TALLINN - A political struggle centered around water prices has brought the Tallinn municipality into conflict with international investors and the national government. The European Bank for Reconstruction and Development criticized the Tallinn City Council's decision to lower consumer water prices, saying that it contradicts a 1994 loan agreement between the city and Tallinna Vesi, the local water utility. In a letter to the Tallinn city government, Finance Minister Siim Kallas demanded the decision to decrease prices be reversed, saying that it threatens to ruin Estonia's relations with t...
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