BMI View: Estonia's freight transport sector will continue to be affected by a drop in exports owing to a
lack of demand from Russian markets (as a result of the food import ban) in addition to continuing
economic weaknesses in Europe and especially in the Nordic coun ..."
Port Of Tallinn To See Moderate Growth In 2015
Total trade volumes in Estonia are increasing, driven by growing domestic consumption and economic
growth. We forecast that favourable economic conditions such as low unemployment and inflation will
carry on, boosti ..."
Port Of Tallinn To Benefit From Trade Diversification
Tonnage and box throughput growth at Estonia's Port of Tallinn will accelerate slightly in 2015 compared to
2014. While 2014 tonnage grew by only 0.3%, this was the first expansion after three consecutive years of ..."
Competition from the new Russian Baltic port of Ust-Luga remains a continuing negative for Estonia's
Tallinn port. But despite the initial setback on this front, Tallinn has been recovering and diversifying its
business. In 2015 tonnage at the Estonian port is expecte ..."
Estonia's freight transport sector will continue to face headwinds in 2015, with the country's current account
returning to deficit in 2015, with EU economic sanctions on Russia suppressing exports and the accelerating
economic recovery boosting import levels.
2014 has proved a positive year for new vehicle sales within Estonia. Over the first nine months of the year,
passenger car (PC) sales were up by 5% year-on-year (y-o-y), at 15,874 units, according to figures from
Estonia's association of car dealers and service compa ..."
In our last quarterly report, we spoke of a V-shaped recovery in Estonia. Three months on, we are less
optimistic: it is beginning to look more U-shaped. If 2013 was the bottom of the cycle, with GDP growth of
only 0.8%, we are less convinced there will be a sharp acc ..."
V-Shaped Recovery Taking Shape In Estonia
Based on developments and data over the last three months, we have further reduced our estimate for
Estonian GDP growth in 2013, but we have boosted the outlook for 2014. In a nutshell, we believe Estonia
is experiencing ..."
Estonia registered a 0.4% year-on-year (y-o-y) rise in GDP on a seasonally and working-day adjusted basis
in Q3 2013, according to preliminary data released by Statistics Estonia (RTT News). This followed the 1%
increase in GDP registered in Q2 2013. Economic growth w ..."
BMI View: Estonian Economy Is Changing Gears
Since our last quarterly shipping report, we have marginally reduced estimated GDP growth for 2013 to
1.9% (down from 2.1% previously) but we continue to forecast a brisk recovery in 2014, with growth of
3.2%. In our ..."