Estonia was net lender for fifth straight year in 2013

The outflow of financial investments from Estonia surpassed inflow by 534 million euros in 2013, which is almost double the figure for 2012, the Bank of Estonia said on March 11, 2014, adding that Estonia has been a net lender for the past five years.

Although net inflow of direct investments was approximately on a par with 2012, both outflow and inflow lagged behind 2012 in absolute terms. Of investments placed abroad equity investments accounted for the lion’s share, the central bank said.

In investments made in Estonia, equity investments declined partially as a result of Estonian owners buying back companies from foreign investors.

Of institutional sectors, credit institutions financed the outside world with 482 million euros, the business sector with 307 million euros and the central bank with 59 million euros. The general government saw a capital inflow of 314 million euros.

Source: Baltic News Service via Estonian Review

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