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Estonia sees first major slowdown since joining EU Estonia is seeing its first major economic slowdown since it joined the European Union in 2004 and it will have to handle the accompanying problems with care, the International Monetary Fund said in a report Monday.

In April, Estonian consumer price inflation hit a 10-year high of 11.4 percent as growth slowed to 0.4 percent in the first quarter of 2008.

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Main news

AICS Managing Director Returns from Global Credit Solutions Regional Meeting in Estonia Anthony Kelly, Managing Director of All Ireland Credit Services Limited (AICS), recently returned from Tallinn, Estonia, where he represented all of Ireland at the Global Credit Solutions (www.gcs-group.com) European regional meeting.

Attended by more than 20 European partner country representatives of the GCS global network, the group discussed and established submissions for a

Other news

NATO to give Estonia cyber defences Seven NATO nations backed a new cyber defence centre in Estonia, the ex-Soviet state which last year faced weeks of denial of service attacks on its internet infrastructure after a row with Russia.

Germany, Italy, Latvia, Lithuania, Slovakia and Spain agreed to help fund and staff the centre in the Estonian capital Tallinn. The US will initially send an observer to the project,

Workers

What PM Ansip said about 2008 back in September The following is the speech given by PM Andrus Ansip in the Parliament in September 2007 when presenting the draft budget for 2008.

“Only a few months ago we heard critics’ accusations that the Estonian economy is overheated. That the bubble inside which we have suddenly found ourselves was about to burst. Today, only a few months later, the same critics claim ev

Life & Health

Possible devaluation of lat worries Estonian businesses in Latvia Latvian inflation and energy prices have made the Estonian businesses in Latvia fear the worst : possible devaluation of the Latvian lat.

Most Estonian businessman with business in Latvia interviewed by Äripäev were extremely worried about the fact that the inflation in Latvia is 16.8 pct, electricity prices have gone up 37 pct and gas prices 50 pct.