Tallinn - The Organisation for Economic Development and Cooperation (OECD) called on the Baltic state of Estonia Monday to introduce more flexible budgets and to avoid producing another housing bubble.

Tallinn - Official figures released by the Estonian national statistics office Tuesday showed the Baltic state's March consumer price index (CPI) rising by 2 per cent year-on-year, compared to 3.4 per cent in February.

The last time the year-on-year CPI figure dipped below 2 per cent was in April 2004.

Estonia's year-on-year inflation figures peaked at 11.4 per cent as recently as June 2008.

The news will provide a boost to the Estonian government's aim to adopt the euro as the national currency as early as July 2010.

Tallinn - Estonia's Prime Minister Andrus Ansip and his Latvian counterpart Valdis Dombrovskis met in the Estonian capital, Tallinn on Thursday to compare notes on the Baltic region's economic woes and to prepare for the forthcoming NATO summit to be held in Strasbourg and Kehl.

Ansip tried to strike an upbeat note despite the economic gloom in the two countries which have seen real estate bubbles burst and rapid growth go into an equally rapid decline.

Tallinn - Construction work on a new landmark Freedom Monument in the Estonian capital, Tallinn, was halted Thursday when it was discovered to be nearly three tons heavier than expected.

During a morning installation process for the monument, which takes the form of a 26-metre-tall glass cross, a crane recorded that it was 2,700 kilos heavier than anticipated.

Work was halted while engineers worked out if supporting pillars were strong enough to cope with the extra weight.

Tallinn - Herman Simm, a former senior Estonian intelligence official found guilty of spying for Russia, was stripped of the honours he earned during his career by special order of Estonian President Toomas Hendrik Ilves on Friday.

"President Ilves signed a resolution today to withdraw the Order of the White Star, Fourth Class from Herman Simm, who has been criminally convicted of treason," said an official statement.

Tallinn  - Estonian Prime Minister Andrus Ansip said Thursday that the Baltic state could adopt the euro as its national currency by the middle of next year.

"It is possible that Estonia will request an extraordinary assessment from the European Commission and European Central Bank (ECB) this year," Ansip told a news conference in the Estonian capital, Tallinn.

"The purpose of requesting the assessment is so we could join the eurozone from July 1, 2010," he said.