Investors pick and choose in stagnant climate

  • 2009-09-17
  • By Ella Karapetyan
TALLINN - Despite the global economic recession, direct investments made in Estonia in the January-March period this year were relatively large and made up more than 3 percent of the quarterly gross domestic product, says an adviser at the Bank of Estonia's monetary policy department, Andres Saarniit. According to the Central Bank, foreign direct investment in Estonia totaled 2.6 billion kroons (166.6 million euros) in the first quarter. Looking in the other direction, Estonia's direct investments in other countries totaled 1.8 billion kroons, therefore Estonia registered a net inflow o...
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