The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more
The mandates of the six experts who make up the Estonian Fiscal Council will end in the middle of May this year. The Supervisory Board of Eesti Pank this week approved the proposal of the Governor of the central bank that the same experts should remain in post for the next five years.
Growth in the Estonian economy will slow in the coming years to 2%, but the economy will continue to perform better than the average, and so it would be a mistake to pamper it further by running a deficit in the general government budget. Any such deficit would heat further the already... more
- The central bank has allocated one quarter of last year’s profit, or 3.5 million euros, to the state budget
- Eesti Pank’s capital has increased by around 0.5 billion euros and the long-term goal is to increase its capital to 1.5 billion euros
- Eesti Pank’s share of the... more
The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more
- Living standards in Estonia are at almost 80% of the European Union average
- Further growth in the economy will be restrained by the fall in investment by companies and the slow growth in productivity
- The economy... more
- 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
Governor of Eesti Pank and member of the Governing Council of the European Central Bank Ardo Hansson says there is no reason to hope that interest rates on loans will forever remain as low as they are now.
- The central banker believes that the Estonian economy is already simmering... more
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.