|WEEK 39. 2005
Monday, 26th of September, 2005
Swedish windbreaks quintupled turnover
HM Puidukaubandus, a trading and brokerage company that specialises in timber trade, says it will increase this years turnover five times to EEK 250 million thanks to clearing Swedish forests from storm damages. The company represented various Estonian timber companies that cleared a total of half a million cubic metres of timber from Swedish forests.
Wednesday, 28th of September, 2005
Fast growth of Estonian economy enabled to make super budget
PM Andrus Ansip submitted the state budget for 2006 to the parliament yesterday. The amount of the state budget that has grown to a record level witnesses the fact that Estonian economy is doing better than ever. Compared to 2005, state budget will grow over 15 percent or over EEK 8 billion.
Thursday, 29th of September, 2005
Estonian economic growth based on export
According to the preliminary data from the statistics board the economy of Estonia grew 9.9% in the second quarter of 2005. Growth came mainly due to slowdown of import and acceleration of export. The Ministry of Finance reported that Estonian economy surpassed the economic growth of the EU by 8.3 percentage points. The Baltic States is currently the fastest growing region in the EU. The Ministry of Finance prognosticates that the fast increase of Estonian economy would probably continue also in the third quarter. In the second half of the year, the EC is expecting increase of economic growth in the eurozone due to weakening of euro and improved conjuncture of world economy.
Back to Baltic Business Monitor