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High-tech can be highly lucrative for Baltics

Nov 25, 1999
By Brooke Donald

TALLINN – The future of foreign direct investment in the Baltics is in the information technology sector, but government red tape and outsiders' perception of corruption are keeping the business from making a boom, or a buck, according to Estonian Investment Agency statistics. The top two reasons foreigners shy away from investing in the Baltic region are bureaucracy and corruption, the statistics say. However, investors cite the quality of the labor force and the sophisticated communications sy ...

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