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Estonian debt levels decline
- From wire report
TALLINN - The indebtedness of Estonian companies and households continued to decline last year, Estonia’s central bank Eesti Pank said in its fresh financial account statistics, reports LETA.Low levels of investment and economic activity led to a decline of around 2 percent in the total stock of corporate debt liabilities in 2013. The structure of debt liabilities did not change much, and foreign debt liabilities accounted for some 36 percent of the total.Corporate equity grew strongly in 2013. Although corporate profit growth slowed and large dividend payouts had something...
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