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Estonian economy slows down to 0.4 per cent, flash estimate shows
We can say there was a very fast slow down in real estate, which doesn't only include development. And we can see railway and transport slowed down significantly,' the head of national account service at Statistics Estonia Tonu Mertsina told Deutsche Presse- Agentur dpa. Slowing domestic demand, rapid wage growth and a cooling real estate market have forced Estonia's government to cut its budget, delay plans to join euro and lower its 2008 economic growth forecast.
The gross domestic product grew by 4.8 per cent in the last quarter of 2007. Economy experts predicted the growth to slow down to 2.5 per cent. Detailed economic statistics will be released on June 9. Estonia's expansion slowed to 7 per cent last year from more than 11 per cent in 2006.
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Flight to Tallinn:
Tallinn's airport, harbours as well as bus and train stations are all located within easy reach of the city centre and Old Town.
Eventful Tallinn:
Tallinn has always been host to festivals, sports competitions and major cultural events. Today, the urban backdrop of the nation’s capital is an important part of the Estonian cultural landscape.
Accommodation in Tallinn:
A wide range of accommodation is available in Tallinn, with the number of choices continually growing.
Useful information:
Official name: Republic of Estonia (in Estonian: Eesti Vabariik).
Capital Tallinn - 397 thousand inhabitants.
The currency is the Estonian kroon (EEK) (1 EUR =15.6466 EEK)
Emergency numbers in Estonia: police 110, ambulance and fire department 112
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