Thu, 27 Jan 2011: Euro behind wave of investment…



Certainly, there’s also been a boost from the general increase in publicity due to Estonia’s capital Tallinn becoming the European capital of culture this year, and joining the OECD.” Euro adoption removes currency risks and exchange costs for exporters and investors. The former Soviet Baltic republic is relying on foreign investment and shipping goods abroad as it catches up with Western European living standards amid weak domestic demand because of high private debt and unemployment, at 15.5 percent in the third quarter. Estonia on Dec. 9 became the 34th member of the Paris-based OECD, a grouping of the world’s most advanced economies, and the 17th eurozone nation on Jan. 1. Statoil Fuel & Retail ASA, the b... Read the rest of this entry »

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