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Entries for tag: Estonia
Fitch downgrades Baltic States
The London-based rating agency Fitch has downgraded European Union members Estonia, Latvia and Lithuania and maintained a negative outlook, citing large current account deficits.
Read ArticleWhat is the point of drinking?
Drinks as thirst quenchers? They are far more than this, according to the German futurologist Matthias Horx. He thinks drinks are lifestyle. Luxury and sustainability are no longer contradictory. For example, a person who enjoys smoothies doesn’t show he is too lazy to snip fruit, but demonstrates spirit of the times, humour and style! According to Horx, drinks will be successful in future if they are presented as “pleasant personalities” and meet the consumers’ desire for health and activity – just like the fruity drink snacks in the handy container for a vitamin boost between times.
Read ArticleStrong growth in Estonia
Estonia’s GDP grew 7.0% in 2007, following 11.8% in 2006 and 10.5% growth in 2005. Average GDP growth has been over 9% for the last eight years. Growth is projected to be 5% in 2008. The contribution of domestic demand to growth has increased markedly since 2005, as consumption has been fuelled by wages
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Rail strike fails to stop Brau Beviale
A rail strike and snow storms marked the start of BRAU Beviale 2007 in the Exhibition Centre Nuremberg (14-16 November), but this did not deter the 34,456* trade visitors (2006: 36,260*) at this year’s most important capital goods exhibition for the beverage industry. The share of international visitors rose in both percentage and absolute terms. 28 % came mainly from Austria, Switzerland, Belgium, Russia, the Netherlands, the Czech Republic, France, Great Britain, Italy and other growth markets in Central Eastern and Eastern Europe to source information about beverage raw materials, technologies, logistics and marketing from the 1,416* exhibitors (2006: 1,437*) – almost 40 % of them international.
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CEE immigrants changing British food taste
Immigrants from Eastern Europe have changed Britain by looking for work across the country, not just in traditional centres such as London and the South East, a study has found.
Read ArticleReal estate prices increasing in Baltic States
Strong economic growth, with GDP growing over 7.5% per year on average for the last seven years, is pushing all real estate prices toward Western European levels. Land is no exception. As residential prices grow by 10-25% annually, and commercial rents continue their steady climb, Ober-Haus Real Estate Advisors sees land prices continuing their upward rise.
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