International Internet Magazine. Baltic States news & analytics
Thursday, 29.09.2016, 19:56
At the Äriplaan 2017 conference on Wednesday, Governor of Eesti Pank Ardo Hansson spoke of the increased share of labour-dependent sectors in the Estonian economy, which is also illustrated by the growth in wages in recent years. This means that the market is moving ever more decisively away from business models based on cheap labour.
Keyword tags: Analytics, Banks, Direct Speech, Economics, Estonia, Labour-market, Wages
In August, a slow growth in the overall domestic loan portfolio was observed for a sixth consecutive month and the loan 12-month growth rate also remained in positive territory. With the funds in enterprise bank accounts on the rise, the balance of deposits attracted by banks also grew.
he use of European Union funds by Estonia in the current budget period has been too slow, governor of the Bank of Estonia Ardo Hansson said on Wednesday, writes LETA/BNS.
Estonian consumer confidence showed a month-on-month improvement of 1 point in September, measuring -5 points; in September 2015 the confidence indicator was -7 points, the Estonian Institute of Economic Research said LETA/BNS.
The industrial confidence indicator in Estonia was 6 points in September, which marks a decline of 2 point from August and an improvement of 11 points compared with September 2015, the Estonian Institute of Economic Research said, writes LETA/ BNS.
Lithuania recorded a current account deficit of 417.3 mln euros for the first half of this year, which accounted for 2.3 % of GDP for the period, the central bank said.
Lithuania rose three notches to number fifteen, the highest ranking among the three Baltic countries, in the Fraser Institute's latest Economic Freedom of the World report, writes LETA/BNS.