Analytics, Business, Estonia, EU – Baltic States, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Tuesday, 23.04.2024, 11:12
Half Estonian businesses expect profit to increase in 1 year
Of the respondents interviewed for the survey, 4% expected revenue to
decrease and 14% anticipated a drop in profit. Altogether 32% of Estonian
business operators expected export to increase, Grant Thornton said.
The company highlighted the business operators' assessment of the shortage
of qualified labor - according to the survey 44% of respondents consider the
shortage of qualified labor to be a problem in the next 12 months. Of the 36
countries questioned, the average indicator concerning this issue was 35%.
"The survey was conducted in 36 countries and interviewed 2,500
businesses. The survey was carried out in Estonia by pollster Kantar Emor, during which 50 Estonian
business operators were interviewed. The survey was carried out over the phone,
at random and interviews were carried out either with the company's CEO or
CFO," Gerli Soosalu, marketing
and communications manager at Grant
Thornton, told BNS. The survey was carried out in the second quarter of
2017.
According to the results of the survey, 67% of businesses in Sweden, 79% of
businesses in Germany, 70% of businesses in the U.S., 62% of businesses in
the U.K. and 31% of businesses in Russia expect their revenue to increase.
"Biggest growth expectations were registered in Germany, Sweden and
the Netherlands and this is good news for Estonia, as two of the aforementioned
countries are very important trade partners and the Netherlands is also among
Estonia's 10 largest export partners," Mati Nommiste, managing partner of Grant Thornton, said.