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 MAIN STORY
German communist statue removed

Is the 1905 memorial next? Photo: Sebastien Bertrand
TALLINN- The Mustamae Borough district government of Tallinn gave permission last week to remove the monument of Fritz Behn, a German Communist executed near Tallinn during World War II.       Deputy Borough Governer Indrek Ahlberg said that the monument was removed on the basis of a government decision and that workers took the monument to the HistoryMuseum in Maarjamagi last week.       Mustamae Borough Governor Kalle Mihkels said the HistoryMuseum had filed an application for removal of the monument t...  Full story...

 ESTONIA
 ‘Stay away from Tallinn,’ brokers tell investors...
TALLINN - The real estate crisis hit a new low as agents warned foreign buy-to-letters not to invest in Tallinn’s residential property market. The advice came as new figures revealed that rental incomes have fallen dramatically since August 2007. According to second-quarter figures by Uus Maa, rental prices in Tallinn this year have come down almost 25 percent, or 500 to 1,500 kroons (32 to 96 eu... 
 Army of mandarins ...
TALLINN - The number of public servants has increased by nearly 1,000 in 10 years despite government... 
 Ilves’ Russia treaty proposal shot down by former PMs...
TALLINN - The preamble to the Estonian-Russian border treaty has come under fire from two former Est... 
 LATVIA
 Latvia ‘Europe’s crime capital’...
RIGA - Latvia has the highest crime rate in the EU and the second highest in Europe, according to a recent report. In a report titled “Europe’s Crime Capitals,” Forbes business magazine claimed that only Turkey has a higher crime rate than the Baltic state. “The most popular activities for organized crime groups were illegal drug trafficking, criminal vehicle business and economic crimes. With... 
 Balts among world’s least ‘happy’...
RIGA - A recent survey has found that citizens of the Baltic states are some of the unhappiest peopl... 
 President cleared of corruption...
RIGA - The president has been cleared of long-standing accusations that he accepted “gratitude payme... 
 LITHUANIA
 Quarry ‘to be built’ on ex-concentration camp...
VILNIUS - Russian officials are concerned that a new gravel quarry near Pagegiai might extend onto the grounds of the historic Buchenwald concentration camp. The quarry allegedly will include part of the Oflager 53 branch of the camp, where bodies are buried. The foreign ministry has asked the municipality of Pagegiai, adjacent to the Kaliningrad region, to inform the public of the details. “... 
 Mass job cuts on horizon...
VILNIUS - Almost four thousand Lithuanians are forecast to lose their jobs this year, according to L... 
 Adamkus backs missile shield ...
VILNIUS - Lithuania may be willing to host part of a U.S. missile defense system, President Valdas A... 
 BUSINESS
 No love lost for Euro...
VILNIUS - Lithuanians aren’t too excited about the prospect of joining the Eurozone a recent Eurobarometer poll shows. The Lithuanians now don’t expect to join the single European currency until 2011, rather than in 2009-2010, as was expected by half the population just last September. Most Lithuanians have a pessimistic attitude towards euro adoption, reports the poll, with 77 percent of those ... 
 Taking Counsel: Auditors’ Civil Liability – Ready for a...
The topic of civil liability of an auditor has recently surfaced as the subject of much debate world... 
 Russia promises more oil...
RIGA - In a sudden about-face over statements made in early July that Russia would halt transit carg... 
 NEWS BRIEFS

 INDUSTRY INSIDER

Cafe industry cooling down...
Someone not so famous once wrote that civilizations needed three things: democracy, good governance and decent coffee. If that is the case then the re...
CAFES: The coffee pioneers...
TALLINN - In a recession people usually spend only on necessities, yet amazingly a recent survey showed that Estonians are so hung up on good living t...
CAFES: Terraces a sunshine goldmine...
VILNIUS - During the short summer in Lithuania, the sounds of music, chatter, laughter and clinking glasses can be heard around the streets of the old...
BIKES - On a road to nowhere...
Nothing beats the rush of cruising down the highway on a motorcycle. You feel immortal, especially if you don't have a helmet on, and the faster you g...
 OPINION

Death of a nation...
One of the biggest challenges the region faces is how to manage the population. The issue comes up in one form or another in many of the stories that we run in this newspaper. It is also covered in the native language media. The problem boils down to one thing. There just aren’t enough people. Th...

Horoscopes...
ARIES (March 21-April 19): To avoid disappointment this week, think things through and don’t act on ...
In denial...
Forbes magazine, a widely respected international business publication, has named Latvia as having t...
The Scholar...
Latvia, like the other Baltic countries, is facing a brain drain as the young and gifted are lured a...
 OUT & ABOUT

At the Rouge Energy Park, Est...
TALLINN - Naturally beautiful Oobikuorg is as far from Tallinn as it is from being an ordinary tourist trap. What makes the place beautiful are its views and lakes, but what makes it unique is the legacy of Friedrich Johanson, a brilliant man who led a difficult life. To provide power for his famil...

Upcoming Events...
Deep Purple August 17: Saku Suurhall, Tallinn August 18: Arena Riga Sex Pistols August 20: Are...
Antique luxury at Sagadi Manor...
TALLINN - I’m not a big history buff, preferring to live in the present. I don’t really care who did...
Soviet prison offers low nightly ra...
RIGA - Everyone has heard of Karosta Prison, but few have gone. Paying good money to get beaten up a...
Row, row, row your boat...
VILNIUS - The movie “You Am I” made the Aukstaitija National Park fa-mous in the Cannes Film Festiva...
 FINANCE

Latvian trade deficit to fall...
TALLINN - With economic activity weakening across the board in the Baltics, slowing domestic spendin...
Hansabank: negative growth ahead...
RIGA - Latvia’s economy should hit bottom in the fourth quarter of this year or early next year befo...
Fitch stays negative about Latvia...
LONDON - Rating agency Fitch maintained its wary estimation of Latvia on July 23rd by giving the cou...
SEB joins pan-Baltic bourse list...
Skandinaviska Enskilda Banken AB (SEB) has been approved as a member on the NASDAQ OMX Baltic Mark...

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