26.11.2015
Orsolya Soosaar Economist at Eesti Pank

Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter

Wages in accommodation and catering rose by 16.9%

Data from Statistics Estonia show that the average... more

16.11.2015
The labour market review by experts from Eesti Pank covers developments in the supply, demand and prices of labour in Estonia. The central bank observes the labour market for two reasons. Firstly, labour is an important production input, as a change in the supply or activity of labour can directly... more
20.10.2015
Orsolya Soosaar Economist at Eesti Pank
  • Rapid wage rises have encouraged people to participate in the labour market more actively: despite the decline in the working age population the labour force increased in the first half of the year.

  • ... more

30.09.2015

At the Äriplaan 2016 conference on Wednesday, Governor of Eesti Pank Ardo Hansson spoke of how Estonian companies have succeeded in increasing their non-price competitiveness. The need to improve competitiveness has become ever more important in coming years as higher labour costs have made... more

01.09.2015
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that the growth in average gross wages accelerated to 5.8% in the second quarter of 2015, from 4.5% in the first quarter. Tax changes that took effect this year supported the 7.3% rise in the average... more

25.05.2015
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that annual growth in average gross monthly wages slowed in the first quarter of 2015 to 4.5%, and growth in gross hourly wages fell to 5.8%. Seasonally adjusted growth in average monthly wages was... more

18.05.2015
The labour market review by experts from Eesti Pank covers developments in the supply, demand and prices of labour in Estonia. The central bank observes the labour market for two reasons. Firstly, labour is an important production input, as a change in the supply or activity of labour can directly... more
14.05.2015
Orsolya Soosaar Economist at Eesti Pank

Annual growth in employment accelerated to 2.9% in the first quarter of 2015, while unemployment stood at 6.6%. The low comparison base from the first quarter of 2014 played a part in the rapid annual growth in employment. Seasonally... more

08.04.2015
  Orsolya Soosaar and Natalja Viilmann Economists at Eesti Pank

The long-awaited acceleration in economic growth materialised in the second half of 2014, but unfortunately labour productivity grew more slowly than in the first half of the year. Growth accelerated mainly as... more

26.02.2015
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that the average gross monthly wage increased by 5.3% over the year in the fourth quarter of 2014, and the gross hourly wage by 6%. This growth was faster than in the previous quarter. The fall in... more

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