Posted inEastern Europe & Russia, Regions

Baltics: Maintaining Resilience

15 March 1999 A two-year Baltic boom preceeded Russia’s Black Tuesday. Gross domestic product was up by 11 percent in Estonia and about 7 percent in Lithuania and Latvia. Monetary policy throughout the region has been tight. Balanced budgets have been maintained. Inflation figures for 1998 have been among the lowest in Central Europe. But […]