February 2009
Emerging Europe Monitor: Central Europe & Baltic States;Feb2009, Vol. 16 Issue 2, p10
Country Report
The article presents political, economic and business risks for Estonia. A 2009 budget has been passed by the Estonian parliament on December 10, 2008 with a planned deficit of EEK700 million. The country's current account deficit is expected to decline on the back of the recession as external financing diminishes and domestic demand for imported goods fall. It is also predicted that a serious crisis risk is faced by Estonia related to external debt refinancing.


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