Thu, 21 Oct 1999: Summed up…



11. and sent confirmation to Geneva headquarters on Oct. 14. Estonia's membership will automatically occur 30 days from that date. The country will be the third former Soviet republic to join, following Latvia and Kyrgyzstan. SINGAPORE GROUP INVESTS IN PULP MILL: The Tolaram Group will invest $28.2 million to continue modernization and increase capacity of the Horizon pulp and paper mill in the north-central Estonia town of Kehra. Tolaram will sign a $7.2 million loan agreement with the International Finance Corporation, a unit of the World Bank, and a $9 million loan with Finland's Leonia Bank. First-stage modernization cost Toleram $12 million. The new money will buy paper-making machines and upgrade a tissue plant and bring the plant's o... Read the rest of this entry »

Comments are closed.