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July 30th, 2009

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Lithuania’s GDP Plunge Renews Finance Worries

Written on 30 Jul, 2009 at 16:48 in Economics
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Lithuania’s economy shrank 22% in the second quarter, casting fresh concerns over the country’s finances and its currency peg to the euro. The manufacturing and service sectors posted large declines, and public investment was hit by spending cuts as tax... (Continue reading)

Profits of Statoil Estonia fell by 56% in 2008

Written on 30 Jul, 2009 at 16:47 in Economics
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In 2008, the profits of AS Eesti Statoil plummeted in comparison to last year by 56%, amounting to 54.5 million kroons, writes Äripäev.ee/LETA. In 2007, the enterprise managed to earn 123.4 million kroons in profits. Concept manager of Statoil Kai... (Continue reading)

Estonia a stark example of environmental hazards of oil shale

Written on 30 Jul, 2009 at 16:44 in Economics
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Looking for further evidence that oil shale production is — or at least should be — a nonstarter on Colorado’s Western Slope until oil and gas companies radically refine the massively water-intensive process? Conservationists say there’s no better example than... (Continue reading)

Most Estonia’s milk producers work with loss

Written on 30 Jul, 2009 at 16:41 in Economics
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Some Estonia’s dairies plan to lower the milk purchase price in times when milk producers can’t pay their leasing installments and owe money to partners, Sirje Niitra writes in Postimees, as LETA reports Mart Lees has 180 cows, he sells... (Continue reading)

Two anti-fascists detained in Estonia

Written on 30 Jul, 2009 at 16:39 in Politics
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Two men detained at an anti-fascist demonstration were ousted from Estonia. Says the Estonian Border Guard, the two men were forbidden to enter Estonia and were there illegally. Both men were returned to Latvia via the Valga/Valka border crossing. ‘... (Continue reading)

Estonia to turn hundreds of hectares land into an industrial park

Written on 30 Jul, 2009 at 16:38 in Economics, Society
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State will turn hundreds of hectares land in Ida-Virumaa into an industrial park, in hope to get investments for amount of EEK 12 bln and establish 4000 new jobs in 10 year, Lauri Linnamäe writes in Postimees. According to the... (Continue reading)