Nasdaq Tallinn stock exchange chief: Estonia has wasted years

Estonia wasted a decade when credit money was cheaper and could have been invested in problem sectors, Nasdaq Tallinn stock exchange management chair Kaarel Ots told ERR’s “Otse uudistemajast” this week on webcast.

“Given the current climate, where interest rates are rising and the demand for investment is screaming, it seems to me that ten years have been lost during which we could have made very important investments, primarily with borrowed money,” the chair told Estonia’s public broadcaster ERR.