Monday, March 06, 2006

Estonia's Rapid Economic Expansion Continues

GDP growth in Estonia continues to be extremely rapid, at 10.5% during the last quarter of 2005 compared to a year earlier according to preliminary estimates. More detailed numbers about the composition of growth is not available until the final numbers are released on March 31st.

Estonia's extremely business friendly climate with relatively low burden of taxation and regulation, along with sound macroeconomic policies with a budget surplus and a currency board has helped fuel growth.


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