Tradingfloor.com - Peter Garnry
Non-Independent Investment Reseach
The debt crisis in Europe is still on and the overhang from our reckless spending in governments and households will haunt us for years, maybe even decades. The hangover will be worst for the most indebted countries, predominantly peripheral countries and French-speaking countries (France and Belgium). Our current situation is a cancer brought about by two main catalysts: dysfunctional labour market laws and a reckless spending culture fueled by disregard for savings and investment. Estonia has completely avoided this cancer and the country's model should be considered the future model of Europe.
EUROVIEWS - Estonia has a long history of both emigration and immigration that has coincided with periods of colonization, independence and occupation. The other period added to this list can be – euro crisis. High prices, austerity measures, bitterness of helping technically richer southern countries, and other disappointments that the euro brought to Estonia encourage Estonians to pack their bags and leave to pursue their happiness in other countries.
BBN - According to a study of the Development Fund, Estonia should have at least two to three times more IT specialists than at present, writes Äripäev.
ERR - Parliament committees from the three Baltic states adopted a declaration today, drawing attention to unequal distribution of EU agricultural subsidies among member states.
BBN - More and more foreign companies are discovering Estonia as a provider of share services functions, writes Äripäev.
ERR - Statistics Estonia senior analyst Silja Karu says last year's fast-paced economic growth did not improve quality of life for Estonians because prices rose faster than earnings.
ERR - While confidence in the economy generally worsened across the EU between February and March, in Estonia it took a turn for the better, figures released yesterday by the European Commission show.
ERR - Estonian retailers feel differences in sales law in the EU are hampering their access to many markets abroad, according to the Justice Ministry, which met with several business associations to discuss progress toward this aspect of the single market.
ERR - According to Statistics Estonia, 11,909 companies exported goods in 2011, of which half were located in Harju County. The share of non-resident companies in that total was 15 percent, more than a year ago.
ERR - The cost of employing workers in Estonia rose 7.2 percent between the final quarters of 2010 and 2011, the biggest jump in the Eurozone.
ERR - The second of the four Embraer 170 aircraft leased from Finnair arrived on March 7, allowing Estonian Air to continue implementing its strategy for competing with low-cost carriers on regional routes.
ERR - Baltic prime ministers affirmed their support today for the construction of the five-billion euro Visaginas nuclear power plant in Lithuania by 2020.
ERR - Estonia's consumer price index was up by 4.2 percent in February compared to the same month of last year, with the increases largely helped along by rising housing costs, Statistics Estonia has said.
ERR - Estonia should increase state funding in IT field education to be able to bring in work to the country as well as export specialists, said a regional executive of a business software giant.
ERR - The average gross monthly wage in the fourth quarter of 2011 stood at 864 euros, 6.3 percent higher than in the same period the year before, according to Statistics Estonia.
ERR - The Ministry of the Interior has submitted a bill that tightens the conditions for granting temporary residence permits to foreign business people.
ERR - Although last year was exceptionally good for the tourism sector, the expectations set for 2012 are humble, said Feliks Mägus, chairman of the Hotel and Restaurant Association.
Warsaw Stock Exchange and New Europe Events have a great pleasure to invite you to participate in the New Europe Venture Contest Semi-Final conference on February 15, 2012 in Swissôtel Tallinn, Estonia.
ERR - A new report commissioned by the computer security company McAfee ranks Estonia as having a reliable cyber security structure.
ERR - Fits.me, a company that develops robotic fitting technology for clothing sales over the internet, has received the financial backing of the London-based Entrepreneurs Fund.
ERR - More than one in three of enterprises finished in the red in 2010, according to a senior statistician at Statistics Estonia.
ERR - Consumer prices in January were up 4.5 percent compared the same month of last year, with the growth fueled to a large extent by rising energy costs, Statistics Estonia has announced.
ERR - Spanish manufacturer Atienza & Climent Group will open a new factory in Tallinn next week specializing in the production of plastic toys, including those under the popular Hello Kitty brand.
ERR - Estonia's industrial production volumes finished up 18 percent higher last year compared to the year prior, Statistics Estonia has announced, though the bang seen in early 2011 has since turned to a whimper.
ERR - The government may sign another carbon credits deal with an unnamed Japanese corporation, in exchange for 150 hybrid cars for public sector employees.