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Neivelt: Estonian economy not well

Dec 11, 2003
Baltic Business News

TALLINN - In an interview to Postimees, Hansabank Group Chairman Indrek Neivelt said that the Estonian economy was far from healthy and that there might be serious setbacks over the next few years. "The current way of living shows that people are selling property to finance their needs. For instance, they sell a cow on one day, then the second on the next day, and on the third day they purchase a new colorful, soft chair," said Neivelt. "This model is not working if the chair in question is not ...

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