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PREVIEW: Injury-hit Spain keen to stay top of Group 5

Tallinn, Estonia - Spain are keen to stay top of World Cup qualifying Group 5 by beating Estonia on Saturday - despite all their injury problems. The Euro 2008 winners are currently top of the group with six points from two games, having beaten both ...

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Estonian Securities Market In The Third Quarter Of 2008

Slowed economic growth and more pessimistic forecasts have also affected the securities markets of Tallinn and the Baltic states. By the end of 3Q 2008, the NASDAQ OMX Tallinn stock exchange index (OMX Tallinn) had dropped to 471.39 points and the Baltic Benchmark index to 362.57 points. Compared to the same period last year, both indexes have lost nearly one-half of their value.

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Walled city and chocolate

Into the Baltic Countries now and getting of the ferry from Helsinki I arrived in Tallinn with the famous only surviving walled old town in this area. It really is an amazing place to wander through and feels like you have taken a step back in time when first arriving walking through the enterance of the wall into all the old buildings that you will find. There is plenty to see when wandering arou

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Fitch Ratings devalue Baltic economies

TALLINN - The ratings agency Fitch has downgraded the long-term foreign and local currency ratings, as well as the country ceilings, of all three Baltic states. Fitch announced the downgrade Friday, Oct. 3, citing concerns over the countries’ current account deficits as the primary reason for the o

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Finnish Pohjola Bank to launch branch in Estonia

TALLINN - OP-Pohjola Group, the second-largest banking group in terms of assets in Finland, is waiting for the opportunity to start operations with a branch office in Estonia, the daily Eesti Paevaleht reports. The Estonian branch of Pohjola Bank PLC, registered in September, does not yet hold an

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Swedbank in crisis

TALLINN - With its stocks plummeting, its long-term credit rating downgraded and loans facing expiry, Swedbank has moved to reassure depositors of its credit worthiness. On Oct. 2 the bank assured its Swedish depositors they would be covered by the state deposit guarantee scheme, which gives compen

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IT experts turn criminal

TALLINN - Bank and credit card fraud has apparently become the new trend crime among Estonians; with police reports suggesting Estonia’s IT literate younger generations are adapting their expertise to criminal ends. The Estonian police say that this new illegal enterprise has now become the most co

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Teachers fail language inspections

TALLINN - Many primary school and kindergarten teacher can’t speak Estonian well enough to teach, according to a recent sampling. Ninety six out of 104 teachers from Tallinn kindergartens and Narva schools have failed Estonian language checks carried out by the Language Inspectorate. After ext

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Wave of casino robberies sweep Estonia

TALLINN - Estonian casinos suffered another robbery on Tuesday, the latest in a string of similar heists that have taken place over the past few months. A masked man carrying what appeared to be a handgun entered a gaming hall in the Mustamae district ofTallinn at 5:12 a.m. on Tuesday and made

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Cold and Wet in Tallinn

Monday 23rd JuneAbout halfway through our tour through France after the spate of public holidays in early May I had consulted the internet and proudly announced that we were not going to have to deal with any more holidays nowhere in Europe had any anniversaries or religious celebrations until after we left. I had not taken Estonia into accountIn Estonia today is Vidupha or Victory Day whic

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Balts hope Georgia conflict boosts energy case

TALLINN (Reuters) - Ulo Kikas, harbor captain at the port of Muuga, stands at the top of the multi-storey harbor building near Estonia's capital and points down to a network of vacant railway tracks for oil product wagons.

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Girl jailed for rioting

TALLINN - A Tallinn court has given a one-year sentence to an Estonian girl for her involvement in the April 2007 "Bronze Soldier" riots that swept through the city. The defendant, identified as Annika, born in 1990, was found guilty of offenses committed during the mass disorder that follo

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Tallinn bourse lost EEK 1.2 billion yesterday

Kaja Koovit Tallinn Stock Exchange faced a deep fall today and investors lost EEK 1.2 billion, Tõnis Oja, analyst at Estonian business daily Äripäev writes. The market value of Estonian telecommunication company Eesti Telekom decreased by more than EEK 300 million. The value of Eesti Telekom share dropped 2.56 pct to EEK 95.29 on EEK 5.6 million turnover. Hundreds of millions in value lost also Olympic...

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Fitch downgrades Baltic ratings

TALLINN - In the latest twist in the Baltic states’ plummet into an economic hard landing, the Fitch international rating agency has downgraded sovereign ratings on all three countries. The economic outlook on the countries remains unchanged at negative. "The downgrade of the Baltic states ref

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Finns fined for racial abuse

TALLINN - Estonian police have fined two unidentified Finnish football hooligans for shouting racial slurs at black athletes. Three Estonian men were also fined for breaching public order at the game, which took place between Sweden's Djurgarden IF and Estonia's FC Flora earlier this year.