Development funding scrutinized

  • 2012-04-25
  • From wire reports
TALLINN - Estonia’s state-owned entrepreneurship development foundation, Enterprise Estonia, has over the past decade financed a shocking number of companies that have stopped operating; however, Enterprise Estonia itself thinks that the situation is good, reports Eesti Ekspress.In 2002, 120 companies received start-up support (each from 50,000 - 100,000 kroons). The amount of support was small then, around 9 million kroons (576,900 euros) altogether. Sixty-six of the companies have by now been deleted from the Business Registry, liquidated, are bankrupt or have a big tax debt...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section