Reval Hotels
Observer Eesti Oü

WEEK 37. 2005

Tuesday, 13th of September, 2005

8-month turnover of Rimi Eesti over EEK 3 billion
The eight-month turnover of trade chain Rimi Eesti reached EEK 310 million and turnover grew 20 percent. Turnover in August was EEK 430 million.

Wednesday, 14th of September, 2005

Estonia ranks on 16th among business friendly countries
According to the recent survey of the World Bank, Estonia ranks on 16th position in the chart of most business friendliest countries in the world. The survey ranks countries by how they create simple and favourable climate for business activities. The analysis covered 155 countries.

Estonian economy is doing very well
The 10-percent growth of Estonian economy in the 2Q was expected. Analyst Tõnis Oja does not agree with those who claim that the economy of Estonia is overheated and the inflation makes it impossible for Estonia to join the eurozone in 2007. Estonia has become a tax revolutionist and proportional income tax has become more and more popular in Western countries. In international media, Estonia is praised for the flat tax revolution.

Friday, 16th of September, 2005

The credit rating of Eesti Energia improved again
Yesterday, the rating agency Standard & Poor’s raised the credit rating of Estonian Energy (Eesti Energia) again. The credit rating was raised from earlier negative level to stable and affirmed the rating on the level of A-. So far, this is the highest rating given to Eesti Energia by S&P.

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