STOCK EXCHANGE: Little hope for Tallinn stock market

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STOCK EXCHANGE: Little hope for Tallinn stock market

May 28, 2008
By Marge Tubalkain-Trell

HEADING SOUTH: The Tallinn bourse is so cold right now others might want to take up residence there.

TALLINN - The Tallinn stock market is in the middle of a major crash. Investment companies say the fall has been logical and see no sign of an upturn before 2009. According to the Halifax annual report the stock market index has fallen 34 percent – drastically more than the EU average of 17 percent. “It has been all over the world that the markets have descended, [mainly] because of a worse economic sentiment and credit crises. In Estonia and the Baltics, a general cooling of the economy an ...

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