06.04.2018
  • The central bank has allocated one quarter of last year’s profit, or 1.1 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 1.4 billion euros
  • Eesti Pank’s share of the... 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

19.03.2018

The International Monetary Fund (IMF) finds that the Estonian economy is performing well, but recommends that a part of the spending planned in the state budget for the years ahead be postponed, and that investments that boost productivity be preferred. Eesti Pank shares this opinion.

... more

16.03.2018

At the regular meeting of the Supervisory Board of Eesti Pank this week, the board confirmed the current strategy for profit distribution, whereby the central bank gives the state between 0 and 25% of its profit from the previous year.

The Supervisory Board will start to discuss the... more

19.12.2017
  • The economy is in its best position since the crisis
  • The economy will grow more slowly in the years ahead, as the strong growth in foreign markets is fading and available production capacity in the economy is becoming exhausted
  • The government is giving an additional... more
21.09.2017
  • The current rate of growth in the economy cannot be maintained for long
  • The growth in corporate investment and profits is a positive change
  • There is increased upwards pressure on labour costs
  • There is a danger of overheating in the construction sector, which... more
14.06.2017
  • Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased
  • Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term
  • As growth is... more
23.02.2017

At the regular meeting of the Supervisory Board of Eesti Pank on Tuesday, the board confirmed the current strategy for profit distribution, whereby the central bank gives the state between 0 and 25% of its profit from the previous year.

The Supervisory Board will start to discuss the... more

13.12.2016
  • Investment has fallen for three years and this has reduced the potential for growth in the coming years
  • Funding an increase in government spending from a budget deficit may boost growth in the short term, but may harm competitiveness in the long term
  • Improving... more
24.10.2016

The IMF has concluded their annual official staff visit (or ‘mission’) to Estonia. The mission team commended the country’s economic policy and reform plans, but expressed concerns about weak productivity growth. They said Estonia will have to find ways to balance productivity and wage growth... more

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