Sharp drop for Estonian FDI

  • 2009-07-02
  • By TBT Staff
TALLINN - Estonia saw a massive drop in the level of foreign direct investment in the country in the first quarter of the year.The Estonian Central Bank reported earlier this month that foreign direct investment in Estonia totaled 2.6 billion kroons (166 million euros) in the first quarter of the year 's a drop of nearly one third on the previous quarter. The total amount of direct investment was still relatively large, however, totaling more than 3 percent of the country's GDP. Estonian Foreign Minister Urmas Paet highlighted the importance of FDI and the strategies that developing...
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