|WEEK 48. 2005
Monday, 28th November, 2005
Foreign trade sales increased
Sales of Estonian foreign sales were EEK 19.7 billion in September, informs Statistics Department. Sales increased 4.5% when compared to August. Exportation covered EEK 8.5 billion (43%) of foreign sales in September and importation covered EEK 11.2 billion (57%). Exportation increased 4% when compared to August and importation increased 5%.
Estonia is the most effective East-European country
According to independent Milken Institute in California, Estonia has the most effective economy when compared to other East-European countries. Estonian general position among 121 countries was 21st (47th in 2000). Estonian this years result shows that our financial climate is compatible in the whole world, not only East-Europe, says Margus Kaasik from Eesti Energia. Estonian strengths are macroeconomics environment and banking sector.
Tuesday, 29th November, 2005
Economic growth exceeds earlier expectations
According to analysts, Estonian economic growth in IIIQ will exceed 9% and yearly economic growth will exceed 8%. Last year, Estonian economic growth was 7.8%.
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