Investors Improved Attitudes toward Estonia
OREANDA-NEWS. May 21, 2010. Deputy secretary general of the Estonian Finance Ministry Tanel Ross, who attended the annual meeting of the European Bank for Reconstruction and Development (EBRD), said that the attitudes of investors toward Estonia have become considerably better of late.
During the EBRD meeting in Zagreb at the end of last week several private banks wished to meet with the Estonian delegation, inquiring about financing opportunities and the basic principles of Estonia's economic policy, Ross said according to the ministry.
On repeated occasions Estonia's making it to the threshold of the eurozone was mentioned with recognition and the country named as an encouraging example in several speeches.
The European Union economic and monetary affairs commissioner, Olli Rehn, in his speech that focused mainly on Europe's fiscal problems also cited the example of Estonia and the Commission's recommendation that the country be admitted to the eurozone as proof that the door to the common currency remains open for those who fulfill the criteria.
"In the speech of Estonia as the bank's shareholder we emphasized that side by side with post-crisis projects to stabilize the economic environment the bank definitely should support also investments in infrastructure, particularly in places where insufficient connections hinder deeper regional integration," Ross said.
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