Economy

19 Nov: Statistics: There are 159,411 residential mortgage loans in Estonia

The average residential mortgage loan in Estonia fell to €36,802 in Q3 2013. However, the changes are not significant – the loan balance a year ago was just 1% bigger than today. The average loan amount is decreasing mainly as a result of new residential mortgage loans. The total number of residential mortgage loans just…

18 Nov: Statistics: Residential development loan balance down by 17% in a year

According to the Bank of Estonia, the balance of loans granted for investment properties and development in Q3 2013 was €1.7 billion. This is 4.6% less than in the previous year. The loan balance of retail property financing has decreased by 21% and the loan balance of residential development by 17%. The decrease in the…

13 Aug: Economic Growth In Estonia Continues, But Slows In Q2 2012

According to a recent report on the Statistics Estonia site, economic growth in Estonia grew by two per cent y-o-y to Q2 2012. However, GDP only grew by 0.4 per cent, when seasonal and work-day factors are taken into account, between Q1 and Q2. Most of the growth came from the construction, information and communication…

31 Jul: Retail Sales In Estonia Continuing To Grow

More hopeful signs of economic recovery in Estonia comes with a recent report on the Statistics Estonia site which states that retail sales in Estonia increased by seven per cent y-o-y to June 2012. Furthermore this trend has been continuing since March 2012; every month between March and June saw an increase in retail sales…

30 Jul: Estonia’s Credit Rating Affirmed At A1 By Moody’s

Bond credit raters Moody’s Investor Services have affirmed Estonia’s A1 government bond rating and stable outlook. As reported on this blog, Fitch had already upped Estonia’s rating to A+, so this is more good news. The rating was based on factors including the Estonian government’s budgetary rigour and financial strength during the continuing crises of the 2008-10…

29 Jul: Estonia Vs Slovenia

An item first published on this blog on 6th July, 2012. An interesting and detailed post here, from the redoubtable Edward Hugh, about one of the two other CEE countries, apart from Estonia, that have acceded to the Eurozone, namely Slovenia (the third country is Slovakia). Having consistently outperformed Estonia and even ‘older’ Eurozone countries…

07 Jul: Inflation In Estonia At 3.9 Per Cent Y-o-Y In June 2012

According to a report in the Estonian Press Digest from News2Biz,  CPI (consumer price index) in other words inflation, in Estonia in June 2012 has seen a 3.9 per cent y-o-y increase, a small rise on the previous month’s y-o-y figure of 3.8 per cent. Citing figures from Statistics Estonia, the report went on to…