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
Congratulations to Gerd Kanter of Estonia who, whilst not repeating his gold medal success in Beijing in 2008, was in the medals in the men’s Olympic discus in London last night, achieving a bronze medal with a throw of 68.03 metres on his penultimate throw.
Germany’s Robert Harting won gold with a throw of 68.27
Continue reading Kanter Takes Bronze For Estonia In London Olympics
According to a recent article in the Estonian Press Digest from News2Biz, July 2012 saw something of a fall in real estate prices in Estonia as a whole, but at the same time real purchasing power (in Tallinn) for those wishing to purchase property also fell.
Citing real estate giant Pindi Kinnisvara‘s index as falling
Continue reading Real Estate Prices In Estonia See Fall In July 2012
As recently reported on this blog, the area surrounding the central rail station in Tallinn and the market there is to be extensively redeveloped.
In addition to this, new platforms are still being constructed; the initial deadline for completion was the end of July but it is now looking like being delayed for a few
Continue reading Delays In Platform Construction At Tallinn Central Train Station Hoped Not To Drag
Notwithstanding national air carrier Estonian Air’s muhc-publicised financial problems, according to a recent report on the Baltic Busines News site, the airline has carried 52 per cent more passengers as of the end of July 2012 than at the same stage during the preceding year.
At the same time, the number of passengers taking regular flights from
Continue reading Estonia’s National Air Carrier Sees An Increase In Passenger Numbers to July 2012
According to a report by Tõnu Toompark on his adaur blog, investment in real estate in Estonia has increased by 24 per cent y-o-y to the first quarter of 2012.
Citing figures from the Estonian Statistics office, investments from Estonian companies into plant and equipment fixed assets came to a value of 506 million Euros in
Continue reading Statistics: Real Estate Investment In Estonia Increases 24 Per Cent Y-o-Y
There has been a y-o-y increase in rental prices in Tallinn of 18 per cent, to July 2012, according to Tõnu Toompark on his adaur blog.
This undoubtedly is connected with the short supply of rental properties in Tallinn at the moment.
According to Tõnu and citing data from real estate portal kv.ee, the volume
Continue reading Apartments For Rent In Tallinn Increase Y-o-Y Slightly In Number, Greater By Rent Price
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