natgillin/translations-raw huggingface dataset:
The change was a result of a tripling in the trade deficit, the causes of which can be seen in terms of foreign trade or domestic demand.*
Defitsiit tekkis seoses kaubabilansi puudujäägi kolmekordistumisega, mille põhjuseid saab käsitleda väliskaubanduse ja sisenõudluse vaatenurgast.*
Foreign trade continued to increase through the export of both goods and services.
Väliskaubanduses suurenes jätkuvalt nii kaupade kui ka teenuste väljavedu.
Given that economic growth has slowed or stopped completely in our main partners, it is to be expected that the balance of trade should worsen.
Oludes, kus meie peamistes partnerriikides majanduskasv aeglustus või lausa pidurdus, on kaubabilansi halvenemine ootuspärane.
The continued growth in Estonian exports is a sign of the improved competitiveness of the Estonian economy in recent years.
Asjaolu, et Eesti ekspordi kasv siiski jätkus, on märk Eesti majanduse viimastel aastatel tugevnenud konkurentsivõimest.
From the domestic demand side, the balance of the goods and services account shows the relationship between savings and investment.
Sisenõudluse poolel määrab kaupade ja teenuste konto saldo säästmise ja investeerimise vahekord.
Domestic savings remained near to their level of the year before last with only a slight decrease, meaning it was the change in investments that was primarily responsible for the current account deficit.
Kuna sisemaine säästmine jäi väikesele vähenemisele vaatamata 2011. aasta taseme lähedale, johtus jooksevkonto puudujääk eeskätt muutustest investeerimistegevuses.
The ratio of gross fixed capital formation to GDP was around 25% last year, which was larger than in 2009-2011 when it was nearer 20%.
Mullu oli põhikapitali tehtud rahapaigutuste ja SKP suhe Eestis ümmarguselt 25%, mis oli suurem kui aastail 2009–2011, mil vastav näitaja jäi 20% lähedale.
The driver in this investment last year was the government sector, mainly through the sale of emission quotas and through money dispensed from the budget of the European Union.
Möödunud aastal panustas investeeringute kasvu enim valitsemissektor, seda peamiselt saastekvootide müügi ja Euroopa Liidu eelarvest laekunud summade abil.
No major increase in the investment activity of the government sector is expected in future.
Edaspidi ei ole oodata, et valitsemissektori investeerimisaktiivsus märkimisväärselt suureneks.
In contrast, the ratio of investment in fixed capital in the private sector to GDP was less than 20% last year, indicating there is space for expansion.
Erasektoris jäi põhikapitali tehtud rahapaigutuste ja SKP suhe mullu aga allapoole 20% piiri, mis viitab suuremale arenguruumile.
This figure is close to the average recorded in Finland over the last ten years.
Nimetatud suhtarv on lähedane Soome viimase kümne aasta keskmisele näitajale.
The Eesti Pank autumn forecast put the current account deficit for 2013-2014 at 2-3% of GDP.
Eesti Panga sügisprognoosi järgi on jooksevkonto puudujääk aastail 2013–2014 SKP suhtes 2-3%.
* For more detailed information, see the balance of payments commentary.
* Vaata üksikasjalikumat infot maksebilansi kommentaarist
There will also be no payments made on 29 March as Good Friday is a national holiday.
Samuti ei toimi pankadevahelised maksed 29. märtsil, sest siis on riigipüha suur reede.
As there is a weekend in between, then no payments between banks will be made from 29 March to 1 April.
Kuna vahepeal on nädalavahetus, ei saa pankadevahelisi makseid teostada 29.märtsist 1. aprillini.
Payments between banks can be started in this period, but will only reach the recipient on 2 April.
Pankadevahelisi makseid saab sel perioodil algatada, kuid saajani jõuab makse alles 2. aprillil.
From 2 April, all payments will be made as normal.
Alates 2. aprillist toimuvad kõik maksed tavapäraselt.
"If a payer wants to be certain that a payment goes through in March, then that payment should be made by the afternoon of Thursday 28 March at the latest.
"Kui raha maksja soovib, et pankadevahelise makse laekumine jääks kindlasti märtsikuusse, siis tuleb selline makse algatada hiljemalt neljapäeva 28. märtsi pärastlõunal.
We would like to warn payees to bear in mind that payments between banks started on 1 April will only actually reach their destination on 2 April.
Palume aga makse saajatel arvestada, et 1. aprillil algatatud pankadevaheline makse jõuab saajani 2. aprillil.
Payments within banks will be made under the rules set by each bank individually.
Pangasisesed maksed toimuvad vastavalt iga panga kehtestatud reeglitele.
For more detailed information on this, clients should contact their own bank.
Täpsemat infot selle kohta jagavad klientidele kodupangad.
Background  Eesti Pank manages two inter-bank payment systems: TARGET2-Eesti, which is part of TARGET2, the Trans-European Automated Real-time Gross Settlement Express Transfer System, and ESTA, the settlement system for domestic retail payments.
Taust  Eesti Pank haldab kahte pankadevahelist arveldussüsteemi: üleeuroopalise kiirmaksete süsteemi TARGET2 Eesti osa TARGET2-Eestit ja siseriiklikku jaemaksete süsteemi ESTA.
TARGET2-Eesti is used for large payments in euros and transfers are made in this system in real time within Estonia and other European states.
TARGET2-Eestis arveldatakse eurodes tehtud suurmakseid ja selles süsteemis toimuvad ülekanded reaalajas nii Eesti siseselt kui ka teiste Euroopa riikidega.
Domestic payments between the commercial banks are made through ESTA, and a requirement for the settlement of such payments is that the commercial banks hold sufficient reserves at the central bank.
Siseriiklikud jaemaksed teostatakse kommertspankade vahel ESTAs, jaemaksete arveldamise eelduseks on kommertspankade piisavad tagatised keskpangas.
The reserves are transferred to the central bank through TARGET2-Eesti.
Tagatised kantakse keskpanka TARGET2-Eesti kaudu.
As TARGET2 is closed on 1 April, it is not possible to use the ordinary payments system ESTA.
Kuivõrd TARGET2 on 1. aprillil suletud, siis ei ole võimalik kasutada tavamaksete arveldussüsteemi ESTA.
More detailed information about the payment systems managed by Eesti Pank can be found on the website of the central bank.
Eesti Panga hallatavate maksesüsteemide kohta leiab täpsemat infot keskpanga kodulehelt.
Easter is a movable Christian feast that falls on the first Sunday after the first full moon following the spring equinox.
Ülestõusmispühad on kristluses liikuvad pühad, mis algavad esimese täiskuu pühapäevaga pärast kevadist pööripäeva.
Easter Monday is a national holiday in most European countries.
Teine ülestõusmispüha on enamikus Euroopa riikides puhkepäev.
For further information:  Viljar Rääsk  Public Relations Office  tel: 668 0745, 527 5055  Email: 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
Preliminary assessments show that inflation in the euro area slowed to 1.8% in February.
Euroala inflatsioon aeglustus veebruaris esialgse hinnangu kohaselt 1,8%ni.
In the past couple of years the driving forces behind price rises in Estonia have been food prices and energy.
Viimased paar aastat on Eesti hinnakasvu taga olnud peamiselt toiduained ja energia.
Food prices rose again in February by 6%, which is faster than before as the earlier rises in global prices for food commodities fed through into Estonian prices for end-products.
Toiduainete hinnad tõusid veebruaris endiselt tempokalt (6%), sest varasemalt kiirelt kasvanud toidutoorme maailmaturuhinnad kandusid üle Eesti lõpptoodete hindadesse.
Among the energy sources consumed by households, the highest rise from a year earlier was in the price of electricity, which increased by 27.4% and also heat, which rose by 6.6%, while the prices of motor fuels remained similar to those of February last year.
Majapidamiste tarbitava energia hulgas kallinesid aastatagusega võrreldes enim elekter (27,4%) ja soojusenergia (6,6%), kuid mootorikütuste hinnad jäid ligikaudu samale tasemele kui eelmise aasta veebruaris.
Electricity was 0.4% more expensive than in January.
Jaanuariga võrreldes kallines elektrienergia 0,4%.
Core inflation excluding food and energy prices fell to a low level, reaching only 0.7% in February.
Toidu- ja energiahindadeta alusinflatsioon on langenud madalale tasemele, ulatudes veebruaris üksnes 0,7%ni.
One factor in this is the drop in the prices of imported manufactured goods, which is a consequence of weak demand in the euro area as a whole.
Alusinflatsioonis kajastub muu hulgas importtööstuskaupade odavnemine, mis tuleneb nõrgast nõudluskeskkonnast euroala riikides tervikuna.
Core inflation was also restrained by services, especially by the cheaper prices for communications and public transport.
Alusinflatsiooni pidurdas ka teenuste, eelkõige side ja ühistranspordi odavnemine.
Some acceleration in the prices of services may be expected in the near future as a result of wage rises.
Lähiajal võib palkade arengu tõttu siiski oodata teenuste hinnakasvu mõningast kiirenemist.
For further information:  Hanna Vaga  Public Relations Office  Tel: +372 668 0959, +372 509 7285  Email: 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
The Supervisory Board received a review of the 2012 report of the Internal Audit Department and appointed Janno Kase an internal auditor as from 8 March 2013.
Eesti Panga nõukogu tutvus siseauditi osakonna eelmise aasta töö aruandega ning nimetas Janno Kase keskpanga siseaudiitoriks alates 8. märtsist.
The next meeting of the Supervisory Board of Eesti Pank will be held on 7 May.
Eesti Panga nõukogu järgmine korraline istung toimub 7. mail.
The main source of income growth in Estonia has been the increase in market share for exports of goods and services to our principal target countries and to global markets as a whole.
Eesti sissetulekute kasvu peamiseks allikaks on olnud kaupade ja teenuste ekspordi turuosa kasv põhilistes sihtriikides ja maailmaturul tervikuna.
In the last decade, the market share for exports of Estonian goods and services in target markets grew by 72%, while global exports grew by around 17%.
Viimasel aastakümnendil kasvas Eesti kaupade ja teenuste ekspordi turuosa sihtturgudel kokku 72%, maailma ekspordis aga ligi 17%.
Increased volumes of exports accounted for 2/3 of the growth in Estonian earnings from exports of goods, and the remaining 1/3 came from increased prices for exports.
Eesti kaubaekspordi maksumuse suurenemine oli 2/3 ulatuses seotud eksporditavate koguste ning 1/3 ulatuses ekspordihindade kasvuga.
The rapid price growth is linked to a shift in the structure of Estonian exports towards goods with higher added value, positive changes in the position in the outsourcing value chain and the existence of niche products and markets.
Kiirem hinnakasv viitab Eesti ekspordi struktuuris toimunud nihkele kõrgema lisandväärtusega toodete suunas, positiivsetele muutustele allhanke väärtusahela positsioonis ja nišitoodete või -turgude olemasolule.
Growth in Estonian exports was faster than the European Union average in the last decade.
Eesti eksport kasvas viimasel kümnendil Euroopa Liidu keskmisest kiiremini.
Estonian export growth is also affected by competitiveness, which has allowed Estonian exports to grow faster than those of other countries.
Samas mõjutab Eesti ekspordikasvu ka konkurentsivõime, tänu millele on Eesti eksport olnud suuteline kasvama kiiremini kui muude riikide oma.
Changes in prices can affect the short-term profitability of exports.
Hindade areng võib lühiajaliselt mõjutada ekspordi tulemuslikkust.
Estimates based on the methodology developed by the International Monetary Fund, the IMF, show that before the economic crisis the real exchange rate of the kroon expressed in relative prices was slightly overvalued.
Rahvusvahelise Valuutafondi (IMF) metoodika abil tehtud hinnangud näitavad, et enne kriisi oli Eesti suhtelist hinnataset väljendav krooni reaalkurss veidi ülehinnatud.
This means that Estonian prices were rising slightly too fast.
See tähendab, et Eesti hinnad kasvasid pisut liiga kiiresti.
Inflation is currently stable in Estonia, which offers support to balanced economic growth, and the real exchange rate of the euro has now slightly undervalued for Estonia.
Eesti praegune inflatsioon on stabiilsem, tagades tasakaalulisema majandusarengu, ning Eesti jaoks on euro reaalkurss nüüd pigem alahinnatud.
In the short term this gives our exporters some advantage in the markets of the 56 foreign partners covered by the research, though in the longer run it could lead to an acceleration in price rises.
Lühiajaliselt võimaldab see meie eksportööridel saada välisturgudel (vaadeldud on 56 välispartnerit) teatud eeliseid, kuid võib pikemas ettevaates põhjustada kiiremat hinnakasvu.
The government and the central bank need to take timely measures in fiscal policy and the financial sector in order to avoid pressure from rising prices.
Hinnatõususurve vältimiseks peavad nii valitsus kui ka keskpank suutma õigeaegselt rakendada finantssektori- ja eelarvemeetmeid.
The competitiveness review will be published on the Eesti Pank website.
Konkurentsivõime ülevaade on avaldatud Eesti Panga kodulehel
The Estonian Household Finance and Consumption Survey, HFCS, is carried out regularly every three years in the countries of the euro area.
Leibkondade finantskäitumise ja tarbimisharjumuste uuring (Household Finance and Consumption Survey, HFCS) toimub euroala riikides regulaarselt iga kolme aasta tagant.
Estonia is participating in the project for the first time.
Eesti osaleb selles uuringus esimest korda.
The research aims to collect internationally comparable data from all the euro area countries.
Uuringu eesmärk on koguda euroala kõikide riikide kohta rahvusvaheliselt võrreldavaid andmeid.
Central banks use the data in their economic policy analysis, for assessing the impact of monetary policy, analysing financial stability and payment systems, and much more.
Keskpangad kasutavad neid majanduspoliitiliste analüüside tegemisel, näiteks rahapoliitika mõju hindamisel või finantsstabiilsuse ja maksesüsteemide analüüsimisel.
Scientific researchers can also use the data.
Samuti saavad andmeid kasutada teadustööde tegijad.
The results of the survey will be published on the Eesti Pank website.
Uuringu tulemused avaldatakse Eesti Panga veebilehel.
More information on the survey can be found on the websites of Eesti Pank and the European Central Bank.
Täiendav info uuringu kohta on Eesti Panga, statistikaameti ja Euroopa Keskpanga kodulehel.
The visit will last a week and a half and the IMF representatives will meet members of the government and the parliament, leaders and analysts from Eesti Pank and the Financial Supervision Authority, and managers and economists of the commercial banks and other companies, among others.
Poolteist nädalat kestva visiidi ajal kohtuvad valuutafondi esindajad valitsuse ja Riigikogu liikmetega, Eesti Panga ja Finantsinspektsiooni juhtide ja analüütikutega, nii kommertspankade kui ka eraettevõtete juhtide ja majandusanalüütikutega ning mitmete ametite esindajatega.
The outcome of the IMF visit will be presented by the head of the four-member mission team Alexander Hoffmaister on Monday 18 March at 13-14 at a press conference in the Eesti Pank museum, where he will be joined by the finance minister Jürgen Ligi and Eesti Pank Governor Ardo Hansson.
Visiidi kokkuvõtte esitab IMFi neljaliikmelise delegatsiooni juht Alexander Hoffmaister esmaspäeval, 18. märtsil kell 13-14 Eesti Panga muuseumis toimuval pressikonverentsil, kus osalevad ka rahandusminister Jürgen Ligi ja Eesti Panga president Ardo Hansson.
The IMF considers the main economic policy questions in all its member nations each year.
Valuutafond arutab igal aastal kõikide liikmesriikidega olulisi majanduspoliitilisi teemasid.
The IMF's annual mission to Estonia, known as an Article IV Consultation, is followed by an IMF report assessing Estonia's economic policies.
IMFi iga-aastase Eesti põhimissiooni (nn IV artikli konsultatsioon) järel valmib ka IMFi raport majanduspoliitiliste hinnangutega Eesti kohta.
Loans and leases to the real sector continued to grow as the need of companies for financing increased and corporate borrowing ability has increased.
Reaalsektori laenude ja liisingute kogumaht kasvas jätkuvalt, seda ettevõtete suurenenud rahastamisvajaduse ja paranenud laenuvõtmisvõime tõttu.
Annual growth in the turnover of corporate loans reached 21% in January, which is similar to the average for last year.
Jaanuaris oli ettevõtete laenukäibe aastakasv 21%, mis on võrreldav eelmise aasta keskmise näitajaga.
Households were more active in the market for loans than at the same time in 2012.
Majapidamised olid jaanuaris laenuturul aktiivsemad kui 2012. aastal samal ajal.
Despite the increased boldness in borrowing, the loan and lease portfolio of households shrank by 1.5% from its position of a year earlier.
Veidi julgemale laenukäitumisele vaatamata oli majapidamiste laenu- ja liisinguportfell väiksem kui aasta tagasi (-1,5%).
Interest rates in January were favourable for borrowing.
Intressikeskkond oli jaanuaris laenude võtmiseks soodne.
Having fallen continuously for almost a year and a half, the volume of overdue loans grew in January by 7 million euros.
Ligi poolteist aastat järjepidevalt kahanenud viivislaenude maht suurenes jaanuaris 7 miljoni euro võrra.
Annual growth in deposits slowed in January to 7%.
Hoiuste aastakasv aeglustus jaanuaris 7%ni.
Deposits by households and companies declined during the month by 184 million euros to 8.5 billion euros.
Ettevõtete ja majapidamiste hoiused vähenesid kuu jooksul 184 miljoni euro võrra 8,5 miljardi euroni.
As low interest rates do not encourage long-term saving, the share of term deposits in the structure of deposits has fallen to 31%, its lowest level for five years.
Kuna madalad intressimäärad ei motiveeri pikaajaliselt hoiustama, on hoiuste struktuuris tähtajaliste hoiuste osakaal vähenenud 31%ni, mis on viimase viie aasta madalaim tase.
For further information:  Ingrid Mitt  Public Relations Office  Tel: +372 668 0965, +372 512 6843  Email: ingrid.mitt [at] eestipank.ee  Media queries: 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
Looking to the future, and remembering all of the good help which we also got from other countries in the past, we would also like to give that same support other European countries joining the euro area.
Looking to the future, and remembering all of the good help which we also got from other countries in the past, we would also like to give that same support other European countries joining the euro area.
Let me begin by stressing that Latvia’s long track record of fiscal prudence and your recent very difficult but ultimately successful crisis management are recognized, welcomed and greatly respected in the euro area.
Let me begin by stressing that Latvia’s long track record of fiscal prudence and your recent very difficult but ultimately successful crisis management are recognized, welcomed and greatly respected in the euro area.
In fact, Estonia and Latvia are good examples of the benefits of implementing decisive reforms, demonstrating that the beneficial effects of front-loaded fiscal consolidation, deep structural reforms and economic flexibility outweigh the initial higher costs, especially by quickly restoring the confidence that is so crucial for ending a crisis and getting a country on a path towards recovery and growth.
In fact, Estonia and Latvia are good examples of the benefits of implementing decisive reforms, demonstrating that the beneficial effects of front-loaded fiscal consolidation, deep structural reforms and economic flexibility outweigh the initial higher costs, especially by quickly restoring the confidence that is so crucial for ending a crisis and getting a country on a path towards recovery and growth.
One of the lessons we learned from this crisis is the importance of the issue of confidence.
One of the lessons we learned from this crisis is the importance of the issue of confidence.
It is intangible, it is hard to measure, but it is so crucial.
It is intangible, it is hard to measure, but it is so crucial.
In order to join euro area, Latvia, like any other potential member, needs to be deemed to have fulfilled the “Maastricht criteria”, and to do so in a sustainable fashion.
In order to join euro area, Latvia, like any other potential member, needs to be deemed to have fulfilled the “Maastricht criteria”, and to do so in a sustainable fashion.
The recent euro area crisis has clearly revealed what can happen when the agreed rules are not followed, especially how damaging this can be for the country concerned.
The recent euro area crisis has clearly revealed what can happen when the agreed rules are not followed, especially how damaging this can be for the country concerned.
As a corollary, countries which sustainably adhere to these rules, and which have a clear track record of prudence and adjustment capacity, act as net providers of stability, bringing benefits to other members of the euro area.
As a corollary, countries which sustainably adhere to these rules, and which have a clear track record of prudence and adjustment capacity, act as net providers of stability, bringing benefits to other members of the euro area.
That additional benefit should be remembered.
That additional benefit should be remembered.
Also, the sheer signal of countries wanting to join the euro area right now is also another contributor to this confidence that we all need.
Also, the sheer signal of countries wanting to join the euro area right now is also another contributor to this confidence that we all need.
This morning, I would like to briefly touch on three themes.
This morning, I would like to briefly touch on three themes.
First, a bit about the reasons for joining the euro area.
First, a bit about the reasons for joining the euro area.
Second, a bit about the process and making the point that it is more a process than an event.
Second, a bit about the process and making the point that it is more a process than an event.
And finally, our experience to date as a member of the euro area.
And finally, our experience to date as a member of the euro area.
Starting with the motivating factors, in one sense we do not need a motivating factor because when we all joined the European Union in 2004, we made a commitment that the euro would be our currency.
Starting with the motivating factors, in one sense we do not need a motivating factor because when we all joined the European Union in 2004, we made a commitment that the euro would be our currency.
Thus, the “if” question has already technically been answered and it is only a question of timing.
Thus, the “if” question has already technically been answered and it is only a question of timing.
For Estonia as a small European economy highly dependent on trade, euro area membership was a natural goal stemming from close economic ties and similar cyclical behavior.
For Estonia as a small European economy highly dependent on trade, euro area membership was a natural goal stemming from close economic ties and similar cyclical behavior.
A common currency with many of our main trading partners would reduce the costs of trading and more importantly deepen the economic integration that can drive all of the productivity improvements that will ultimately lie behind higher living standards.
A common currency with many of our main trading partners would reduce the costs of trading and more importantly deepen the economic integration that can drive all of the productivity improvements that will ultimately lie behind higher living standards.
Our main trading partners are in Europe, so it is not an international issue for us but domestically important if we want to grow.
Our main trading partners are in Europe, so it is not an international issue for us but domestically important if we want to grow.