Postimees Digest, Tuesday, May 14
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Economic growth slows down.
Estonia's first quarter growth of 1 percent year over year is the lowest the country has seen since Q1 of 2010 as analysts say the country is close to hitting its growth ceiling. The result missed the 3 percent estimate and constitutes a small recession compared to Q4 of last year. Economist Maris Lauri said that Estonia can no longer grow based on recent advantages but doesn't have new ones yet.
Rising energy and other prices coupled with salary expectations mean that Estonia is no longer a cheap country while a necessary leap in terms of values requires capital and added value that is hard to come by in the current situation. Statistics Estonia reports that value added has fallen the most in construction, mining and real estate while it grew the most in commerce, communications and services. Analysts also say that despite growing loan portfolios of companies, the pace of investments is slowing.
People's Assembly proposals to be reviewed in fall.
Member of the Riigikogu Constitutional Committee Mart Nutt (Pro Patria Res Publica Union) said that the parliament will get to the assembly's proposals on public motions and the election law in autumn while the parliament hopes to pass amendments to the Political Parties Act before summer. The People's Assembly presented to the parliament 15 proposals in April that, according to Nutt, concern several different laws and should therefore be handled in various proceedings.