Scandinavia: The Baltic exchange The Baltic exchange
With the accession of Latvia, Lithuania and Estonia to the European Union, it was anticipated that a raft of Scandinavian companies would look to move into the Baltic states. However, many have proved reticent in making the move. Caroline Grimshaw looks at why
It was with a mixture of tribulation and anticipation that, in May 2004, the Baltic states of Latvia, Lithuania and Estonia – which had only 14 years earlier operated under a Soviet communist regime – joined the European Union (EU).
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