Tiina Soosalu Eesti Pank Payment and Settlement Systems Department
  • Card payments by residents and businesses in Estonia were down by one third over the year in April while turnover fell at the same time by only about a quarter, showing that people were making fewer... more
Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that consumer prices were down 1.1% over the year in September. The average fall in prices in September in the countries of the euro area was 0.3%. Prices for energy and services fell most, but inflation for... more

The spread of the coronavirus from the start of the year had a major impact on the performance of the Estonian economy and of the economy of the whole world. Although the economic decline in many countries was less than was forecast at the first peak of the crisis, the economy of the euro area... more

Governor of Eesti Pank Madis Müller spoke at the Äriplaan 2021 economic conference on Tuesday, where he said that although the Estonian economy has outperformed expectations so far, the uncertainty caused by the outbreak of the coronavirus means that both businesses and the government need to... more


The contraction in the Estonian economy in the second quarter was smaller than had been feared, but a new outbreak of the coronavirus will push the recovery of the economy further into the future. Once the restrictions introduced under the emergency situation were lifted, the economy started to... more

Sulev Pert Economist at Eesti Pank

Data from Statistics Estonia show that consumer prices were 0.9% lower in August than a year earlier. Consumer prices fell for the fifth consecutive month. Prices were down because prices fell for energy and services. Food price inflation is... more

Kaspar Oja Economist at Eesti Pank

Gross Domestic Product (GDP) in Estonia was 6.9% less in the second quarter than a year earlier in the data of Statistics Estonia. This means the economy has done substantially better than was forecast in spring. The fall in the economy has... more


The systemic risk buffer is intended to increase the resilience of the financial sector to non-cyclical risks that could have a serious negative impact on the national financial system or the economy.

The main reason for applying the systemic risk buffer requirement lies in the small... more

Madis Laas Economist at Eesti Pank

The banks operating in Estonia are making more provisions due to the uncertainty surrounding the coronavirus, whereas the volume of provisions is still relatively small. Banking sector profits reached 112 million euros in the second quarter... more


Eesti Pank will publish the statistics for the financial account for the second quarter of 2020 on 12 October 2020 at 08.00.
See also the release calendar for statistics

Background information

Statistics releases describe the key indicators in the financial accounts.... more

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