DOCSLIB.ORG

Overview of the Estonian Economy 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Overview of the Estonian Economy 2013 Ministry of Economic Affairs and Communications Ministry of Finance OVERVIEW OF THE ESTONIAN ECONOMY 2013 Tallinn 2014 Contents Macroeconomics ............................................................................................................................................................................... 3 Foreign Trade..................................................................................................................................................................................... 6 Exports ........................................................................................................................................................................................... 6 Imports ........................................................................................................................................................................................... 8 Manufacturing Industry .................................................................................................................................................................. 10 Food and Beverage Production .................................................................................................................................................... 13 Manufacture of Textiles ................................................................................................................................................................. 16 Manufacture of Wearing Apparel ................................................................................................................................................. 18 Wood Processing ............................................................................................................................................................................. 20 Manufacture of Pulp, Paper and Paper Products ...................................................................................................................... 22 Chemical Industry ........................................................................................................................................................................... 24 Manufacturing of Rubber and Plastic Products ......................................................................................................................... 27 Manufacture of Metals and Metal Products ............................................................................................................................... 29 Manufacture of Machinery and Equipment ............................................................................................................................... 31 Manufacture of Electronic and Electrical Equipment .............................................................................................................. 33 Manufacturing Means of Transport ............................................................................................................................................. 36 Manufacture of Furniture .............................................................................................................................................................. 38 Construction Sector ........................................................................................................................................................................ 40 Domestic Trade ............................................................................................................................................................................... 43 Retail Business ............................................................................................................................................................................. 44 Tourism ............................................................................................................................................................................................. 46 Inbound Tourism ....................................................................................................................................................................... 48 Domestic Tourism ...................................................................................................................................................................... 49 Outbound Tourism .................................................................................................................................................................... 49 Information and Communication ................................................................................................................................................ 51 Transport .......................................................................................................................................................................................... 55 Annexes ............................................................................................................................................................................................. 59 Abbreviations in text: y-o-y – year-over-year r.s. – right scale l.s. – left scale * – preliminary, short term statistics Overview of the Estonian Economy 2013 3 Macroeconomics footwear, was still lower by one-fifth from the highs Positive trends continued to dominate the economy of the boom era. of Estonia during 2013 - the unemployment rate fell, price increases slowed down, employment continued % y-o-y Economic growth to increase and the real growth of wage income 20 picked up significantly. Economic growth was faster 15 than the EU average, although it slowed down 10 considerably in the second half of the year. The 5 annual GDP growth in Estonia in 2013 was 0.8%. 0 The growth inhibited mostly the transport and -5 storage sector and added the value that was eventually -10 -15 affected by reduced transit flows. Also, the decrease -20 of the added value of construction and professional 2001 2003 2005 2007 2009 2011 2013 and technical activities had an important influence for European Union the economy. GDP growth was supported by Source: Statistics Estonia domestic demand-oriented sectors to the economy, Estonia % y-o-y in Domestic demand particularly wholesale and retail trade and 40 information and communication. Aside from 30 domestic demand, the manufacturing industry 20 contributed to the growth of the value added which 10 grew along with the recovery of external demand. 0 -10 The growth of domestic demand decelerated in 2013 -20 due to the stalling of the growth in investments (1%) -30 -40 although private consumption continued to grow at a -50 rapid pace (4.2%). In the year 2012 investments made 2001 2003 2005 2007 2009 2011 2013 half of the growth of domestic demand, but in the Private consumption first half of the year 2013 the real investment volumes Source: Statistics Estonia Investments produced a descent decline. Throughout the year, investment in the growth of residential real estate In 2013, foreign trade was affected by moderate picked up, accompanied by a significant increase in foreign demand and a decrease of re-export. The prices. Regarding enterprises, growth in investment in weighted average the economic growth of trading machinery and equipment continued and due to the partners was the lowest in recent years and demand low base level the construction of buildings and for imports was in decline in several important export facilities also rose rapidly. Purchase of new trains markets. The goods and services export growth increased investment in the means of transport. slowed from 5.6% in the year 2012 to 1.8% in the Government investment in buildings and structures year 2013. In previous first half of the year, exports decreased significantly in relation to the ending of the remained strong, in the second half exports turned previous period of EU structural funds. The low into a small recession. Comparing groups of goods, aggregate level of investments remained below the the growth was driven by wood and wood products, pre-crisis level mainly because cautious companies food products and textiles. Export of metals and established new and renovated buildings on a small machinery and equipment was in decline. Across scale. Also, investment in housing and transport countries, exports increased the most to Latvia, whilst remained significantly lower. Investments in a larger decline in exports to the USA was due to a machinery and equipment grew, however, almost on decrease of re-exports. Due to decreased transits and a pre-crisis trend and exceeded their previous peak a decrease of exports in engineering services, the levels. The continued rapid growth of private export of services also suffered a small decline. The consumption in 2013 received support from growth in imports surpassed exports in the year 2013 accelerating wage increases, moderate employment due to strong import of services and a continued growth and unemployment reduction. Real income increase of consumer spending. growth came from a sharply slower price rise in the Despite the weakness of the export markets, the second half of the year. Also, consumer confidence external balance in the year 2013 improved. The moved in an upward trend for the second year in a current account deficit narrowed to 1% of GDP row. As income growth was broad-based, then the due to lower deficits in revenue. Revenues earned by growth in consumption of non-durable goods, Estonian enterprises in
Load more

Recommended publications
  • Estonian Ministry of Education and Research
    Estonian Ministry of Education and Research LANGUAGE EDUCATION POLICY PROFILE COUNTRY REPORT ESTONIA Tartu 2008 Estonian Ministry of Education and Research LANGUAGE EDUCATION POLICY PROFILE COUNTRY REPORT ESTONIA Estonian Ministry of Education and Research LANGUAGE EDUCATION POLICY PROFILE COUNTRY REPORT ESTONIA Tartu 2008 Authors: Language Education Policy Profile for Estonia (Country Report) has been prepared by the Committee established by directive no. 1010 of the Minister of Education and Research of 23 October 2007 with the following members: Made Kirtsi – Head of the School Education Unit of the Centre for Educational Programmes, Archimedes Foundation, Co-ordinator of the Committee and the Council of Europe Birute Klaas – Professor and Vice Rector, University of Tartu Irene Käosaar – Head of the Minorities Education Department, Ministry of Education and Research Kristi Mere – Co-ordinator of the Department of Language, National Examinations and Qualifications Centre Järvi Lipasti – Secretary for Cultural Affairs, Finnish Institute in Estonia Hele Pärn – Adviser to the Language Inspectorate Maie Soll – Adviser to the Language Policy Department, Ministry of Education and Research Anastassia Zabrodskaja – Research Fellow of the Department of Estonian Philology at Tallinn University Tõnu Tender – Adviser to the Language Policy Department of the Ministry of Education and Research, Chairman of the Committee Ülle Türk – Lecturer, University of Tartu, Member of the Testing Team of the Estonian Defence Forces Jüri Valge – Adviser, Language Policy Department of the Ministry of Education and Research Silvi Vare – Senior Research Fellow, Institute of the Estonian Language Reviewers: Martin Ehala – Professor, Tallinn University Urmas Sutrop – Director, Institute of the Estonian Language, Professor, University of Tartu Translated into English by Kristel Weidebaum, Luisa Translating Bureau Table of contents PART I.
    [Show full text]
  • Baltic Treasures Itinerary: Vilnius
    BALTIC TREASURES ITINERARY: VILNIUS- TRAKAI -HILL OF CROSSES-RUNDALE-RIGA–SIGULDA-PARNU- SAAREMAA-KURRESAARE-HAAPSALU-TALLINN DURATION: 9 days / 8 nights Day 1 Vilnius Arrival in Vilnius, the capital city of Lithuania Transfer from the airport to the hotel Check in at the hotel Overnight in Vilnius Day 2 Vilnius – Trakai Breakfast at the hotel. Vilnius city tour 3h Vilnius, the capital of Lithuania was founded in 1323 when Grand Duke Gediminas built a castle there, nowadays bustling city with one of the oldest and most charming Old Towns in Europe. The splendid architectural blend of Gothic, Renaissance, and Baroque styles makes this a wonderful city to explore. During sightseeing tour you will visit Old town, which is included to the UNESCO World Heritage. Visit Cathedral and Cathedral Square and pass by Gediminas Avenue, the Parliament and President's Palace, Vilnius University and Town Hall. Continue walking narrow old streets, visit St. Anna's Church - a gem of Gothic architecture, Gates of Dawn and St. Peter-Paul Church. Further way to Trakai. Visiting Trakai castle 2h Trakai, the former capital of Lithuania, which is situated on an island in the middle of a lake. The 14th century red brick castle now houses the Art Museum. The castles of Trakai are the best known works of defensive architecture in Lithuania. The old town of Trakai, which includes the Island and the Peninsula Castles, surrounded by lakes, is one of the most impressive and most picturesque locations in Europe. Here still reside small national minority of Karaites, which is confessing Judaism. It is believed they were brought from the Crimea by the Grand Lithuanian Duke Vytautas.
    [Show full text]
  • Rail Baltica Global Project Cost- Benefit Analysis Final Report
    Rail Baltica Global Project Cost- Benefit Analysis Final Report 30 April 2017 x Date Table of contents Table of contents ........................................................................................................................ 2 Version ...................................................................................................................................... 2 1. Terms and Abbreviations ...................................................................................................... 3 2. Introduction ........................................................................................................................ 5 2.1 EY work context ................................................................................................................ 5 2.2 Context of the CBA ............................................................................................................ 5 2.3 Key constraints and considerations of the analysis ................................................................ 6 3. Background and information about the project ....................................................................... 8 3.1 Project background and timeline ......................................................................................... 8 3.2 Brief description of the project ........................................................................................... 9 4. Methodology ....................................................................................................................
    [Show full text]
  • Fishing in Estonia
    NOTE Policy Department Structural and Cohesion Policies FISHING IN ESTONIA FISHERIES May 2007 EN Directorate-General Internal Policies of the Union Policy Department Structural and Cohesion Policies FISHERIES FISHING IN ESTONIA NOTE Content: Briefing note for the Delegation of the Committee on Fisheries to Estonia from 28 to 30 June 2007. The note describes the fisheries sector in Estonia. It also describes the regulation of fishing in the Baltic Sea and the methods by which the Individual Transferable Quotas (ITQs) system is applied in Estonia. IPOL/B/PECH/NT/2007_05 26/05/2007 PE 389.583 EN This note was requested by the European Parliament’s Committee on Fisheries. This paper is published in the following languages: - Original: ES. - Translations: DE, EN, ET, FR, IT, PT, SV. Author: M. Jesús Iborra Martín Policy Department Structural and Cohesion Policies European Parliament B-1047 Brussels E-mail: [email protected] Manuscript completed in may, 2007. This note is available on: - Website : http://www.europarl.europa.eu/activities/expert/eStudies.do?language=EN Brussels, European Parliament, 2007. The opinions expressed in this document are the sole responsibility of the author and do not necessarily represent the official position of the European Parliament. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the publisher is given prior notice and sent a copy. Fishing in Estonia Table of Contents 1. Introduction.........................................................................................................................
    [Show full text]
  • Island Hopping in Estonia: a Hiiumaa, Saaremaa and Muhu Padise Tallinn Kardla Baltic Se Hiiumaa Haapsalu
    SELF-GUIDED Etonia FINLAND Helsinki Island Hopping in Estonia: a Hiiumaa, Saaremaa and Muhu Padise Tallinn Kardla Baltic Se Hiiumaa Haapsalu ain/Bus Koguva Varbla Tr ESTONIA Leisi Pärnu Saaremaa Kuressaare LATVIA Tour distances: cycling ~480 km/300 mi, ferry 44 km, 12 days/11 nights TOUR INFORMATION Cycling grade: We grade this trip as easy to moder- ate. Daily signposted biking routes, mainly on roads with little traffic and cycle paths in towns. The terrain 12-days self guided cycling tour from/to Tallinn (Code: SG9P) is varied and rolling with some gradual hills on some cycling days between Tallinn and Padise. 3 ferries be- Estonia is characterised by its unique natural landscapes and traditional hospitality. Vibrant cities, tween the Estonian islands are planned on this tour desert beaches, peace and the unspoiled beauty of the countryside - a paradise for cyclists. But it’s the (pay locally). Estonian islands which are the jewels of the country. You’ll spend your holiday on these islands which Arrival & departure information / Transfers are amongst the most beautiful that the Baltic Sea has to offer. Lighthouses and windmills are the land- Airport: Tallinn (www.tallinn-airport.ee) marks of these islands. To begin your journey, you will get to know the Estonian capital Tallinn. This tour Ferry terminal: Tallinn (regular ferry lines from Hel- then takes you from Haapsalu to the second largest island Hiiumaa before crossing to the biggest island, sinki (FI) & Stockholm (SE)) Saaremaa. En route back to the mainland, you’ll cycle on the island of Muhu & from there into the sum- Transfer: (price for one way for up to 3 people) mer capital of Estonia, Pärnu.
    [Show full text]
  • Haapsalu Linna Ja Ridala Valla Osas Haldusterritoriaalse Korralduse Ja Vabariigi Valitsuse 3. Aprilli 1995
    Vabariigi Valitsuse määruse „Haapsalu linna ja Ridala valla osas haldusterritoriaalse korralduse ja Vabariigi Valitsuse 3. aprilli 1995. a määruse nr 159 „Eesti territooriumi haldusüksuste nimistu kinnitamine“ muutmine“ eelnõu seletuskiri 1. Sissejuhatus 1.1. Sisukokkuvõte Vabariigi Valitsuse määruse „Haapsalu linna ja Ridala valla osas haldusterritoriaalse korralduse ja Vabariigi Valitsuse 3. aprilli 1995. a määruse nr 159 „Eesti territooriumi haldusüksuste nimistu kinnitamine“ muutmine“ eelnõu (edaspidi eelnõu) eesmärgiks on Eesti haldusterritoriaalse korralduse muutmine uue haldusüksuse moodustamisel kohaliku omavalitsuse üksuste (edaspidi ka omavalitsus) volikogude algatusel. Eelnõu toetub omavalitsuste initsiatiivile algatada omaalgatuslikult omavalitsuste ühinemine moodustamaks tugevam, võimekam ja jätkusuutlikum omavalitsusüksus. Eestis on hetkel 15 maakonda ning 213 omavalitsust, mis jagunevad 183 vallaks ja 30 linnaks. Eelnõuga muudetakse haldusterritoriaalset korraldust Lääne maakonnas, mille käigus moodustub kahe Lääne maakonda kuuluva omavalitsusüksuse ühinemise teel üks uus omavalitsusüksus. Hetkel kuulub Lääne maakonda üks linn ja üheksa valda, pärast haldusterritoriaalse korralduse muutmist jääb maakonda üks linn ja kaheksa valda. Omavalitsuste koguarv Eestis väheneb ühe omavalitsuse võrra 212-le, kokku 182 valda ja 30 linna1,2. Ühinevad omavalitsused on3: 1) Haapsalu linn (pindala 11 km2 ja rahvaarv 10 267), 2) Ridala vald (pindala 254 km2 ja rahvaarv 3350). Eelnõuga rahuldatakse sisuliselt Haapsalu linna ja Ridala valla
    [Show full text]
  • Onshore Power Supply for Cruise Vessels – Assessment of Opportunities and Limitations for Connecting Cruise Vessels to Shore Power
    Onshore Power Supply for Cruise Vessels – Assessment of opportunities and limitations for connecting cruise vessels to shore power Vidar Trellevik © 04.01.2018 GREEN CRUISE PORT is an INTERREG V B project, part-financed by the European Union (European Regional Development Fund and European Neighbourhood and Partnership Instrument). ONSHORE POWER SUPPLY FOR CRUI SE VESSELS Assessment of opportunities and limitations for connecting cruise vessels to shore power Bergen og Omland Havnevesen Report No.: 2017-1250 Rev. 0.1 Document No.: 113LJAJL-1 Date: 2018-01-04 1 TABLE OF CONTENTS TABLE OF CONTENTS ................................................................................................................. 3 1 EXECUTIVE SUMMARY ................................................................................................... 4 2 INTRODUCTION ............................................................................................................ 6 Background 6 Abbreviation list 7 3 METHODOLOGY ............................................................................................................ 7 4 GENERAL ON ONSHORE POWER SUPPLY .......................................................................... 8 System and technology description 8 Shore connection standards 10 5 INTERNATIONAL DEVELOPMENTS AND REGULATI ONS ...................................................... 11 International policy and regulations 11 EU regulations and incentives 12 6 CALCULATI ON PAPAMETERS ........................................................................................
    [Show full text]
  • In the Baltic States
    SEAPORTS IN THE BALTIC STATES FLANDERS INVESTMENT & TRADE MARKET SURVEY Seaport in the Baltic States December 2017 Thomas Castrel, Vlaams economisch vertegenwoordiger Flanders Investment & Trade Gedimino Prospektas 20 LT-01103 Vilnius Lithuania [email protected] Seaports in the Baltic States, 2017 1 Table of Content Introduction ............................................................................................................................................. 3 Klaipėda State Seaport ............................................................................................................................ 5 Overview ............................................................................................................................................ 5 Activities ............................................................................................................................................. 6 Connectivity and advantages ............................................................................................................. 7 Cargo volume & structure .................................................................................................................. 8 Klaipėda port expansion and dredging 2018-2022 .......................................................................... 10 Port of Liepāja ....................................................................................................................................... 11 Overview .........................................................................................................................................
    [Show full text]
  • The Carlsons at Home in Estonia, 1926-1937
    The Carlsons: At Home in Estonia U.S. Consul Harry E. Carlson (Eesti Filmiarhiiv) U.S. Consul Harry E. Carlson and his wife Laura Reynert Carlson were two early fans of Estonia. While the normal tour of duty for a U.S. Consul was just two years, the Carlsons spent almost eleven years in Tallinn from 1926 to 1937. They liked life in Estonia so much that they kept summer homes in Haapsalu and Valgejõe where they spent their weekends and summers just like many Estonian couples. Making Estonia into a real family home, Harry and Laura's son Harry Edwin Reynert Carlson was born in Tallinn on October 21, 1927 – thereby setting a precedent which many U.S. diplomats have since followed. Harry Jr.'s sister Margaret Elisabeth Reynert Carlson was born here several years later on January 30, 1932. The Carlson's made themselves at home in Estonia in many other ways. Harry was a well-known fisherman and went fishing every chance he got. On February 1, 1937, Rahvaleht described Harry as belonging to a "family of famous sports fishermen." Like many Americans, Harry also liked to drive – he would take his car and drive his family all across Estonia to fish or spend time in the country-side. According to Postimees (May 5, 1932), one of the Carlsons' favorite places was Rõuge in southern Estonia near the town of Võru. By the end of his extended tour in Estonia, Harry seemed to have developed a particular affinity for Estonian summers. During his farewell interview to Uus Eesti (January 21, 1937), Harry was quoted as saying: "Estonia is not so rich in nature and the climate here is not that pleasant either, but the short Estonian summer is very appealing." By the time the Carlsons left for their onward assignment in London on February 1, 1937, they seem to have adjusted quite well to life in Estonia.
    [Show full text]
  • Baltic Sea Region Co-Operation on Sustainable Urban Heritage Management
    BALTIC SEA REGION CO-OPERATION ON SUSTAINABLE URBAN HERITAGE MANAGEMENT Activities of the working group Sustainable Historic Towns 2001 - 2002 Baltic Sea Region Co-operation on Nordic Council of Ministers Sustainable Urban Heritage Management Store Strandstræde 18 DK-1255 Copenhagen K TemaNord 2003:565 Phone (+45) 33 96 02 00 © Nordic Council of Ministers, Copenhagen Fax (+45) 33 96 02 02 2003 Nordic Council ISBN 92-893-0964-4 Store Strandstræde 18 ISSN 0908-6692 DK-1255 Copenhagen K Phone (+45) 33 96 04 00 html-version: Ventus Digital I/S Fax (+45) 33 11 18 70 www.norden.org 1 PREFACE Town Raahe on the eastern cost of the Gulf of Bothnia. Photo National Board of Antiquities of Finland. The co-operation between Finland, Norway and Sweden on the preservation of Nordic wooden towns was carried out in the late 1960s. The work resulted in developed methods on urban heritage inventories and conservation plans for several individual wooden towns. The conclusions were disseminated in a number of publications and a conclusive conference. The concern for the preservation of wooden towns and built areas in the Baltic countries resulted in Nordic-Baltic heritage authorities' co-operation in the years 1997-2000. A series of conferences was arranged to enhance the cultural values of the urban environment in wood in the Baltic States and to discuss problems on infillarchitecture in the historic urban fabric. The conclusive conference on "Historical European Towns - Identity and Change" was held in Oulu, Finland in 2000. The seminar was arranged with financial grants from the EU Raphael Programme.
    [Show full text]
  • Tartu Handbook
    1 A Short Guide to Living in Tartu, Estonia This guide was written by a Nebraska Wesleyan University (NWU) professor and Fulbright Scholar who taught at the University of Tartu from August 2011 – June 2012. The opinions expressed here are those of the professor, her husband and children (ages 12 and 8) who made discoveries about what to bring, where to eat and which Estonian phrases to master through trial and error. Their opinions do not reflect those of the US State Department or NWU. This guide is designed to supplement the materials students receive from NWU and the University of Tartu, and those that scholars receive from the US State Department and the American Embassy in Tallinn. What to Bring Euros (about 300€ to get started) A credit card with no currency exchange fees Umbrella Winter coat, scarf, hat, mittens, water-proof boots (woolens can be purchased here, see below) Excellent walking shoes (Estonians wear sneakers, but not bright white ones) Insect repellant (only spring semester) Any brand name personal item that you cannot live without (deodorant, shampoo, feminine hygiene products, contact lens solution, etc.) These products are widely available here, but in fewer brands. Peanut butter (If you happen to love it. You will not find any American peanut butter here). Laptop (you will find free Wi Fi nearly everywhere) An E-reader to easily purchase English language books Meghan K. Winchell [email protected] June 2012 2 Taking the Bus from Tallinn Airport to Tartu Arrive at the airport. Collect your luggage. Exit the airport. Walk to the Takso (taxi) stand.
    [Show full text]
  • Group Annual Report 2019
    TRANSLATION OF THE ESTONIAN ORIGINAL GROUP ANNUAL REPORT 2019 TABLE OF CONTENTS 1 WorldReginfo - f77d5b70-799a-46bf-8460-5ac0d9ef2223 TRANSLATION OF THE ESTONIAN ORIGINAL AS Tallinna Sadam GROUP ANNUAL REPORT 2019 Commercial Registry no. 10137319 VAT registration no. EE100068489 Postal address Sadama 25 15051 Tallinn Estonia Registered office Sadama 25 15051 Tallinn Estonia Country of incorporation Republic of Estonia Phone +372 631 8555 E-mail [email protected] Corporate website www.ts.ee Beginning of financial year 1 January End of financial year 31 December Legal form Limited company (AS) Auditor KPMG Baltics OÜ TABLE OF CONTENTS 2 WorldReginfo - f77d5b70-799a-46bf-8460-5ac0d9ef2223 TRANSLATION OF THE ESTONIAN ORIGINAL Contents 1 TALLINNA SADAM AT A GLANCE 5 1.1 Business model 6 1.2 Key performance indicators for 2019 8 1.3 Significant events in 2019 9 1.4 Letter from the chairman of the supervisory board 11 1.5 Letter from the Chief Executive 12 1.6 Vision, mission, values 13 1.7 Strategy 14 1.8 Tallinna Sadam’s stakeholder groups 15 2 SERVICE RESPONSIBILITY 16 2.1 Safety and security 17 2.2 Quality management and risks 18 2.3 Customers and suppliers 19 3 ENVIRONMENT 20 3.1 Clean air 21 3.2 A clean Baltic Sea 23 3.3 Energy efficiency and sustainable use of natural resources 24 4 PEOPLE AND OCCUPATIONAL SAFETY 26 5 GIVING BACK TO SOCIETY 29 5.1 Participation in organisations 30 5.2 Sustainable development cooperation 31 6 BUSINESS REVIEW 32 6.1 Key performance indicators 33 6.2 Economic environment 34 6.3 Overview of the market: passengers
    [Show full text]