Jüri Ratas warns that the recovery of the Estonian economy must not create a misleadingly optimistic impression, as the temporary boost financed by government debt does not ensure long-term growth and budget deficits undermine the sustainability of finances. (translated)
Ain Hanschmidt, the president of the Estonian Employers' Confederation, suggests that Estonia should take a cue from the United States in creating its economic environment, emphasizing the need to increase productivity and ambitions to achieve economic growth and an increase in the standard of living. (translated)
Russia carried out a record 13 airstrikes on Kiev over a period of days, during which the city experienced 872 minutes of various alerts, while Ukraine's economic growth is forecasted to drop to just 0.5% instead of the previous 1.3% due to ongoing attacks. (translated)
The Ministry of Economy of Ukraine has lowered the country's economic growth forecast from 1.3 percent to 0.5 percent, as Russia continues massive aerial strikes on key industries in Ukraine. (translated)
The Ministry of Finance forecasts that Estonia's economic growth will accelerate to 2.5 percent in 2023, but financial challenges are increasing, with the budget deficit reaching 4.5 percent next year and the government sector's debt burden increasing, being one of the fastest in the European Union. (translated)
The Estonian government has started discussions on the 2027 state budget and the budget strategy for the next four years, focusing on increasing people's welfare, maintaining economic growth, and investing in education and defense, while keeping in mind the reduction of the deficit and shaping the positions for the new European Union budget period. (translated)
According to Swedbank's economic forecast, the economy in Estonia will grow moderately, although the main problem is slow productivity growth. However, the increase in private consumption and government sector investments supports GDP growth, which will rise by 2% this year and 2.5% next year, while the unemployment rate decreases and inflation slows down. (translated)
British think tank RUSI senior researcher Charles Parton warns that the Chinese economy is stuck and the country's leader Xi Jinping is not ready to implement the necessary market-based reforms, which could lead to prolonged stagnation and a deepening trade conflict with the West. (translated)
In the article, Erkki Keldo emphasizes that continuous criticism of the state and business environment does not promote the growth of the Estonian economy, but rather the necessary investments and planning reforms create better conditions for production to establish and sustain itself in Estonia. (translated)
The economist of the Bank of Estonia, Peeter Luikmel, points out that the boom of Russia's wartime economy is fading, as economic growth forecasts have significantly dropped, employment problems and high interest rates are limiting economic development, and real economic growth will remain below 1.5 percent for this year. (translated)
The European stock market has surprised this year with strong growth and resilience, contrasting with weaker economic growth, and investment strategies are changing as technology and improving corporate results drive money back to Europe. (translated)
In Estonia, land tax will significantly increase as the assessment method is changed, leading to higher taxes, but the responsibility for this is passed on to local governments, while the ministry does not explain the consequences of the tax increase, which may worsen homeowners' economic uncertainty and harm economic growth. (translated)
The heatwave hitting Europe is putting significant pressure on the economy, increasing food prices and disrupting supply chains, while low water levels in rivers such as the Rhine and Danube hinder industrial production and lead to rising inflationary pressure. (translated)
The artificial intelligence boom in the USA, which increases economic growth and brings new investments and jobs, also raises concerns that it may burden other economic sectors and increase inflation, which diminishes consumer purchasing power. (translated)
New research shows that the largest city of the Indus culture, Mohenjo-daro, reached its peak by promoting social equality and sharing wealth compared to other early civilizations, which have been associated with economic growth and increasing inequality. (translated)
Coopi cooperative leader Rainer Rohtla acknowledged that consumers' fear of what is happening in the world is slowing down purchasing behavior, despite the fact that the Estonian economy has gradually grown over five quarters, but the decline in manufacturing and retail raises concerns about the future. (translated)
The U.S. economic growth slowed more than expected in the spring, but household spending and business investments continued to support the economy, while fuel prices and geopolitical tensions with Iran increased, raising inflation and creating questions about the Federal Reserve's next steps. (translated)
Venemaa keskpank prognoosib, et riigi majanduskasv 2023. aastal tõenäoliselt seiskub ning inflatsioon kiireneb kütusekriisi tõttu 6–7 protsendini, mis on oluliselt halvem kui eelnevalt oodatud, samas nähakse ette toiduainete pakkumise vähenemist ja hindade tõusu järgmistel aastatel. #venemajandus #nabiullina #venemaainflatsioon
Venemaa keskpank kärpis baasintressi 25 baaspunkti võrra, mis tõi esile vastuolulisi arvamusi analüütikute seas seoses majanduse toetamise ja kasvava inflatsioonisurve muredega, samas kui samaaegselt tõsteti inflatsiooniprognoosi ja kärpiti majanduskasvu ootusi. #Venemaa #intressimäär #majandusteadus
Briti peaminister Andy Burnham avab reedel Manchesteris põhjapiirkonna büroo, et alustada plaani Londonis koondunud võimu kärpimiseks ja edendada majanduskasvu kohalikes piirkondades. #Ühendkuningriik #AndyBurnham #Manchester
