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Baltic presidents have positive outlook for future

By Editor. 17.12.2009

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All three Baltic States are optimistic about their future economic prospects, the heads of state of Latvia, Lithuania and Estonia admitted at a joint press conference on Wednesday.


Lithuanian President Dalia Grybauskaite also noted that the economic situation in the Baltic States is stabilizing. "International markets show trust (in the Baltic States). Both Lithuania and Latvia managed to adopt budgets. Our interest rates are falling. Both international and domestic markets start relying on the economic outlook," said Grybauskaite.

"Latvia is recovering from the economic crisis. The International Monetary Fund recognized that our plan works, that we fulfilled their requirements for this year and that they are satisfied with the results. We expect good results by the end of year 2012," said Latvian President Valdis Zatlers at the press conference on Wednesday.

Meanwhile, when asked whether Estonia will succeed in adopting euro in 2011, Estonian President Toomas Hendrik Ilves answered that he is not sure whether that will happen or not.




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