Study: the elderly see no point in saving money
A third of Estonia's elderly are unable to set money aside from monthly income. And those who are, do so to cover everyday expenses, shows a Turu-uuringute AS study.
11.08.2016, Andres ReimerPM
Euro didn't raise the prices after all
Five years ago, soon after the retailers said euro would not raise the prices, the statement turned into a joke among the people. Just before the switch, chamber of commerce and industry initiated a campaign aimed at avoiding unsubstantiated rise of prices of goods and services while the euro was being adopted in 2011.
07.01.2016, Tõnis OjaPM
Lowest inflation in Baltic countries in 2014 recorded in Estonia
According to statistics offices of the three Baltic countries the lowest inflation was recorded in Estonia last year whereas Latvia had the highest inflation.
The year ahead: economy most impacted by external demand
The main impact on economic indicators in 2015 will be events on global markets, chiefly the persistently low interest rates and oil price drop. Both might serve as catalysts to the economy, but whether a growth boost will be provided, we’ll see in 12 months.
05.01.2015, Tõnis OjaPM
Cheap oil serves wallet well
As assured by Estonian Institute of Economic Research (EKI), most of Estonian enterprises are winning by the cheapening oil as ones selling products with price unlinked to oil while purchasing goods that are.
30.12.2014, Andres ReimerPM
Panic pummels Russian financial markets
Desperate try by Russia’s central bank to halt the free fall of rouble fell flat – following the sharp base interest rise yesterday morning, the currency strengthened just for a few hours, to thereafter totally tumble.
17.12.2014, Tõnis OjaPM
Editorial: central bank saving the eurozone economy
European Central Bank led by its president Mario Draghi, saviour of the euro two years back, is keeping up strong stimulation of eurozone’s stagnating economy and demonstrating determination to save it from deflation trap. As decided by ECB council yesterday, the base interest is down to the non-existent percentage of 0.05, and deposit interest 0.2 below zero. Also, they are in for a massive purchasing of assets.
Editorial: economy afloat
In spring, finance ministry set this year’s Estonian real terms GDP growth at 2 percent. Yesterday, they issued a figure more realistic – 0.5 percent. Figuratively speaking, this year our economy keeps afloat – the nostrils, at least, above water. And that’s basically all. Beholding the neighbouring economies, not much hope any would assume the role of an engine to be pulling us along.
Estonians increasingly prosperous by business
With Estonia’s economic growth sluggish last year – and sub-zero since 1st quarter of 2014 – household financial assets have performed a decent year-on-year rise.
01.08.2014, Tõnis OjaPM
ECB acts decisive in deflation threat
Even before stepping into office, European Central Bank president Mario Draghi was nicknamed Super Mario. Now, nearly three years into his term, the ECB council under his leadership has managed to act decisive on several occasions. For starters, two years ago, eurozone was saved from breaking apart, or, at least, from a very bad crisis. Now, the central bank is set to do battle for boosting economy and defeating deflation.
06.06.2014, Andres EinmannPM
Editorial: jump-starting circulation
European Central Bank (ECB) council decision, yesterday, to drop its deposit interest below zero is rare yet not unexpected. The trick has been done before, by Swedish and Danish central banks, to enhance economy – the nations, however, don’t use the euro. For the eurozone, this is a first.
Finance Ministry: Decrease of inflation to continue in September
In September the decline of inflation will continue due to the cheapening of education services and the decrease in the influence of the price rise of fuels and heat dependent on petroleum prices, the Estonian Ministry of Finance reports.
Estonia's base inflation accelerates to 2.3 pct in July
The annual base inflation in Estonia calculated on the basis of the harmonized index of consumer prices (HICP) accelerated to 2.3 percent in July, data collected by Statistics Estonia and released by Eurostat show.
Inflation pressures from labor market strengthen in Q2 - cbank
In the second quarter employment growth in Estonia noticeably exceeded real growth of economy and the risk of the rapid growth in wages soon being passed through into prices is now larger than was earlier forecast.
Estonia's base inflation inches up to 2.1 pct in May
The annual base inflation in Estonia calculated on the basis of the harmonized index of consumer prices (HICP) accelerated to 2.1 percent in May, data collected by Statistics Estonia and released by Eurostat show.
Estonia's May inflation basically in line with expectations - analysts
The annual rise in Estonian consumer prices in May was basically in line with expectations, matching exactly some forecasts and differing only slightly from others, analysts of commercial banks and the Finance Ministry said.
Estonia's base inflation eases to 2 pct in April
The annual base inflation in Estonia calculated on the basis of the harmonized index of consumer prices (HICP) decelerated to 2.0 percent in April, data collected by Statistics Estonia and released by Eurostat show.
Estonian inflation was held back by lower oil price - analysts
The slowdown in Estonia's inflation in April resulted from a reduction in oil prices and lower transport costs, whereas more expensive food had an upward effect on inflation, analysts said in their comments to April CPI data.
Eesti Pank: inflation has been stable in recent months
Data from Statistics Estonia show that inflation in Estonia slowed somewhat in March, from 3.7% to 3.5%. Leaving aside the price growth of electricity, the 2.3% increase in the price of other goods and services was relatively modest. One reason behind the slowdown in inflation was the last year’s high reference base for oil prices. As a result, the cost of fuels cheapened by 3.6%. The same factor affected inflation in other euro area countries as well, so Eurostat’s preliminary estimate is that inflation in the euro area slowed to 1.7% in March.
05.04.2013, Rasmus Kattai, Head of the Economic Policy Division, Eesti PPM
Estonian inflation sped up by food, electricity - analysts
While generally describing February's consumer price inflation in Estonia as consistent with expectations, analysts speaking to BNS highlighted the role of food and electric energy as drivers of inflation.
EC: Estonia growing strongly, in tune with the other Baltic States
On 22 February, the Commission published its first winter economic forecast for the euro area and the European Union as a whole. The forecast covers a wide range of indicators including gross domestic product (GDP), inflation, employment and public finances for 2012‑14.
22.02.2013, European Commission Economic forecastsPM
Analysts: Estonian inflation not likely to accelerate in near term
Inflation in Estonia is not expected to speed up significantly after the monthly inflation of 0.7 percent and annual inflation of 3.4 percent recorded in January, analysts said in their comments to the January consumer price index (CPI) figures published on Thursday.