Estonia

IMF says Estonia does not need loan

International Monetary Fund (IMF) LogoTallinn - The International Monetary Fund (IMF) gave a cautious assessment of Estonia's future prospects Monday, but said the Baltic nation does not need a bail-out package like the one recently requested by neighbouring Latvia.

"The most important aim at present is to achieve economies in budgetary expenditures," said Franciszek Rozwadowski, head of the IMF group which visited Estonia, at a press conference at the end of his trip.

"The most important aim at present is to achieve economies in budgetary expenditures," he said.

Estonian president launches YouTube video blog

Estonian president launches YouTube video blog Tallinn - Estonia, the Baltic nation whose enthusiasm for all things related to the internet often sees it referred to as "E-stonia" has added another item to its cyber-portfolio by launching an online presidential blog Tuesday via the video website YouTube.

Visitors to YouTube can see Estonian President Toomas Hendrik Ilves giving a five-minute chat to the nation on the subject of the economy in what is claimed to be the EU's first presidential videocast.

Baltic defence ministers plan joint infantry force

Baltic defence ministers plan joint infantry forceVilnius  - Defence ministers from the three small Baltic republics of Estonia, Latvia and Lithuania met in Birstonas, Lithuania, Thursday to discuss plans to pool their armed forced and create a joint infantry battalion.

Jaak Aaviksoo of Estonia, Vinets Veldre of Latvia and Juozas Olekas of Lithuania met keeping with their schedule of twice-yearly joint meetings.

Stand-off in Estonia over legislators' wage freeze

Estonia MapTallinn - Parliament and president were locked in a legislative stand-off in Estonia on Tuesday after the Estonian parliament, the Riigikogu, passed a bill on freezing the wages of deputies for a second time.

President Toomas Hendrik Ilves refused to sign the same piece of legislation last week.

The effort by Estonian parliamentarians to freeze their own salaries as part of a national austerity plan was blocked on November 24 when Ilves refused to sign the relevant bill into law, saying that it was contrary to the constitution.

Estonian ferry group denies airline takeover plan

Estonia FlagTallinn - Tallink Group, an Estonian operator of ferries in the Baltic Sea denied press reports Monday that it is preparing to take to the skies as well as the waves by purchasing national airline Estonian Air.

Newspaper Aripaev reported that Tallink and the Estonian Economy Ministry were working together on a plan to buy out the 49-per-cent stake of Estonian Air which is currently owned by pan-Scandinavian airline SAS.

Last week SAS said if it could not secure a majority share of Estonian Air, it would sell its shares.

Estonian government opens doors to an eager public

Estonia MapTallinn  - Government ministries in the Baltic nation of Estonia threw their doors open to the public Wednesday as part of the country's celebrations to mark 90 years since it first declared independence.

Estonia prides itself on its open governance, frequently scoring well in international surveys for its low levels of corruption and high transparency of information.

But on Wednesday, designated "Citizens' Day," it took things one step further by inviting the general public through the hallowed portals of government.

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