International Internet Magazine. Baltic States news & analytics
Thursday, 23.02.2017, 02:20
Estonian Minister of Finance Sven Sester has proposed to the government to plan strategic investments that increase Estonia's competitive ability and defense ability in the amount of 315 mln euros in 2018-2020.
Keyword tags: Budget, Economics, Estonia, Investments, Markets and Companies
The availability of financing of companies is aided by good access to bank lending, low interest rates, and profits built up earlier Companies are borrowing more than before from Estonia, and less from abroad Growth in household loans accelerated in 2016, but remained slower than growth in incomes and savings. The loan portfolio to companies and households will grow by around 5% in the years ahead, which is about the same rate as nominal GDP
Estonia climbed from ninth to sixth place on the Heritage Foundation and Wall Street Journal (WSJ) 2017 index of economic freedom published on Wednesday writes LETA/BNS.
Latvia’s economic growth will accelerate to 3.2% this year and 3.4% in 2018, according to the Finance Ministry’s forecast writes LETA.
The European Parliament today backed the EU-Canada Comprehensive Economic and Trade Agreement (CETA), facing down protests by activists and Donald Trump-inspired calls for protectionism, reported LETA according to AFP news agency information.