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Paavo, Vambola

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Postimees - Estonia | 21/08/2006

The Estonian tiger in danger

The terms "Estonia's economic miracle" and "Baltic tiger" were coined during former Estonian Prime Minister Mart Laar's term in office (1999-2002). According to Vambola Paavo, this success story is now in danger of coming to an end. "It's no longer profitable for companies to produce in Estonia. It's increasingly expensive to employ people, and the best-qualified are going abroad. But this doesn't stop Prime Minster Andrus Ansip from talking about how well everything's going and how the annual growth rate is at eleven percent. You might excuse him because after all he got his degree in chemistry and he's not a financial expert. But at the moment our southern neighbours in Latvia and Lithuania are doing better than we are. Latvia's Ventspils is on the transit route for oil from the East to the West...".

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