Estonian company Olympic Enterprise Group spent about 6 - 8 million euro for buying gold in the previous quarter,
The capital of Estonia Tallinn has the world’s cleanest air, according to the city’ air quality measurements. Moreover, this conclusion is in line with the released data by the World’s Health Organization on air pollution measurements in cities worldwide.
On the island of Muhu, in west Estonia, the construction of post building and grounds for new military air defense radar has been started. It is set for commissioning in 2012.
According to official statistics, currently 22 000 Estonian citizens are residing in Finland, of whom almost half do not intend to return home at all.
Despite forecasts that the pace of the Estonian economy could hit 7.2% this year, their constantly shrinking export and the highest inflation in the EU (5%) are slowing down growth rates.
Estonian Competition Council has approved changes to the electric tariffs agreement concluded by the Estonian electronic transmissions administration company Elering. It means that electricity tariff will climb from January 2012.
Latvians lack sound national confidence, says the world-famous Norwegian economist Erik Reinert, whose book How Rich Countries Got Rich… and Why Poor Countries Stay Poor is about to be published also in Latvian.
Estonian budget policy of the past ten years shows that, unlike Latvia, Estonians have always had good financial logics. They always spend only what has been earned so that they do not need to borrow, says Olegs Tkachev, Bank of Latvia economist.
Andrus Ansip, Estonian Prime Minister says he cannot relate to people who propose to evict troubled countries, for example, Greece from the eurozone. He urges to remember about the financial situation their neigbour Latvia faced two year ago.