...

The fall in competitiveness in the economy points to trouble ahead
The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to...

Using the budget to stimulate the economy was a mistake
Kaspar Oja Economist at Eesti Pank Living...

The Estonian economy is moving from very good times into just good times
Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in...

Sustained economic success demands investment
Ülo Kaasik Deputy Governor of Eesti Pank Ülo Kaasik,...

Eesti Pank allocated a quarter of last year’s profit to the state budget
The central bank has allocated one quarter of last year’s profit, or 1.1 million euros, to the...

Last year was the most successful since the economic crisis
The economy was driven upwards mainly by a burst of growth in demand Increased investment is...

The IMF recommends the government postpone a part of its planned spending
The International Monetary Fund (IMF) finds that the Estonian economy is performing well, but...

Republic of Estonia: Staff Concluding Statement of the 2018 Article IV Mission
A Concluding Statement describes the preliminary findings of IMF staff at the end of an official...

The Supervisory Board of Eesti Pank is to continue the current strategy of profit distribution
At the regular meeting of the Supervisory Board of Eesti Pank this week, the board confirmed the...

The Estonian economy is reaching the peak of the growth cycle
The economy is in its best position since the crisis The economy will grow more slowly in the...

The economy is sailing with a tailwind
The current rate of growth in the economy cannot be maintained for long The growth in corporate...

Economic growth will get a boost from the need to invest in increasing productivity
Growth in the economy has picked up sharply as foreign demand has increased and the problems in...

The Supervisory Board of Eesti Pank is to continue the current strategy of profit distribution
At the regular meeting of the Supervisory Board of Eesti Pank on Tuesday, the board confirmed the...

The capacity for growth in the Estonian economy has contracted
Investment has fallen for three years and this has reduced the potential for growth in the coming...

The IMF is concerned about productivity growth in Estonia
The IMF has concluded their annual official staff visit (or ‘mission’) to Estonia. The...

The risk of growth slowing because of the labour market overheating has increased
An improved external environment and higher productivity are boosting economic growth Rising...

Governor of the central bank Ardo Hansson emphasised to the Riigikogu the importance of a balanced budget
Governor of Eesti Pank Ardo Hansson told the Riigikogu on Tuesday that the Estonian government has...

Eesti Pank has allocated 7.5 million euros from last year’s profit to the state budget
The Supervisory Board of Eesti Pank decided on Tuesday to transfer one quarter, or 7.5 million, of...

Eesti Pank has allocated 25 percent of last year’s profit to the state budget
The Supervisory Board of Eesti Pank decided on Tuesday to transfer one quarter, or 4.3 million, of...

The Supervisory Board of Eesti Pank is to continue the current strategy of profit distribution
At the regular meeting of the Supervisory Board of Eesti Pank on Tuesday, the board confirmed the...