Relocation of Nordic factories to Southeast Asia has attracted considerable notice these days, but there is little attention being paid to a gradual transfer of production to the Baltic States in the 1990s and at the beginning of the 2000s. During this time span, Nordic capital has gained a strong foothold in the Baltic business environment. In regards to Nordic investments, in 2002 half (3.1 million USD = 54 percent) of the total went to Estonia, followed by Lithuania (1.6 million USD = 29 percent) and Latvia (1.0 million USD = 18 percent). What is exceptional here is the Nordic stak...
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