Ukraine Impact on Estonian Economy on Its Way, Says Academic ({{commentsTotal}})

Business
Business

University of Tartu macroeconomics professor Raul Eamets said the Estonian economy is yet to feel the effects of the Ukraine crisis.

Speaking on ETV on Monday, Eamets said the recently published economic figures, with Estonia's GDP contracting 1.9 percent year-on-year in the first quarter, was due to a warm winter and cheap electricity.

He said the Ukraine crisis and economic relations with Russia will affect Finland and Latvia, two of Estonia's largest trading partners, adding that the current state budget did not take all this into account and it might have to cut down on promises.

Speaking about economic growth forecasts for the current year, Eamets said no growth will be a good result.



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.