Posts Tagged economy

Investing in the Baltic Tiger: What Has Estonia Got to Offer?

Estonia’s reputation is growing within the property investment market. Rising far above her new European neighbours in terms of infrastructure and growth, Estonia is fast becoming the Baltic’s very own ‘Tiger’ economy with a healthy growth rate of 5.5% in 2004. In fact, all the economic indicators are looking very positive with employment growing steadily last year in construction, transport and communications, areas that suggest a growing emphasis on attracting inward investment and a strong property development market.

All these factors have contributed to Estonia being ranked 28th in the IMD’s “World Competitiveness Yearbook” of 2004 and 6th place in the Heritage Foundation’s “Index of Economic Freedom” of 2004. The rankings are a further affirmation of Estonia’s positive economic development, which stands in contrast to many European states, which are now experiencing economic slowdowns.

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Tallinn, Estonia – A Great Place To Visit For Business Or Vacation!

Tallinn, the capital of Estonia, is well known for her fully preserved medieval Old Town and a pulsating nightlife. Recently many stylish places for eating and drinking have sprung up in Tallinn, many of them offering decent quality food, and it is not hard to find a place for dancing. Those who travel out of the city will get acquainted with our beautiful countryside (for instance, Estonia is known as the land of 1000 islands), the long seashore, the picturesque Baltic German manor houses etc.
And there are not many cities whose face is designed by the 21st century rather than the 18th or 19th.

Situation

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Cyberwar in Estonia and the Middle East

Did a member of your family help launch a cyber attack that brought an entire nation to its knees? No, seriously, don’t laugh. In April 2007, communications in the Baltic state of Estonia were crippled through a coordinated attack that relied on the computers of millions of innocent users around the world, just like you and your kin. The strike was notable in fully demonstrating how cyber war had moved from idea to reality. And it all started with the movements of a single soldier.

The Bronze Soldier is a two-meter statue which formerly stood in a small square in Tallinn, the Estonian capital, above the burial site of Soviet soldiers lost in the Second World War. The memorial has long divided the population of the country, with native Estonians considering it a symbol of Soviet (and formerly Nazi) occupation and a large minority population (around 25% of the total) of ethnic Russian immigrants seeing it as an emblem of Soviet victory over the Nazis and Russian claims over Estonia. When the country’s newly appointed Ansip government initiated plans to relocate the statue and the remains as part of a 2007 electoral mandate, the move sparked the worst riots the country had ever seen – and a startling cyber attack from Russia.

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