|WEEK 40th 2004
Monday, 27th of September, 2004
Estonian trade deficit at EEK 3.3 billion in July
According to preliminary data, Estonian trade deficit was EEK 3.3 billion, up from 2.6 billion in June. Exports increased 31 percent in July 2004 compared to July 2003. In July the share of EU countries in exports was 79 percent. Imports increased 29 percent in July 2004 compared to July 2003.
Production of agricultural output increased 4 percent last year
By preliminary calculations in 2003 the output of agricultural industry in basic prices totalled EEK 7 billion, which is 4 percent more than a year earlier. According to the Statistical Office of Estonia, the output of agricultural industry grew in the last year as a result of the increase in subsidies and prices, the output of agricultural industry at constant prices decreased 10 percent.
Turnover of companies grew in the 2Q
Net turnover of Estonian enterprises grew 15 percent or by EEK 11.9 billion compared to respective period last year. Biggest growth came from construction sector. Second biggest turnovers came from health and social care establishments private hospitals, dental care, private kindergartens etc. Mining industry enterprises were on the third position in terms of growth in turnover.
Wednesday, 29th of September, 2004
Economic growth responded to expectations
The 5.9 percent growth of Estonian economy in the 2Q responded to expectations. Stable growth will continue also during next quarters.
According to Suprema analyst Anet Tomberg, the 2Q economic growth demonstrates stability. In 2Q, Estonian economy grew 5.9 percent compared to 3.5 percent in respective period last year.
Thursday, 30th of September, 2004
August retail sales in Estonia up 14.7 percent in a year
Retail sales in Estonia increased 14.7 percent year-on-year in August to EEK 3.4 billion (218 million euros). According to the statistical office, retail sales dropped by EEK 68 million from July. Retail sales by companies specialising in the sale, service and repair of motor vehicles and sale of motor fuel were EEK 666 million, including fuel retail in the amount of 428 million.
Baltic Weekly MonitorA