ICT pulling economic growthEconomic growth of 2.7 percent in the final quarter of 2016 took many analysts by surprise. Experts highlight the rise of the information and communication technology sector as the new locomotive of growth in Estonia.Economy
Tax hikes in the pipelineThe general outline of the new coalition's tax policy had more or less taken shape behind closed doors by yesterday evening. It is very probable promises for the coming years will be covered with the help of new consumption taxes, and social and income tax hikes.Economy
Income tax on dividends could be loweredInformation available to Postimees suggests that the prime minister's economic growth working group will propose cutting the rate of income tax on regular dividends to 14 percent, instead of the current 20, as part of a package of changes next Wednesday. Regular dividend payments would be defined as the average distributed profit for the past three years. Anything above that would be subject to the current 20 percent rate.Economy
Wage rise eats into company profitsWhile corporate profits shrunk by 12 percent in first quarter wages rose by eight percent, Statistical Office reported yesterday.Economy
Editorial: no need to panic, no cause to frolicAt change of year, we look back and we look ahead. As shown by the traditional Postimees prediction by economists and an overview of 2015, we have no need for panic while a basis to euphoria is absent as well.Opinion
2016 in economy: expect boredomThough the year now behind us was filled with some sharpness it looked (macro)economically rather dull and LHV economist Heido Vitsur, twice winner of Postimees economic forecast, expects more of the same in 2016.Economy
Estonia emerges as Baltic laggardTwo summers ago as it was already known that Latvia was joining the euro, consultancy EY Estonia head Ivar Kiigemägi predicted this was Estonia's last year with fastest growth in eurozone. He was right.Economy
Vitsur agrees with Arumae's criticism of economic policymakingCommenting on an opinion article critical of Estonia's economic policymaking by Ruta Arumae, former adviser to the prime minister, LHV Pank expert Heido Vitsur said that while he agrees with Arumae that the Estonian state is being governed in a primitive manner, Arumae apparently was lacking an understanding of what was expected of her.Local News
Big parties would bring taxes downFor years, the pre-elections political rhetoric has been don’t play with taxes. This time, all parties are throwing proposals more or less radical.Economy
So how much poorer than Finns are we, actually?While by gross domestic product dwellers of Finland are thrice as rich as us, in purchasing power Estonia is beaten by 1.5 times only.Economy
Cbank: Economic growth is supported by consumption, manufacturingAccording to a flash estimate published by Statistics Estonia on Tuesday the gross domestic product of Estonia in the third quarter increased by 2.1 percent on year and by 0.2 percent compared to the previous quarter, while annual growth of manufacturing and retail sales accelerated which points to an increase in Estonia's economic activity, the Bank of Estonia reports.Economy
The budget brings quite a headacheMoney «pre-eaten» by costly coalition promises and nearly nonexistent economic growth.Economy
Price rise triggered by joining EU continuesAccording to analysts trend won’t stop until Estonian prices catch up with European Union average.Economy
Migrant workers bless Estonia with hundreds of millions of eurosAt an Eesti Pank seminar last week, a central bank economist Orsolya Soosaar said free movement of workers strategy was aimed at achieving maximally inclusive economic growth, boost overall employment, and enhance use of the existing labour force.Economy
Economic indicators in declineIn January, Estonian exports shrink by fifth, imports down 15 per cent.Economy
GDP healed, welfare still hurtingLast year’s Estonian gross domestic product (GDP) amounted to nearly €17bn, beating boom-time levels.Economy
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