Russian Companies Freeze Industry Investment Plans ({{commentsTotal}})


Four Russian companies have shelved plans to set up production facilities in Narva due to the crisis in Ukraine.

The companies, which would have exported output straight to Russia, would have created 80 jobs in Estonia's third largest city, ETV, but will shelve the plans until at least November.

Teet Kuusmik, head of a foundation to develop industry in Ida-Viru County, said the companies fear a new wave of sanctions.

He said other companies are moving forward with their plans of beginning production in Narva.

Many logistics companies are moving north as Ukraine as a transport corridor is no longer operational, Kuusmik said, adding that that is a great opportunity for Estonia and Finland.

+{{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

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.