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Enterprise production up 21% in Estonia


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The production of industrial enterprises in Estonia increased by 21 per cent in June compared to the same month last year.

According to the Baltic Course, figures from Statistics Estonia show that growth has been rising steadily throughout 2010 as the Baltic nation recovers from the global recession.

Indeed, in January annual growth was just two per cent, but those rose to 11 per cent in March, 18 per cent in May and now 21 per cent.

Production was higher year-on-year across most industrial sectors, with manufacturing seeing the biggest increases.

Growth of 26 per cent was recorded in the manufacturing of wood and wood products, the data showed.

This particular statistic may be welcomed by those investing in the Estonian forestry industry.

The publication of the figures comes after the United Nations ranked Estonia as 22nd out of 141 nations in terms of incoming foreign investment.

This news item is brought to you by KMS Baltics in conjunction with Fest-Forest and EST KINNISVARA. Baltic forestry and property specialists

Click here to find out more about Forestry Investment with us or call us on 00441668 213693

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