natgillin/translations-raw huggingface dataset:
This is a waste of limited resources and reduces long-term productivity.
This is a waste of limited resources and reduces long-term productivity.
There is a saying that “a crisis should not be wasted” – negative shocks to an economy should lead to productivity gains.
There is a saying that “a crisis should not be wasted” – negative shocks to an economy should lead to productivity gains.
Our experience shows that quick decision-making and decisive policy actions can shorten the period of uncertainty that also weighs on economic activity.
Our experience shows that quick decision-making and decisive policy actions can shorten the period of uncertainty that also weighs on economic activity.
People and entrepreneurs in countries with delayed reforms overreact, leading to a higher level of risk aversion than necessary.
People and entrepreneurs in countries with delayed reforms overreact, leading to a higher level of risk aversion than necessary.
Overshooting in risk aversion results in lost jobs and postponed investments.
Overshooting in risk aversion results in lost jobs and postponed investments.
Estonia, for example, lost almost 20% of its GDP during the crisis.
Estonia, for example, lost almost 20% of its GDP during the crisis.
By now we have regained the pre-crisis level, contrary to many countries that preferred to delay the necessary reforms.
By now we have regained the pre-crisis level, contrary to many countries that preferred to delay the necessary reforms.
Some of them still face years of decreasing economic output.
Some of them still face years of decreasing economic output.
In summary, I would like to stress that prolonged fiscal consolidation and structural reforms can lead to unnecessary costs to the society.
In summary, I would like to stress that prolonged fiscal consolidation and structural reforms can lead to unnecessary costs to the society.
Some countries have chosen to delay the pain and take only gradual steps with their structural reforms, but this has in fact resulted in a reduction of the overall economic activity to the extent that might be no less than the short-term cost of a quicker adjustment.
Some countries have chosen to delay the pain and take only gradual steps with their structural reforms, but this has in fact resulted in a reduction of the overall economic activity to the extent that might be no less than the short-term cost of a quicker adjustment.
The difference is that they are still not done and cannot hope for a rebound that might otherwise be there.
The difference is that they are still not done and cannot hope for a rebound that might otherwise be there.
Further information:  Viljar Rääsk  Public Relations Office  Tel: +372 668 0745, +372 527 5055  E-mail: viljar.raask [at] eestipank.ee  Media queries: press [at] eestipank.ee
Lisateave:  Viljar Rääsk  Avalike suhete allosakond  Tel: 668 0745, 527 5055  E-post: viljar.raask [at] eestipank.ee  Meediapäringud: press [at] eestipank.ee
Although the annual growth rate in new corporate loans has been close to or even above 20% in recent months, borrowing volumes were relatively even across months in the second half of the year.
Ehkki ettevõtete laenukäibe aastakasv on viimastel kuudel olnud 20% lähedal või sellest kõrgem, laenati teisel poolaastal kuude lõikes üsna muutumatus mahus.
The October lending turnover was driven by a fast rise in short-term loans.
Oktoobri laenumahtu toetas lühiajaliste laenude kiire kasv, milles oli omakorda oluline osa kaubandusettevõtete endiselt kõrgel laenuaktiivsusel.
At the same time, the volume of new long-term corporate loans was 1% smaller than a year ago.
Ettevõtete pikaajaliste laenude käive oli samal ajal aastatagusest 1% väiksem.
Households’ credit volume was affected by a pickup in car leasing.
Majapidamiste oktoobrikuist laenumahtu mõjutas hoogne autoliising.
The most of student loans are issued in September and October.
Õppelaene väljastatakse reeglina enim septembris ja oktoobris.
New housing loans amounted to 56 million euros in October, being in the same magnitude as in September.
Uusi eluasemelaene võeti oktoobris 56 miljoni euro väärtuses ehk septembriga võrreldavas mahus.
The annual growth in the loan and leasing portfolio remained at the previous month’s level of 0.8% in October.
Laenu- ja liisinguportfelli aastakasv jäi oktoobris eelmise kuu 0,8% tasemele.
Irrespective of the stable credit turnover, the stock of the loan portfolio shrank by 41 million euros, amounting to 14.6 billion euros by the end of the month.
Stabiilsele laenukäibele vaatamata vähenes laenuportfelli maht 41 miljoni euro võrra, ulatudes kuu lõpus 14,6 miljardi euroni.
The average interest rate on new housing loans remained at the previous month’s level of 2.7%.
Uute eluasemelaenude keskmine intressimäär püsis oktoobris eelmise kuu 2,7% tasemel.
Since the decline in 6-month EURIBOR, which is the key interest rate for the majority of loans, decelerated, the average interest margin remained at September’s 2.2% level.
Kuivõrd enamike laenude baasintressimääraks oleva 6 kuu EURIBORi alanemine aeglustus, jäi ka keskmine intressimarginaal septembri 2,2% tasemele.
The average interest rate on long-term corporate loans rose to 3.2%, close to the previous three months' average.
Ettevõtete pikaajaliste laenude keskmine intressimäär tõusis oktoobris 3,2%ni, mis on lähedal eelmise kolme kuu keskmisele tasemele.
The volume of overdue loans contracted faster than earlier in October.
Viivislaenude maht vähenes oktoobris kiiremini kui varem.
The share of loans overdue by more than 60 days shrank from 4.1% to 3.8% in the loan portfolio.
Kuu jooksul kahanes üle 60 päeva maksetähtaega ületanud laenude osakaal laenuportfellis 4,1%lt 3,8%ni.
Over the past few years, the quality of the loan portfolio has been affected by problem loans stemming from the past years’ macroeconomic contraction.
Viimase paari aasta jooksul on laenuportfelli kvaliteeti mõjutanud majanduskriisi aastatest pärit probleemlaenud.
In October, more uncollectible loans were written off the balance sheet than on average in recent months.
Oktoobris arvati lootusetuks hinnatud laene bilansist maha rohkem kui varasematel kuudel keskmiselt.
Driven by corporations, annual deposit growth remained at the level of 9%.
Hoiuste aastakasv püsis ettevõtete toel 9% tasemel.
The total corporate and household deposit stock increased by 94 million euros in October, to 8.5 billion euros at the end of the month.
Eesti ettevõtete ja majapidamiste hoiuste maht kasvas oktoobris 94 miljoni euro võrra, ulatudes kuu lõpus 8,5 miljardi euroni.
Deposits grew mostly owing to an increase in the funds deposited by companies.
Hoiused kasvasid peamiselt tänu ettevõtete poolt pankadesse paigutatud vahendite suurenemisele.
The stock of household deposits has not changed in the second half of the year, so it remained at the end-June level of 4.6 billion euros in October.
Majapidamiste hoiuste maht ei ole käesoleva aasta teisel poolaastal muutunud, püsides ka oktoobris juuni lõpu 4,6 miljardi euro tasemel.
Financial sector statistics and the respective release calendar are available on the web site of Eesti Pank.
Finantssektori statistika ja selle avaldamiskalender on kättesaadav Eesti Panga kodulehel http://statistika.eestipank.ee/?lng=et#treeMenu/FINANTSSEKTOR.
Further information:  Hanna Vaga  Public Relations Office  Telephone: 6 680 959, 5 097 285  E-mail: hanna.vaga [at] eestipank.ee  Media queries: press [at] eestipank.ee
Lisateave:  Hanna Vaga  Avalike suhete allosakond  Tel: 6 680 959, 5 097 285  E-post: hanna.vaga [at] eestipank.ee  Meediapäringud: press [at] eestipank.ee
Though the rate of employment continued to grow, moving towards the pre-crisis peak, the growth pace slowed markedly.
Kuigi tööga hõivatute arv suurenes endiselt, liikudes oma kriisieelse haripunkti suunas, alanes selgelt selle kasvu kiirus.
It declined compared to both the third quarter of 2011 and the second quarter of this year (taking into account seasonal factors).
Viimane langes võrreldes nii eelmise aasta sama kvartaliga kui ka selle aasta teise kvartaliga (hooajalisi tegureid arvesse võttes).
Slower employment growth shows that the labour market is adapting to slower economic growth.
Hõive aeglasem kasv on märgiks, et tööturg kohaneb varasemast aeglasema majanduskasvuga.
Further economic growth will have to be driven mainly by productivity.
Edasine majanduskasv saab toetuda peamiselt tootlikkusele.
Employment growth will be increasingly more curbed by labour shortage.
Tööhõive tõusu hakkab üha enam piirama tööjõunappus.
Though the general amount of the unemployed is still relatively large, the current unemployment rate of 9.7% may, based on Eesti Pank’s assessment, start giving rise to wage pressures.
Kuigi töötute üldarv püsib veel kõrge, võib praegune 9,7%ne töötuse määr Eesti Panga hinnangu kohaselt juba tekitada teatud palgasurveid.
The number of the long-term unemployed has shrank, which is positive news giving hope that the problem of structural unemployment will ease.
Pikaajaliste töötute arv on kahanenud, mis on positiivne uudis, andes lootust, et struktuurse tööpuuduse probleem väheneb.
According to Statistics Estonia, the amount of the inactive is the smallest of the past twenty years, so their entrance to the labour market would not ease the situation to a great extent.
Enam pole palju leevendust loota ka mitteaktiivsete sisenemisest tööturule, sest statistikaameti andmetel on selliste inimeste arv juba praegu viimase 20 aasta madalaimal tasemel.
The number of the discouraged and of the people inactive due to their pension age was also small in the third quarter compared to the past twenty years.
Nii heitunuid (s.t töö leidmise lootuse kaotanuid) kui ka pensioniea tõttu tööturul mitteaktiivseid inimesi oli kolmandas kvartalis vähe võrreldes viimase kahe aastakümnega.
In order to bring additional labour force to the labour market it is important to be more active in implementing the necessary economic policy measures.
Täiendava tööjõu turule toomiseks tuleb edaspidi jõulisemalt rakendada sellele suunatud majanduspoliitilisi meetmeid.
Further information:  Ingrid Mitt  Public Relations Office  Tel: +372 668 0965, +372 512 6843  Press queries: press [at] eestipank.ee
Lisateave:  Ingrid Mitt  Avalike suhete allosakond  Tel: 668 0965, 512 6843  Meediapäringud: press [at] eestipank.ee
Looking at the data on the first three quarters, Estonia’s 2012 economic growth may turn out to be faster than Eesti Pank forecasted (2.6%) in June.
Eesti 2012. aasta majanduskasv võib kolme kvartali andmete põhjal osutuda kiiremaks, kui prognoosis Eesti Pank juunis (2,6%).
Though the third-quarter growth was surprisingly rapid, several indicators refer to continued high uncertainty regarding the external environment.
Ehkki kolmanda kvartali kasv oli üllatuslikult kiire, viitavad mitmed näitajad sellele, et ebakindlus väliskeskkonna suhtes on endiselt suur.
The economic growth of Estonia’s main trading partners Finland, Sweden and Russia has slowed.
Eesti olulisemate kaubanduspartnerite Soome, Rootsi ja Venemaa majanduskasv on aeglustunud.
The economic situation in the euro area is still weak with no hope of an improvement in the near term.
Ka euroalal üldiselt on majandus endiselt nõrgas seisus ega ole loota, et see lähiajal ruttu paraneks.
Against the backdrop of the weak external environment, the manufacturing sector inspires optimism.
Kesise väliskeskkonna taustal sisendab optimismi tööstussektor.
Although the sector’s contribution to growth was still negative in the third quarter in annual comparison, the quarter-on-quarter expansion was positive.
Ehkki tööstus panustas kolmandas kvartalis aastavõrdluses majanduskasvu veel negatiivselt, oli tööstuse kasv kvartalivõrdluses positiivne.
The increase in industrial production in summer refers to the strong competitiveness of the Estonian economy.
Tööstustoodangu kasv suvekuudel viitab Eesti majanduse tugevale konkurentsivõimele.
Developments in construction-related industries hint at a slowdown in construction growth.
Ehitusega seotud tööstusharude areng viitab aga ehituse kasvu aeglustumisele.
All in all, the Estonian economic situation is relatively good at the moment.
Kokkuvõttes on Eesti majandus praegu suhteliselt heas seisus.
Though growth in the external environment has slowed, domestic economic imbalances are less pronounced than prior to the crisis.
Ehkki väliskeskkonna kasvutempo on aeglustunud, on Eesti majanduse sisemised tasakaalustamatuse ilmingud praegu väiksemad kui enne majanduskriisi.
Though the monthly price growth of goods and services was slower than in September, inflation accelerated to 4.1%, year-on-year.
Kuigi kaubad ja teenused kallinesid kuises võrdluses aeglasemalt, kiirenes inflatsioon eelmise aasta sama perioodiga võrreldes 4,1%ni.
Eurostat’s flash estimate shows that euro area inflation was 2.5% in October.
Eurostati esialgsel hinnangul oli euroala inflatsioon oktoobris 2,5%.
Compared to a year ago, energy price has increased the most in Estonians’ consumer basket (8.6%).
Aastatagusega võrreldes on eestlaste tarbijakorvis enim kallinenud energia, mille hind on tõusnud 8,6%.
Food inflation slowed steadily from the start of 2011 until April this year, but it has been picking up again gradually since May, mostly due to the price growth of fruit, vegetables and meat, reaching 6% in October.
Toiduainete inflatsioon aeglustus 2011. aasta algusest pidevalt käesoleva aasta aprillini, kuid maist alates on peamiselt puu- ja köögiviljade ning lihatoodete hinnatõus toiduainete inflatsiooni järk-järgult kiirendanud 6%ni.
In addition, the global market price of cereal hiked in August and that of cooking oil in September (6% and 10%, respectively).
Lisaks kallines maailmaturul järsult augustis teravili ja septembris toiduõli (vastavalt 6% ja 10%).
Core inflation remained low in October – the cost of the consumer basket excluding food and energy increased 1.5%, year-on-year.
Alusinflatsioon oli oktoobris endiselt madal – tarbijakorvi hind energia ja toiduaineteta kasvas aastaga 1,5%.
Domestic factors driven core inflation has been stably low for the past two years, but acceleration risks have increased during that time.
Sisemajanduslikest teguritest juhitud alusinflatsioon on stabiilselt madal püsinud kaks viimast aastat, kuid selle ajaga on kasvanud risk alusinflatsiooni kiirenemiseks.
Wage growth has so far not yet adjusted to the slowdown in economic and labour productivity growth which started at end-2011.
Palgakasv pole seni veel kohanenud eelmise aasta lõpus alanud majanduskasvu ning tööjõu tootlikkuse kasvu aeglustumisega, mistõttu võib edaspidi oodata tööjõukulude edasikandumist toodete ja teenuste lõpphinda ning alusinflatsiooni kiirenemist.
Though it is normal for wage growth to react to economic developments with a lag, it should be in line with productivity growth and not exceed it in order to maintain competitiveness and price stability in the longer term.
Kuigi palgakasvu hilisem reageerimine majanduse arengule on tavapärane, on pikemaajaliselt majanduse konkurentsivõime ja hinnastabiilsuse säilitamiseks oluline, et palgakasv oleks kooskõlas tootlikkuse kasvuga ega ületaks seda.
Further information:  Ingrid Mitt  Public Relations Office  Telephone: 668 0965, 512 6843  E-mail: ingrid.mitt [at] eestipank.ee  Press enquiries: press [at] eestipank.ee
Lisateave:  Ingrid Mitt  Avalike suhete allosakond  Tel: 668 0965, 512 6843  E-post: ingrid.mitt [at] eestipank.ee  Meediapäringud: press [at] eestipank.ee
The next regular meeting of the Supervisory Board of Eesti Pank is due on 4 December 2012.
Eesti Panga nõukogu järgmine korraline istung toimub 4. detsembril.
Further information: Viljar Rääsk  Public Relations Office  Tel: +372 668 0745, +372 527 5055  E-mail: viljar.raask [at] eestipank.ee  Media queries: press [at] eestipank.ee
Lisateave:  Viljar Rääsk  Avalike suhete allosakond  Tel: 668 0745, 527 5055  E-post: viljar.raask [at] eestipank.ee  Meediapäringud: press [at] eestipank.ee
The number of the employed continued to rise, while unemployment fell.
Hõivatute arvu kasv jätkus, töötus vähenes.
The effects of the shrinking working-age population are not yet being felt in the labour market because the active participation rate has been rising in recent years.
Tööealise elanikkonna vähenemine ei anna veel tööturul tunda, sest inimeste tööjõus osalemise aktiivsus on viimastel aastatel kasvanud.
The fall in unemployment in Estonia has been the fastest in the European Union in the last year.
Tööpuuduse langus on Eestis viimase aasta jooksul olnud Euroopa Liidu kiireim.
At the same time, the benefits system should not discourage people from searching for jobs and wanting to return to employment.
Samal ajal ei tohiks toetuste süsteem pärssida töö otsimist ja hõivesse naasmise soovi.
The slowdown in economic growth had an impact on the productivity of labour in the first half of the year, while wages continued to rise at only a slightly slower speed.
Majanduskasvu aeglustumise mõjul vähenes aasta esimesel poolel tööjõu tootlikkus, samas jätkus palgakasv vaid veidi aeglasemas tempos.
It is normal that wage increases react to economic changes with a lag, but for the sake of future competitiveness it is important that wage rises should remain in line with productivity growth.
Palgakasvu hilisem reageerimine majanduse arengule on tavapärane, kuid pikemas vaates on konkurentsivõime säilimiseks oluline, et palgakasv oleks tootlikkuse kasvuga kooskõlas.
The key feature this autumn will be the wage growth in the public sector, including in education and health following collective negotiations over pay increases.
Sel sügisel on olulised märksõnad avaliku sektori palgakasv, sealhulgas kollektiivsetel palgaläbirääkimistel saavutatud palgatõusud hariduses ja tervishoius.
Rises in the costs of the public sector will indirectly impact Estonia's competitiveness and will put pressure on state finances.
Avalike teenuste hinnakasv mõjutab kaudselt Eesti konkurentsivõimet ja survestab riigieelarvet.
A full presentation of the labour market in the first half of 2012 will be published on the Eesti Pank website.
2012. aasta esimese poolaasta tööturu ülevaate leiab Eesti Panga veebilehelt.
Further information:  Viljar Rääsk  Public Relations Office  +372 668 0745, +372 527 5055  E-mail: press [at] eestipank.ee
Lisateave:  Viljar Rääsk  Avalike suhete allosakond  Eesti Pank  Eurosüsteem  Tel: 668 0745, 527 5055  E-post: viljar.raask [at] eestipank.ee  Meediapäringud: press [at] eestipank.ee
In the European Union, the respective indicator was around 1% (about 130 billion euros).
Euroopa Liidus oli vastav näitaja ligikaudu 1% SKPst ehk umbes 130 miljardit eurot.
The share of central banks and cash–in-transit companies was very modest (3% and 1%, respectively).
Keskpankade ja sularahakäitlejate osa ühiskondlikus kulus oli väga tagasihoidlik (vastavalt 3% ja 1%).
As a result of the relatively widespread usage of cash, the aggregated social costs of cash payments make up nearly half of the total social costs.
Uuringus osalenud riikides tervikuna oli enim kasutatav maksevahend sularaha ja sularahaga seotud kulud moodustasid umbes poole makseviiside ühiskondlikust kogukulust.
In Estonia, the share of cash costs was beyond the average: the aggregated social costs of cash payments accounted for 62%.
Eestis oli sularahakulu osatähtsus ühiskondlikus kogukulus keskmisest suurem, moodustades 62%.
The estimated unit social cost of cash payment was the lowest, 0.42 euros, whereas the unit social cost of a card payment was 0.7 euros.
Sularahamaksete arvestuslik kulu ühe makse kohta oli madalaim ehk 0,42 eurot, samas kui kaardimaksete puhul oli see keskmiselt 0,7 eurot.
Estonia belonged to the cluster of countries, where card payments had a larger share and the unit social cost of a card payment was lower than that of a cash payment (0.22 euros and 0.32 euros, respectively).
Eesti kuulus nende riikide hulka, kus kaardimaksed olid suurema osakaaluga ning kaardimakse kulu oli väiksem kui sularahamakse kulu (vastavalt 0,22 eurot ja 0,32 eurot makse kohta).
The ECB’s study provides an integral overview of the usage of different payment instruments in Estonia, since it also looked at the usage of cash.
Kõnealune uuring annab tervikliku ülevaate sellest, kuidas kasutatakse Eestis erinevaid makseviise, sest vaadeldi ka sularaha kasutamist.
The payment statistics collected by Eesti Pank reflect mainly non-cash payment instruments.
Eesti Panga kogutav maksestatistika kajastab eelkõige sularahata makseviise.
According to the study, cash payments made up about a half, card payments a third and payment orders a fifth of all payments.
Uuringu järgi moodustasid sularahamaksed ligi poole, kaardimaksed kolmandiku ja maksekorraldused viiendiku kõikidest maksetest.
Based on Eesti Pank's payment statistics, card payments accounted for 63%, payment orders 31% and direct debit 6% of all non-cash payments made in the first three quarters of 2012.
Eesti Panga maksestatistika kohaselt moodustasid 2012. aasta esimese kolme kvartali jooksul kaardimaksed 63% ning makse- ja otsekorraldused vastavalt 31% ja 6% kõigist sularahata maksetest.
1Social costs are the costs related to the provision of payment services in the different parts of the payment chain, such as central banks, commercial banks, cash-in-transit companies, the infrastructure, and retailers.
1 Ühiskondliku või sotsiaalse kulu all mõistetakse makseteenuste pakkumisel tekkivaid kulusid erinevates makseahela osades, nagu keskpangas, kommertspankades, sularahakäitlejatel, taristus ja jaeettevõtetes.
Costs incurred by individuals are not included here.
Eraisikute kulu pole arvesse võetud.
The objective of the ECB’s study of costs related to payment instruments was to clarify the cost-effectiveness of different payment instruments in order to promote a more efficient payment environment.
Euroopa Keskpanga makseviiside kulu-uuringu eesmärk on täpsustada üldist arusaama erinevate makseviiside kuluefektiivsusest, et edendada tõhusamat maksekeskkonda.
The study also provides an overview of the difference of the costs related to the most popular payment instruments across countries.
Ühtlasi annab uuring ülevaate enim kasutatavate makseviiside kulude erinevusest riigiti.
The study included the measurement of the costs of using cash, debit and credit cards, direct debit and payment orders in the different parts of the payment chain.
Uuringu käigus mõõdeti sularaha, deebet- ja krediitkaartide, otsekorralduste ja maksekorralduste kasutamise kulu, mis tekib makseahela erinevates osades.
For Estonia, data from the year 2010 were used.
Eesti puhul on aluseks võetud 2010 aasta andmed.
Eesti Pank's statistics on payment and settlement systems are available on Eesti Pank’s web site.
Eesti Panga makse- ja arveldussüsteemide statistika leiab Eesti Panga veebilehel.
Eesti Pank publishes its comment on the statistics once a quarter (in the month following the end of a quarter).
Eesti Pank avaldab selle valdkonna statistika kohta kommentaari kord kvartalis (kvartali lõppemisele järgneval kuul).
Further information:
Lisateave:
Ingrid Mitt  Eesti Pank  Eurosystem  Public Relations Office  Telephone: 668 0965, 512 6843  E-mail: ingrid.mitt [at] eestipank.ee  Media queries: press [at] eestipank.ee
Ingrid Mitt  Avalike suhete allosakond  Eesti Pank  Eurosüsteem  Tel: 668 0965, 512 6843  E-post: ingrid.mitt [at] eestipank.ee  Meediapäringud: press [at] eestipank.ee
However, in order to solve the crisis, debt-ridden countries must adhere to the agreed budget plans and carry out structural reforms.
Ent kriisi lahendamiseks on eelkõige vaja, et võlakriisis olevad riigid täidaksid kokkulepitud eelarvekavasid ja viiksid ellu struktuurireformid.
Estonia’s economic growth has been slowing since the end of 2011, but despite a deceleration in exports, strong domestic demand has ensured a faster economic growth than in the rest of the euro area countries.
Eesti majanduskasv  on  alates 2011.  aasta lõpust  aeglustunud,  kuid  sisenõudlus  on  püsinud tugevana ja see on  vaatamata ekspordikasvu  pidurdumisele  taganud  kiirema majanduskasvu kui ülejäänud euroala riikides.