Estonia enjoys high rate of return in direct investments: report
2012-07-13 16:41:49
The average annual yield of direct investment in Estonia over the past decade was 11 percent, an outstanding performence among European countries, local media reported on Friday.
By comparison, the average return in Latvia and Lithuania during the same period was 7 percent, the Estonian daily Postimees (Postmen) quoted the statistics from the Bank of Estonia as saying.
According to the central bank's figures, the rate of return was 12 percent in the Czech Republic, 9 percent in Poland and Finland, and 8 percent in Sweden.
Raul Kirsimae, Swedbank's department director for manufacturing, said that high average rate of return was key for foreign investors.
That assertion is supported by the fact that more than half of industrial companies are planning additional investments this year, he said.