Estonian Review E E S T I R I N G V A A D E VOLUME 18 NO 21 MAY 14-MAY 20, 2008

QUEEN OF NETHERLANDS IN FOREIGN NEWS Ansip: Liberal Economy, Cooperation Can Overcome Poverty May 17 - Speaking at the EU Latin American and Caribbean (LAC) summit in Lima, Peru, Estonian Prime Minister Andrus Ansip said that liberal economy and regional cooperation would help to overcome poverty. In the early 1990s not all EU member countries were on a level such as they are today, Ansip said. "Reforms by which the liberal economic model was introduced helped Estonia to increase its welfare. More liberalism and less protectionism is my message to countries intending to actively deal with overcoming poverty," he added. In order to win investments and for Queen Beatrix of the Netherlands begins her three day visit to people to get work, Ansip said, it is Estonia by meeting with President Ilves at Palace necessary to have transparent legislation, a simple tax system and a Queen of Netherlands Arrives in Estonia on State Visit predictable business environment. May 16 - Queen Beatrix of the Netherlands arrived in Estonia on a Discussing problems connected state visit that lasted from May 14 to May 16. with climate change and protection of The Dutch monarch met on the first day of the visit with President the environment, heads of Toomas Hendrik Ilves, Prime Minister Andrus Ansip and speaker of the governments stated that the only parliament Ene Ergma. possible way to achieve wide President Ilves and Queen Beatrix in their meeting at the Estonian acceptance of the Copenhagen president's office spoke about relations between the two countries, the environment agreement in 2009 was future of Europe, e-governance in Estonia and developments in the field of by joint efforts. information technology. The common position of the “Estonia and Holland have been culturally linked for centuries and we European Union and Latin America is understand each other excellently," Ilves said. that acceptance of the global aims set He said Holland served as a great example for Estonia of how a small in the agreement is extremely country can be influential internationally. important. Speaking about protection Prime Minister Ansip presented to Queen Beatrix the government seat of of the environment, the Estonian . The prime minister showed the monarch the room of prime minister said that environment- government meetings and presented the electronic arrangement of work. friendly technologies were the most He also spoke about the e-services that are widely used in Estonia. cost-effective in the long term. On the second day of her visit, the queen of the Netherlands visited the Asked about Estonia's participation Town Hall and met with City Mayor Edgar Savisaar. in the summit, Ansip said that if we Mayor Savisaar spoke to Queen Beatrix about the city's history and wanted others to understand problems economic relations, and the queen signed the city's guest book. directly pertaining to Estonia we would After that she toured the Old Town and participated in a presentation on have to ensure visibility in the world. urban development at the Museum of Estonian Architecture. She also visited "We must communicate also with the KUMU art museum and the Tehnopol technology park. areas that have not been included in On the final day of her visit, Queen Beatrix flew to Island, Estonia's traditional sphere of visiting the Town Hall Square of the island capital Kuressaare and planting a interests until the present," he said. tree in the park of the Episcopal Castle. She also participated in a discussion It is in Estonia's interest to ensure on island development and visited the Kuressaare Trade School. unity of the European Union in as many The visit by Queen Beatrix to Saaremaa was the first trip there by a foreign policy issues as possible, among ruling monarch since 2001, when Queen Margrethe II of Denmark was in other things also in relations with Latin Saaremaa on a private trip. American and Caribbean countries.

FOREIGN NEWS Estonian MP to Monitor Polls in - Ergma Discusses Environment, Energy Controlled Part of Abkhazia with Bundestag Reps May 20 - The chairman of the Estonian May 19 - Speaker of the Estonian parliament parliament's National Defence Committee, Mati Ene Ergma met with a six-member delegation Raidma, will observe Georgia's parliamentary of the all-party Baltic group in the German elections in the frozen conflict area of parliament (Bundestag) to exchange ideas on Abkhazia. the European Union as well as on the In that region the polls will be held only in the environment and energy. part of the Kodor Valley in upper Abkhazia that is Among other things the meeting with the under Georgia's control. delegation headed by chairwoman of the Vice-chair of the committee Kadri Must will also parliamentary group Christel Happach-Kasan be monitoring the elections as a member of the focused on the need to support countries that had NATO Parliamentary Assembly delegation. She will belonged to the former Soviet Union but had now be stationed in the town of Telavi in East Georgia. launched democratic reforms. The Estonian parliament is sending to Georgia a Ergma underlined that environment issues took a group of observers consisting of Helmer Jogi, Mart very important place in Estonia. In her opinion it Laar, Vaino Linde and Evelin Sepp. Other Estonian was reasonable to move from the particular to the lawmakers monitoring the polls are Andres Herkel as general, because dealing with the closest problems a member of the Council of Europe Parliamentary of environmental pollution, including supporting the Assembly team and Mart Nutt and Jaanus Marrandi respective civic initiative helped the society better as part of the delegation of the OSCE Parliamentary understand global concerns. Assembly. It was underlined at the meeting that it was necessary to contribute more into the condition of Estonian MP Meets with Imprisoned the Baltic Sea and common efficient activity in that Journalists in name and that the countries around the sea should May 18 - Andres Herkel, head of the Estonian set common interests higher than their own or of delegation to the Parliamentary Assembly of some influential company's narrower interests. the Council of Europe (PACE), began a fact- Ergma said that this was the reason why Estonia finding mission in Azerbaijan where he met, regarded the gas pipeline to be built in the Baltic among others, with imprisoned journalists. Sea with extreme caution, as the Baltic Sea hides as Herkel said that, together with the Bulgarian a legacy of wars hundreds of thousands of tons of surveillance reporter Evgenia Zhivkova, they would explosives and chemical weapons. later that day meet with the imprisoned journalists "Superficial attitudes to such circumstances may Zakit Sahidov, Ganimat Sahidov and Einullah lead to irreversible negative consequences for all of Fatullajev. us," Ergma said. "Comparative studies of alternative Sahidov and Fatullajev were editors-in-chief of overland tracks should certainly be made." the main opposition papers before their arrest. The German politicians expressed the view that On May 19 and 20 the reporters met with an environmental tolerance study should give an representatives of power, including President Ilham answer whether the Nord Stream gas pipeline was a Alijev. responsible and practicable project. Herkel and Zhivkova are drawing up a report on Proceeding from issues of the environment also the situation in Azerbaijan, with the first version of EU member countries' energy supply security in the the report to come up for discussion at a session of future was discussed. Politicians of the German the PACE monitoring committee in Kiev next week. Bundestag inquired about the opportunity of a Herkel said the recent developments did not nuclear power plant built in Estonia. suggest and optimism concerning the regularity of "You can take into consideration that the whole the presidential elections to take place this fall, in European Union is solitary with you in the solution of addition to deficient freedom of the press and the both security and energy issues," Happach-Kasan existence of political prisoners. Herkel said that a said. "A united European Union permits us to be shadow had been cast over the situation because strong." the long-awaited amendments did not add any The representatives of the two parliaments security concerning balance of forces in electoral considered it very important to contribute renewable committees, and also the freedom of assembly was alternative energy sources as well as to accelerated not sufficiently granted. development of novel future technologies in energy In economic terms Azerbaijan is doing well after generation. the building of the Baku-Tbilisi-Cheyhan oil pipeline. Ergma raised the issue of continued support to It has added fortitude to the geographically strategic and Georgia in the EU neighbourhood policy. position of the country. "These countries are potential allies of the May 20, Herkel left Baku for Tbilisi in order to European Union and we must be able to constantly take part in the observation mission of Georgian support them in order that they should have the parliamentary elections. courage and will to continue their democratic way of development," she said. The members of the German delegation agreed Agreement on Estonia Cyber Defence that Georgia and Ukraine had lost a lot of time and Centre Signed in Brussels they wouldn't manage to make up for the lost time May 14 - Top defence commanders from seven without strong support from the European Union. countries signed documents in Brussels on the establishment of a NATO Cooperative Centre of Excellence in Cyber Defence in the Estonian our work," said Social Affairs Minister Maret capital Tallinn. Maripuu. Gen. James Mattis, the Supreme Allied Commander Transformation, said is his remarks that Estonia Wants Visa Waiver from Jamaica, Estonia was the first of the countries that joined Guyana NATO lately to come up with such initiative. The US general offered his thanks to Estonia for May 17 - Estonian Foreign Minister Urmas Paet, the initiative and the opportunity offered to NATO meeting with colleagues from Jamaica and with the establishment of the centre of excellence. Guyana on the sidelines of the EU and LAC The commander of the Estonian defence forces, (Latin America and Caribbean) summit, Lt. Gen. Ants Laaneots, underscored in his speech proposed abolition of visas to Estonian the importance of cooperation between allies in nationals. countering cyber attacks and invited also other During his meetings with Jamaican Foreign members of NATO to join the centre. Minister Kenneth Baugh and Guyanese Foreign "We must prepare ourselves for tackling new, Minister Carolyn Rodrigues-Birkett, Paet said that asymmetric threats, and the centre of excellence abolition of visas could increase interest in that is being created serves as a contribution to opportunities of tourism in those countries. this," he said. The Estonian Foreign Minister also met with the Both Mattis and Laaneots shrugged off scepticism Foreign Minister of Uruguay Pedro Humberto Vaz as regards the fact that only seven out of the 26 Ramela, the Foreign Ministry spokeswoman said. members of the alliance joined the centre of Relations between the two countries support to excellence. each other's candidates in international organization The establishment of the centre is still in an early and relations between the European Union and Latin phase and it remains open to all allies, Gen. Mattis America were discussed during the meeting with the said. Uruguayan foreign minister. Laaneots added that in several countries the The foreign ministers found that relations making of the decision as regards participation in between Estonia and Uruguay were good but of low the centre’s work is still under way and that more key. Both the countries are interested in the allies are expected to accede to it next year. development of relations in the political, economic The agreements were signed by German, and cultural spheres. Paet gave to his Uruguayan Spanish, Slovakian, Italian, Latvian, Lithuanian, and colleague an overview of information and Estonian military commanders. communication technology developments in Estonia The accord sets out the terms and conditions for and said that Estonia was prepared to share its countries' participation in the new facility, precise experience. areas of responsibility, coordination mechanisms, According to the foreign ministers Estonia and matters of finance, procedures for joining the centre Uruguay are interested in the development of of excellence and stepping out of it, along with other mutual trade. "We also see a need for business matters related to the arrangement of the work of delegations' visits," Paet said. the centre. Last year Estonia imported from Uruguay mainly The purpose of the centre is to develop NATO timber and timber products, small amounts of fur standards and capacities in cyber defence and to but the main export articles where machines and provide expert advice. mechanical equipment, ferrous metal products and mineral fuel. Maripuu Elected Vice President of World

Health Assembly Estonia Signs Diplomatic Relations with May 19 - At the World Health Assembly that Barbados opened on May 19 in Geneva Estonian Social Affairs Minister Maret Maripuu was elected a May 17 - Estonian Foreign Minister Urmas Paet Vice-President of the organization. and his Barbadian colleague Christopher Peter The assembly has five vice-presidents from Sinckler established diplomatic relations different regions of the world; a representative of between Estonia and Barbados in Lima, Peru. Estonia was elected for Vice-President for the first The ministers discussed opportunities of finding time, the Social Affairs Ministry said. suitable candidates for honorary consuls, a During the week, various issues pertaining to spokesman for the Foreign Ministry said. public health will be discussed at the meeting. Paet is in Peru in connection with the EU-Latin Readiness to pandemic influenza and prevention and American and Caribbean (EU-LAC) summit. control of non-infectious diseases will be considered. Paet said that the most perspective sphere of An important topic of discussion is a world cooperation with Barbados was tourism. Residents of strategy of contracting losses caused by alcohol, the Estonia can stay visa free in Barbados for 28 days. ministry said. Barbados is an island country in the West Indies. Effects of climate change to health, and this The territory of the country is 430 square kilometres year's pervasive theme for the World Health and it has a population of 291,900. Organization, which marks its 60th anniversary of activity this year, will also be addressed. DOMESTIC NEWS "There are more and more health problems in the Study: Consumption of Illegal Alcohol world that are common for countries and to which Down Considerably we can find answers only jointly. Estonia has taken important steps in the promotion of the people's May 20 - According to the Estonian Institute of health in the recent years. Election of Estonia for Economic Research (EKI), three percent of Vice-President of the assembly is in recognition to consumers, the lowest figure of the past ten

3 years, bought illegal alcohol in Estonia last budget and changes in external resources finally year. grew to 4.25 billion kroons. According to the Finance According to EKI's assessment illegal alcohol Ministry data, of this sum 3.36 billion kroons was accounted for 8-12 percent of the domestic vodka used up. market and caused a loss of tax revenue of about 97 "Thus, 940.9 million kroons was carried over into million kroons (EUR 6.2 mln). this year. At the same time it has to be taken into EKI forecasts that in the second half of this year account that a large part of the funds set apart cross border trade of alcohol products could under the supplementary budget was carried over in increase, which could even lead to growth in the full," a spokeswoman for the Finance Ministry illegal market. observed. Illegal cigarettes, however, were bought by In her words, the amount of money transferred slightly more than one third, 34 percent, of into the 2008 budget cannot automatically be taken smokers; of these smokers who ordered cigarettes for the measure of the efficiency of the use of funds from abroad made up ten percent. by the Defence Ministry. Evelin Ahermaa, head of the EKI economic Defence Minister Jaak Aaviksoo from the Pro studies sector, said that it is legally permitted to Patria and Res Publica Union argues that the bring cigarettes across the border but the goods freezing of defence spending would result in the must be for personal consumption alone and any corresponding appropriations dropping below 1 further trade is illegal. percent of gross domestic product. In his words, this The share of illegal cigarettes of the whole also would mean Estonia's failure to keep the cigarette market is 20-25 percent according to EKI. commitment to NATO confirmed by one prime Because of the consumption of illegal cigarettes, the minister after another and their Cabinets' defence state budget failed to receive nearly 400 million and foreign ministers. kroons tax revenue last year. The current budget strategy calls for spending In EKI's opinion the Baltic countries could unify 1.9 percent of GDP on defence in 2009 and this is their tax policy more this year, because otherwise the target the Defence Ministry is aiming at, there would be a lot of transport of goods from one Aaviksoo said. country to another. The funds not used last year and external resources included, the Defence Ministry can count Many Women Employed in Science, on a budget of roughly 5.217 billion kroons this Technology Sector in Estonia year.

May 19 - There are relatively the most Baltic Countries Considering Purchase of university-educated women employed in the science and technology sector in Estonia Fighters compared with the other European Union May 19 - The Baltic countries may acquire countries, it appears from the recent Eurostat fighters after 2018 in order to police their air survey. space, but it is also possible they will continue Women make up 72 percent of all employees in to rely on allies after that date. the Estonian science and technology sector; and the The Baltic countries must submit proposals to percentage is above 65 also in Latvia, Lithuania and NATO by 2011 how the issue of their air space in two regions in Bulgaria, it appears from a security is solved after 2018, Defence Minister Jaak Eurostat survey based on data for 2006. Aaviksoo said. It appears from the report that the share of At present NATO partners provide security of the women in the sphere is higher than the average also Baltic countries air space by rotation. in the eastern part of Germany and in some other If the Baltic countries should decide to acquire countries of the former socialist camp. The fighters, Aaviksoo said, they should first establish percentage of women among workers requiring the what the fighters would be for -- just for policing the so-called third educational level is the lowest in air space or also for combat activity. Turkey, where it mostly remained under 40 percent. The minister said that the fighters needed for just According to Eurostat high-tech production and guarding the air space were much cheaper than services as well as the educational system and those intended for actual warfare, and Estonia public administration are also categorized as couldn't probably afford their purchase. economic activity based on science and technology. One of the problems in continuing to rely on This may provide the reasons why the share of other countries' air space security is that that the women in the sphere tended to be higher in cost of that type of air space security is going to countries metropolitan areas. constantly increase. Until the present the Baltic In addition to European Union countries the countries only pay for the accommodation of the survey also viewed Norway, Iceland, Switzerland pilots and the fuel, but it is presumed that after a and Turkey. certain time Estonia, Latvia and Lithuania would start paying a part of the costs of amortization and DEFENCE NEWS training of the crews. In addition to the purchase of fighters it is also Nearly EUR 60 Million of Defence possible to make an agreement such as Slovenia, Appropriation Not Spent in 2007 where policing of the air space has been May 20 - The Estonian Defence Ministry left 941 permanently shouldered by Italy. million kroons (EUR 60 mln) of national Reserve Lt. Col. Leo Kunnas has said such an defence appropriation unused last year while agreement would have any sense only if Finland the defence minister wants more money for joined NATO as the type of air space security Estonia military defence, the daily Postimees reports. needs could only be carried out from bases in In 2007 the ministry's expenditures were planned southern Finland. at 4.06 billion kroons which after a supplementary

4 Margus Kolga, director general of the political last year and starting from 2010 at least 100 kroons department of the Estonian Foreign Ministry, said a year. that NATO had not yet decided what to do after 2018. He said the time for more detailed discussion Estonian Company to Complete First of the issue would only come in 2011. Romanian Investment Kunnas said that Estonia could buy fighters if the country's defence spending would come to 2.15-2.2 May 20 - IPC Group, an investment company percent of GDP. He said fighters would add a lot to belonging to the Estonian businessman Peep the Estonian defence capacity, because they would Aaviksoo, is concluding its first major be successful in case of an attack for the overthrow investment program in Romania. of the state system. "The primary investment investors made in the An overthrow attack, Kunnas said, would framework of the First IPC Romanian Issue has presume delivery of airborne forces by means doubled in two years," IPC partner Peep Aaviksoo transport aircraft, but fighters could rule out use of said. transport aircraft and consequently also of the IPC Real Estate will continue with other real overthrow attack scenario. estate development and investment projects in Romania in the framework of other investment programs. Mainly smaller towns than Bucharest as CULTURAL NEWS well as tourist areas such as Timisoara, Brasov and KUMU Elected European Museum of the Iasi have been targeted Year The sum total of the investment program of the May 19 - The Estonian KUMU Art Museum has First IPC Romanian Issue was 4.55 million euros. been given the title of European Museum of the In the framework of the investment program year. launched two years ago IPC acquired two properties According to the European Museum Forum the jury suitable for the development of apartment houses in made the decision due to its role in the creation of the Romanian capital Bucharest. The sum total of Estonia's national identity. the project was 420 apartments. There are nearly sixty museums taking part in the On May 9 the company signed a contract for the contest every year. sale of the Celsius Apartment project of 120 KUMU, which has a total floor area of 23,910 apartments. IPC's investment was 1.25 million euros square meters and was designed by the Finnish and the sale price was established at 3.27 million architect Pekka Vapaavuori, was opened to the public euros. on February 18, 2006. IPC Investment Group is a company mainly based on Estonian capital. The total assets of the group as of the end of 2007 totalled 24.9 million ECONOMIC NEWS euros with 3.5 million euros of equity according to non-audited figures. Currency rates in kroons: http://www.eestipank.info/dynamic/erp/erp_ Estonian Air Has Fully Passed To E-Tickets en.jsp System (Bank of Estonia) May 20- The Estonian national carrier Estonian Air no longer issues paper tickets and has fully Estonian Capital Expected to See 11% passed to an e-tickets system. Budget Growth in 2009-2010 Estonian Air spokeswoman Ilona Eskelinen said May 20 – The Tallinn City Government sent to that travel agencies issue e-tickets already since the City Council the budget strategy of the city May 13, noting that issue of paper tickets was not a which sees 11-percent growth in the next two matter of the past. years. But Eskelinen added that passengers who booked According to Tallinn’s budget strategy forecast tickets before May 3 but had not yet retrieved the the budgetary revenue of the city will total 7.67 tickets or had not received confirmation of e-tickets billion kroons (EUR 490 mln), nearly 11 percent to their e-mail address would have to retrieve paper more compared with this year's. tickets from the ticket office. In 2010 the total budgetary revenue would be 8.53 billion kroons, also 11 percent more than in the Last Year's Turnover of Norby Telecom previous year. Later, however, the growth in Totals EUR 5.3 Million budgetary revenue is expected to fall to the level of May 20 - The consolidated turnover of Estonia's 6-7 percent in the years 2011-12. Norby Telecom AS totalled 85 million kroons The forecast for the rise in revenues in the next (EUR 5.43 mln) last year. two years is based on the precondition that the Board chairman of the company Oleg growth rate of the country remains in the range of Shvaikovsky said that Norby's operating profit 3-7 percent and the growth in average wages will be before depreciation (EBITDA) was 13.5 million in the range of 7-12 percent. kroons. The number of residents of the capital should Shvaikovsky added that the company had plans remain stable at 400,000, nearly 30 percent of the to bring his Latvian colleagues into the board and total population of the country. thus make the board stronger. Tallinn also forecasts that from one billion kroons The company will release the financial results this year the subsidy from the state budget will grow endorsed by the shareholders in the first half of to nearly 1.6 billion kroons by the year 2012. June. Tallinn has estimated the revenue from the sale Norby Telecom made 3.61 million kroons of loss of property at 89 million kroons next year. Tallinn's in 2006 and 13.03 million kroons in 2005. revenue from dividends should be 89 million kroons

5 The company's sales proceeds amounted to 26 20 percent is listed, it would be one of the biggest million kroons in 2006. companies not just on our market but on all Baltic stock exchanges," Alber said. Estonian Container Terminal Posts Alber said now was the right time to analyze Growth in Transit Volumes when and what state-owned companies could be listed and a decision in principle could be made by May 20 - According to Muuga Container this fall. Terminal (Muuga CT) transit trade is not falling The opposition parties are against the listing of and it is possible to speak about growth on the state-owned companies. basis of statistics of the past few weeks. Muuga CT, which specializes on container Competition Brings Down Price of Milk in handling at 's , said that there has been stable growth in carriage only Estonian Stores from the sea -- that is import and transit import. May 20 - The major Estonian chain stores have "In the recent weeks, it is even possible to speak recently lowered the price of milk as about growth in Estonian transit," Muuga CT board competition has toughened, the daily chairman Sergei Artyomov said. Postimees wrote. This year the company is planning to handle The price of the cheapest, 2.5 percent fat content 210,000 units (TEU) against 181,000 TEU last year. milk in the Prisma chain has dropped by 0.30 kroons But the load of the terminal is currently only 50- (about EUR 0.019 in the past few weeks, while Rimi 55 of the capacity, because the present capacity of has brought the price down by 1.70 kroons, the the terminal is 350,000 TEU per year and by the end paper wrote. of Q4 the figure will grow to 400,000 TEU a year. Prisma spokeswoman Kadri Lainas said they had Muuga CT, which belongs to the Transiidikeskus promised to offer the best prices to their consumers AS group, is a multifunctional container terminal at and it was in the name of that promise that they had Muuga Harbour. The company employs 160 people. done it. "Dairies have not lowered their sale prices, so the present fall in the price is our own initiative," Parliament Elects Representative to she said. Nordic Investment Bank Rimi Eesti marketing director Evelin Magioja said their chain had adjusted the prices of many staples, May 20 - The Estonian parliament, with 55 including that of milk. She said that they were not votes in favour, elected Jurgen Ligi, chairman trading at a loss, but were not earning any profit of the standing finance committee, as the either. Estonian representative in the Control Maxima spokesman Erkki Erilaid said they had Committee of the Nordic Investment Bank. lowered the price of Maag Piimatoostus, as Maag Ligi's credentials come into effect from June 1 had lowered its price as well. Other producers have and expire as of May 31, 2010, the parliament press not done it, however. service reported. Ulo Kivine, CEO of Estonia's biggest dairy At present Meelis Atonen holds the seat; before company, AS Tere, said there was tough competition that Andres Lipstok was the Estonian representative between traders. But dairies are not planning to in the committee. lower their sale prices, although the price of raw The Control Committee is responsible for the milk had fallen by one tenth in the recent months, auditing of NIB's accountancy papers and submits to Kivine said. the supervisory board of the bank the annual Export prices, which account for a large auditor's conclusion. The committee has ten proportion of the Estonian dairies' revenues, have members. recently fallen by nearly one third.

Economic Affairs Minister Wishing To Warm Up Plan of Listing State-Owned ESTONIAN REVIEW Companies (ISSN 1023-1951) Is issued by the May 20 - Estonian Economic Affairs Minister Press and Information Department, Ministry of Foreign Affairs Juhan Parts said it would be positive if the ISLANDI VÄLJAK 1, TALLINN, ESTONIA 15049 government would again table the plan of TEL +372 637 7600 listing state-owned companies and would look FAX +372 637 7617 for new opportunities of growth for them. Estonian Review is also available over the He said there was currently no common view in Internet at http://www.vm.ee the government, but due to significant fall in To subscribe, please contact: [email protected] economic growth it was necessary to discuss what should be changed and what the companies' growth strategy would be in the next few years. Listing of Eesti Energia (Estonian Energy), Eesti Raudtee (Estonian Railway), Eesti Post (Estonian Post), Tallinn Sadam (Port of Tallinn), Tallinna Lennujaam () and Eesti Loto (Estonian Lottery) has been discussed. Parts added that an analysis would have to be drawn up separately for each company. Andurs Alber, board chairman of OMX Tallinn Stock Exchange, said Eesti Energia could be the first to be listed. "It is a major company with a market value of 25 billion kroons (EUR 1.6 b) and if 10 or

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