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
Continue reading Economic Growth In Estonia Continues, But Slows In Q2 2012
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
Continue reading Retail Sales In Estonia Continuing To Grow
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
Continue reading Estonia Vs Slovenia
A recent report on the Estonian Statistics Office site has stated that May 2012 saw a decrease in exports y-o-y of some eight per cent at current prices.
This needs to be seen in the context of May 2011′s figures being at a record high however, according to the report.
Meanwhile, imports remained steady and
Continue reading Estonian Exports Down Y-o-Y To May 2012, Nevertheless Growing
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
Continue reading Inflation In Estonia At 3.9 Per Cent Y-o-Y In June 2012
Estonian real estate sales rose by eight per cent y-o-y in May 2012 according to a report on the Baltic Business News website.
The biggest reported rise came in the pharmaceuticals sector, which saw a 13 per cent y-o-y rise, though this was due to the lower reference base from the previous year, the report
Continue reading Retail Sales In Estonia See An 8 Per Cent Y-o-Y Rise In May 2012
The recent fall in fuel prices in Estonia looks set to peter out, according to a report on the Estonian Press Digest from News2Biz.
Naturally prices at the pumps follow the world oil price, which has fallen from 125 USD (Brent Crude) in March to 90 USD at present, the lowest level for the last
Continue reading Fuel Prices In Estonia At An 18 Month Low – But Will This Continue?
As of 1 January, 2013, Estonia’s electricity supply market will be privatised and opened up to competition thus making it one of the last erstwhile state monopolies in Estonia to be privatised.
As a result, electricity prices will be set in accordance with the Nord Pool spot power exchanges, which comprises some 350 electricity suppliers
Continue reading Estonian Electricity Market To Be Opened Up To Competition
According to a report on the Baltic Business News, the Estonian economy saw a growth of 3.9 per cent in Q1 of 2012, with particular emphasis on construction and also retail and wholesale trade.
Citing figures from the Estonian Statistics Office, these two sectors accounted for more than half of the total growth during Q1.
Continue reading GDP in Estonia up 3.9 per cent year on year to Q1 2012