est eng lat
  24.11  New vision for Finnish Forests
  19.11  Latvia's October inflation rate fourth highest in the EU, says Eurostat
  19.11  DNB releases 2015 growth forecasts for Baltic states
  18.11  Most Latvian firms 'unaffected by Russian embargo'
  news archive >
News archive Test Contact
  Contact us


Estonian businesses 'not concerned about eurozone slowdown'


Send to a friendSend to a friend     Contact us
Businesses in Estonia are not concerned about the slowdown of industrial production in the eurozone - for now at least.

People with an investment in Estonia have heard how much of the country's import and export dealings and outsourcing are done with countries like Sweden, which are not part of the euro set-up.

Despite news provider Postimees reporting that the Purchasing Managers Index fell to its lowest ebb for two years this month, analysts and business owners believe Estonia will not feel the full effects of the eurozone recession just yet.

Indeed, head of the board at Estonian electronics manufacturer IPA Koidu Kask said that orders from the eurozone were still positive, but he admitted that any further decline would possibly have an adverse impact on the firm's profitability.

The importance of Estonia's strong relationship with Scandinavia was outlined recently, when the prime ministers of each country met.

Estonian leader Andrus Ansip remarked: "Sweden is the country that has invested the most into the Estonian economy."

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 Timber Investment with us or call us on 00441668 213693 ADNFCR-731-ID-800638751-ADNFCR

Related news:


29.01 HD Fest-Forest newsletter December 2012
05.07 KMS Baltics IPD summary document
news archive >
Local News

12.07 Who are Estonia’s highest-earning lawyers?
12.07 Source: Air Baltic told to repay illegal state aid in 9 years
12.07 PM: without government aid Vilnius would be bankrupt by autumn
12.07 Pagari 1: two thirds of apartments already sold
11.07 Latvia's euro adoption paves way for Lithuania
news archive >