Thu, 21 Oct 1999: Summed up…
Oct 21, 1999 Baltics
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 »
Tags: Central Estonia, Confirmation, Finland, Geneva Headquarters, Horizon, International Finance Corporation, Kyrgyzstan, Latvia, Leonia Bank, Loan Agreement, Modernization, New Money, Pulp And Paper, Pulp And Paper Mill, Pulp Mill, Singapore, Soviet Republic, Tolaram Group, World Bank