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Estonia

Foreign trade increased faster in Estonia in 2016 than in the euro area as a whole

The surplus on the current account of the Estonian balance of payments in 2016 was the largest since independence was regained Foreign trade picked up last year as both exports and imports increased Estonia is one of the few EU member states to owe less to other countries than is owed to it According to […]

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Price rises in February were primarily due to higher prices for oil and food – Bank of Estonia

Data from Statistics Estonia show that consumer price inflation was 3.4% in February, with prices up 1.3% on the previous month.Preliminary estimates put inflation in the euro area at 2% and prices had stopped falling in all the euro area countries according to the latest data from January. Higher inflation reduces the purchasing power of […]

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Eesti Pank made a payment of 188 million euros to the International Monetary Fund

Eesti Pank made an additional payment to the International Monetary Fund today of 188 million euros, which will increase Estonia’s participation in the IMF. This is part of the final phase of reform of the IMF quotas, which aims to increase the voting rights of developing countries. Estonia’s participation or quota increased by some 150 […]

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Statistics Estonia: In September foreign trade continued to decrease

According to Statistics Estonia, in September 2015, exports of goods decreased by 10% and imports by 9% compared to September of the previous year. Summing up the first three quarters of 2015, exports decreased 3% and imports 5% compared to the same period a year ago. In September, exports from Estonia amounted to 1 billion […]

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Statistics Estonia: Stable growth in retail sales continued in September

According to Statistics Estonia, in September 2015 compared to September of the previous year, the retail sales of goods of retail trade enterprises increased 9% at constant prices. In the last four months, retail sales have been increasing steadily by 8–9% compared to the same month of the previous year. In September 2015, the retail […]

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Activity in the Estonian external economy continued to decline in August

The flash estimate1 put the Estonian current account at 6 million euros in surplus in July 2015. Exports and imports of goods, services and investment income were all down in August. Exports and imports of other income were boosted by the active use of subsidies from the European Union Structural Funds and by transfers to […]

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