26.06.2018
  • Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in 2020
  • Inflation will start to slow to 2.9% in 2018, 2.5% in 2019, and 1.9% in 2020
  • Wage growth will remain fast until 2020 at around 6-7%
  • The low level of investment by companies... more
12.04.2018
Ülo Kaasik Deputy Governor of Eesti Pank

Ülo Kaasik, Deputy Governor of Eesti Pank, told a finance conference in Pärnu that 2017 was a good year for the Estonian economy, but that long-term success will need companies to invest a lot more than they are at present.

“... more

28.03.2018
  • The economy was driven upwards mainly by a burst of growth in demand
  • Increased investment is required for the economy to continue to succeed
  • An increase in employment rather than in investment has brought the labour market very close to overheating

The year... more

08.03.2018
Kristo Aab Economist at Eesti Pank
  • The biggest boost to the current account surplus came from exports of services
  • The inflow of direct investment was at the same level as in 2016
  • The threat of external imbalances has declined

The year... more

18.10.2017
Taavi Raudsaar Economist at Eesti Pank
  • The growth in incomes and savings is helping to offset the risks from credit growth
  • As investment has increased, so long-term corporate debt has grown faster

Rising incomes and a broad tendency to save have... more

29.09.2017

Speaking at the business conference Äriplaan 2018 on Thursday, Governor of Eesti Pank Ardo Hansson said that the growth in exports and investment in the first half of the year gave hope that the economy is coping with ever sharper labour shortages, but it will not be able to maintain the current... more

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