Posts Tagged economy
Tallinn Tales
Posted by alibabarika in Estonia Articles on May 7, 2011
When we think of a weekend break on the continent, it’s normally the likes of Paris and Amsterdam that spring to mind. But with an ever-growing array of European destinations available from UK airports, there are some great alternatives that are well worth considering.
One such hidden gem is the Estonian capital, Tallinn. Rapidly gaining a reputation as the ‘new Prague’, Tallinn is a city immersed in history and architectural beauty and, located on the Baltic coast just 30 miles from Helsinki, it is the embodiment of the phrase ‘East meets West’.
Top 5 Emerging Property Markets in Eastern Europe
Posted by alibabarika in Estonia Articles on January 7, 2011
While the rest of the western world wonders whether domestic real estate investment remains a sensible consideration now that yields and equity growth rates are tumbling and the fast moving property sector slows and even stagnates in certain countries around the world, there exists a part of the world where real estate sectors are booming and the long term prospects for profit and growth are substantial.
Eastern Europe – home to stunning scenery, beautiful coastlines, unexplored forests, a wealth of history and culture – and now also home to some of the most exciting emerging economies and real estate markets in the world.
Real Estate Property Investment Series: Focus Estonia 2007
Posted by alibabarika in Estonia Articles on September 7, 2010
Estonia is a relatively recent addition to the European Union having joined in 2004, and it is one of the most successful and affluent of the new members too. In just a few short years the Estonian government transformed theirs into a modern market economy and by 2007 Estonians’ per capita GDP, as measured using the purchasing power parity method, will be on a par with Portugal’s which sits at around 70% of the EU average…an impressive rise in economic fortunes in such a short period of time.
Contributing to the economic success of the nation is the fact that Estonia has an attractive flat tax rate, it has developed impressive electronics and telecommunications sectors and has strong trade links with some of the more affluent nations surrounding it such as Finland and some of the largest economies in mainland Europe such as Germany. The rise in economic fortunes of Estonia has seen unemployment halve in a few short years and as GDP has grown so has the mortgage market in Estonia – it has grown by 80% in actual fact.
A Baltic Cruise – Part Two – Estonia
Posted by alibabarika in Estonia Articles on August 5, 2010
On Friday we took a short cab ride from our Copenhagen hotel to our ship for embarkation procedures. The Rotterdam, Holland America’s flagship was launched in 1997, has a gross tonnage of 59,000 and holds 1600 passengers. That means it’s not one of the mega-cruise ships plying the seas. In November, 2009 the ship is due to go to Freeport in the Bahamas for a lot of refurbishing.
The passengers tend to be middle-aged and older, with a sprinkling of canes, walkers and wheelchairs. The crew does very well catering to the needs of this older bunch so it’s a pleasant experience.