est eng lat
 
  24.10  EU energy agreement set to boost demand for forestry produce
  22.10  EC reaffirms commitment to EU timber regulations
  20.10  $3bn investment set to boost fibre-based forest industry
  17.10  Lithuanian roundwood prices advanced in July
  news archive >
 
News archive Test Contact
 
Contact
 
 
 
  Contact us
 
 

News

Fresh doubts over Estonia's euro eligibility

16.04.2010

Send to a friendSend to a friend     Contact us
The European Central Bank has raised fresh concerns about Estonia's eligibility to join the single European currency.

According to the European Parliament's Economic and Monetary Committee, the country may not quite be ready to adopt the euro, reported LETA/Eesti Paevaleht.

Jurgen Stark, a member of the Economic and Monetary Committee's board, said that while Estonia meets the Masstricht criteria, the country's preparedness is in doubt - especially if its gross domestic product (GDP) is taken into account, the news provider stated.

Estonia's representative in the committee Ivari Padar told the Baltic Course: " We should become shocked from Stark's words.

"Jurgen Stark represents a conservative, sceptical doubting position, central banker style."

Recently, speaking at a seminar in Helsinki, Andres Kuningas, a finance ministry official, said Estonia's existing forecast for a 0.1 per cent fall in GDP would be revised in light of new economic figures, reported Reuters.

Click here to find out more about Forestry Investment with us http://www.kms.ee/index.php?page=75& or call us on 00441668 213693

This news item is brought to you by KMS Baltics in conjunction with Fest-Forest and EST KINNISVARA. Baltic forestry and property specialistsADNFCR-731-ID-19726315-ADNFCR

Related news:

 
 

29.01 HD Fest-Forest newsletter December 2012
11.12 HARVESTING_SUMMARY_19_2013
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 >