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NEWS

Lower oil prices boost to Estonia

Jul 30, 2008
From wire reports

TALLINN - Hansabank analysts are welcoming the recent weakness in the price of oil on global markets as they believe it marks an especially beneficial development for small country economies like Estonia’s. The decline in oil prices is definitely positive, Hansabank Markets macro analyst Annika Paabut said but added that its impact in itself depends on how lasting the fall is or, in other words, how stable oil prices will be in the near future keeping in mind future transport costs. “Eston ...


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