Eesti Pank

The loan and lease portfolio continued to increase relatively quickly in July, growing by 5% over the year The average interest rate on loans has risen slightly in recent months The volume of deposits was 7.3% larger in July than … Read the full press release →

The fall in the price level was again mainly due to cheaper energy Services prices are rising, reflecting wage and inflation pressures in Estonia The price of industrial goods has not reacted to rises in incomes and demand The consumer … Read the full press release →

The two-euro circulation coin dedicated to the 100th anniversary of the birth of Paul Keres will be issued on 7 January Coins will be available from the Eesti Pank museum and online shop from 12.00 noon on 8 January The … Read the full press release →

Rapid wage rises have encouraged people to participate in the labour market more actively: despite the decline in the working age population the labour force increased in the first half of the year. Annual growth in employment was fast in … Read the full press release →

At the end of its recently finished annual visit to Estonia to assess Estonian economic policy, the IMF projected the near-term potential output growth of the Estonian economy   at 3% per year, which is slightly below the estimate of Eesti … Read the full press release →

Tallinn, Estonia, 27-02-2015 — /EuropaWire/ — Data from Statistics Estonia show that the average gross monthly wage increased by 5.3% over the year in the fourth quarter of 2014, and the gross hourly wage by 6%. This growth was faster than … Read the full press release →

Tallinn, Estonia, 5-2-2015 — /EuropaWire/ — The Eesti Pank executive board has decided to put the Maardu manor estate up for sale at a starting price of two million euros. The real estate company Colliers International Advisors OÜ has been chosen … Read the full press release →

Tallinn, Estonia, 13-1-2015 — /EuropaWire/ — The exhibition ‘Lithuanian Money from the Litas to the Euro’ opens on 13 January in the Eesti Pank museum. It tells the story of the history of money in Lithuania and is being presented to … Read the full press release →

Tallinn, Estonia, 15-8-2014 — /EuropaWire/ — Data from Statistics Estonia show that the number of employed fell by 1.2% year on year in the second quarter of 2014. A low rate of participation in the labour force meant that the unemployment rate … Read the full press release →

Tallinn, Estonia, 27-1-2014 — /EuropaWire/ — A notable feature of the Estonian payment environment is the large share of electronic payments. In the fourth quarter of 2013, 99.6% of all payments between banks were initiated electronically. An average of only 1100 payments per … Read the full press release →

The 2013 Eesti Pank doctoral studies research award of 2300 euros went to Anne Lauringson for her work on how unemployment benefits affected labour market outcomes in Estonia in the economic crisis. The master’s studies research award of 1300 euros … Read the full press release →

25-7-2013 — /EuropaWire/ — The report published last week by the European Central Bank on card fraud showed that card payments have become more secure due to technological advances and that the share of card transactions that are fraudulent has fallen … Read the full press release →

15-2-2013 — /europawire.eu/ — Data from Statistics Estonia show that the number of employed rose in the last quarter of 2012 by 1.7%, though in seasonally adjusted terms, the employment rate was below the rate for the third quarter. Almost all … Read the full press release →

15-2-2013 — /europawire.eu/ — Increased sales turnover and investments of companies have increased their need for financing. The growth in profits has helped companies to fund their investments partly from internal sources, while reinvested profit has boosted companies’ equity. Due to greater … Read the full press release →

15-2-2013 — /europawire.eu/ — The preliminary estimate of Statistics Estonia shows that the Estonian economy grew by 3.7% year-on-year in the fourth quarter of 2012, and 0.9% quarter-on-quarter. In 2012 as a whole, the economy grew by 3.2%, which is faster … Read the full press release →

14-2-2013 — /europawire.eu/ — As had been expected the consumer price index underwent a one-off jump in January. The price level increased by 0.7% from the previous month and price growth was 3.4% in annual terms. The price of electricity was … Read the full press release →

14-2-2013 — /europawire.eu/ — From February 2014 all bank accounts will become international. This means they will be changed into IBAN (International Bank Account Number) form. In the second half of this year, all domestic direct debits will be replaced by an … Read the full press release →

13-2-2013 — /europawire.eu/ — In a speech on Friday evening in Põlva to the Estonian Economic Association, Governor of Eesti Pank Ardo Hansson said that the Estonian economy has performed well given the sovereign debt crisis in the euro area, and … Read the full press release →

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the joint ECB-MNB conference on “Cost and efficiency of retail payments: Evidence, policy actions and role of central banks”, Budapest, 20-11-2012 — /europawire.eu/ — Ladies and gentlemen [1], It is a great … Read the full press release →