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Importance of Sweden to Estonian timber trade highlighted


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Firms looking to secure an investment in Estonia have heard how important Sweden is to the Baltic country's economy.

The prime ministers of both nations met last week, as the strong relationship between the two was once again demonstrated.

Sweden accounted for 18 per cent of all Estonian exports in the first quarter of 2011, with timber likely to have been one of the materials being purchased.

Despite seeing output dwindle during the recession, Estonian prime minister Andrus Ansip declared that "Sweden is the country that has invested the most into the Estonian economy" and exports are growing once again.

His ally - Swedish head of government Frederik Reinfeldt - also admitted the positive bond shared between the two countries is rare in modern Europe.

Eurozone newcomer Estonia has seen its economy show considerable signs of recovery in recent months and predicted growth figures have demonstrated this.

In May, the Organisation for Economic Cooperation and Development hinted the nation's economic output could rise by as much as 5.9 per cent by the end of 2011.

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-800578624-ADNFCR

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