International Internet Magazine. Baltic States news & analytics
Tuesday, 25.04.2017, 23:10
The Estonian governmental transit commission that met after a more than seven-year break on Tuesday discussed raising the competitiveness of Estonian ports and plans for using global trade routes in the future, with representatives of businesses expressing their readiness to search for joint solutions with the Ministry of Economic Affairs and Communications, reports LETA/BNS.
Alcoholic beverages bought in Latvia now account for 10 percent of the total amount of alcohol bought by Estonian residents, up from 6 percent in August 2016, it appears from a poll taken by Kantar Emor in March writes LETA/BNS.
stonia boasted a stable forest increment in 2016, which didn't differ much from 2015, the outcome of a statistical forest inventory survey published by the Estonian Environmental Agency indicates writing LETA/BNS.
The gas seller Eesti Gaas sold 176.5 mln cubic meters of gas in the first quarter of 2017, 14.8% less than during the same period a year ago, reports LETA/BNS.
AS Technopolis Ulemiste, developer of the Ulemiste City complex of commercial properties situated between Tallinn's city center and the airport, boosted its net profit 9.2% year over year to 7.1 mln euros and revenue 17% to 12.9 mln euros in 2016, writes LETA/BNS.
Bank of Estonia:Financial stability in Estonia could be threatened by rising prices and increasing transaction activity in the real estate market
Most of the risks to financial stability in Estonia are low in the near future. The ability of companies to service their loans is supported by a recovery in economic growth and slower growth in wages Transaction activity increased in the real estate market and prices started to rise faster, though this has so far been in line with rising incomes. Rapid growth continues in bank loans to companies and households. The debt of the non-financial sector fell as a ratio to GDP as borrowing from abroad was modest, and Eesti Pank is holding the countercyclical buffer rate at 0%. A tax on the financial sector may have a negative side effect on financial stability and the financing of the economy
According to Statistics Estonia, in March 2017, the producer price index of industrial output changed by 0.0% compared to February and by 3.1% compared to March 2016.