Brits investigate Estonia’s possibilities of becoming a financial centre
17.04.2009, 17:00
Marika Priske, the chancellor of the
Ministry of Economic Affairs and Communications, signed a cooperating agreement
with British economy experts from firm Oxera Cosulting Ltd., to investigate
Estonia’s possibilities to develop financial services, the Ministry announced.
The country of Estonia’s size and geographic location may increase its gross
domestic product by developing financial services more powerfully. The research
sees if this is possible and what should we do.
Although several financial institutions have gone from the market or changed
their operating principles due to financial crisis, there’s a need to map the
situation after the financial crisis – from, where and how the money is moving
in Europe.
Continue readingAdvertisement
The research also clears Estonia’s position in the value chain of financial
services – how developed is our financial sector and which are today’s
assumptions of growth.
The research analyzes main factors that determine location of financial
institutions. In addition it maps certain financial services’ by-areas in which
Estonia has the greatest growth potential and make proposals to bring them to
life.
The final report will be ready in July this year.